🚨 XRP & Bitcoin Storm Incoming: The Next 48 Hours Could Change Everything
In the U.S., the government’s Responsive Working Group on Digital Assets is set to release its first report on July 30.
If this report recommends recognizing XRP as the official U.S. crypto reserve asset, it would be a major breakthrough. Such a move could lead to a sharp surge in demand for XRP, potentially resulting in a significant spike in its price.
SEC Appeal Vote Could Trigger a Major Shift
On July 31, the SEC is scheduled to hold a closed-door meeting, where a key decision could be made regarding the withdrawal of its appeal in the Ripple case.
If the SEC chooses to drop the appeal, it would effectively mark the end of the Ripple lawsuit. More importantly, it could pave the way for the approval of an XRP Spot ETF, opening the doors for greater institutional participation and potentially pushing XRP to new heights.
New Support for Crypto: The 21st Century Mortgage Act
On July 29, U.S. Senator Cynthia Lummis introduced a landmark bill called the 21st Century Mortgage Act.
This legislation would allow banks to legally recognize cryptocurrencies as valid assets, potentially making it easier for younger investors to purchase homes using their crypto holdings.
The bill is expected to significantly boost both the utility and credibility of cryptocurrencies, especially for tokens like XRP that are striving for real-world use cases.
Bitcoin Slips Ahead of Fed Decision
While XRP investors are riding a wave of optimism, Bitcoin appears to be struggling. BTC closed at $117,925, marking its second consecutive day of decline.
Concerns surrounding the upcoming Federal Reserve meeting and potential interest rate hikes have weakened demand for Bitcoin. Additionally, recent ETF outflow trends have added to investor uncertainty, further impacting BTC's short-term momentum.
Can XRP and BTC Set New Records?
In the coming days, the direction of XRP and Bitcoin (BTC) will likely be shaped by several key factors — including updates in the Ripple case, the upcoming U.S. government report, new crypto-related legislation, and ETF flow trends.
If all these developments move in a positive direction, both XRP and BTC could be on track to break their all-time high levels.
Disclaimer: This article is intended for informational purposes only and should not be considered financial advice. The cryptocurrency market is highly volatile, so please consult a financial expert before making any investment decisions.
