XRP Price Prediction: July rise reached 56%, future trend depends on SEC lawsuit, ETF and CLARITY bill progress.

XRP has recently experienced a strong Rebound, breaking through the historical high set on July 18, prompting investors to discuss whether the SEC will withdraw its appeal. With progress in encryption regulation in the U.S. Congress, the market outlook for XRP is optimistic. However, the SEC's internal procedures and the approval process for the XRP Spot ETF remain key variables. If the SEC withdraws its appeal and approves the XRP Spot ETF, XRP may see a bigger rise.

XRP reaches a new high, what are the driving forces behind it? On July 21, the price of XRP once again broke through its historical high of $3.6629 set on July 18, but then retreated. This price surge was not driven by emotional reactions to the SEC vs. Ripple case, but rather propelled by legislative progress in the encryption field by the U.S. Congress. Ripple CEO Brad Garlinghouse's remarks at the Senate Banking Committee hearing on July 9 and the advancement of the encryption bill significantly boosted the price of XRP.

With the signing of the GENIUS Act and the passage of the CLARITY Act in the Senate, the clarification of encryption regulation has brought strong demand for XRP. XRP has risen between $2.2998 and $3.6629, reaching a new high in a month.

XRP faces $3.66 resistance, SEC withdrawal of appeal is key Currently, XRP may face significant resistance at the $3.66 level, as investors are anxious about whether the SEC will withdraw its appeal. On July 24, the SEC's closed-door meeting may determine whether to withdraw its appeal against the ruling on XRP's programmatic sales.

Although Ripple's joint motion with the SEC was rejected by Judge Analisa Torres on June 26, the SEC's decision may still take 1 to 2 months. Former SEC lawyer Marc Fagel warned that this delay in the process could impact the short-term trend of XRP prices.

SEC appeal withdrawal delayed, XRP Spot ETF approval hindered Despite the recent rebound of XRP, the SEC's internal processes may delay the approval of the XRP Spot ETF. Large institutions like BlackRock may postpone their application for the iShares XRP Trust until there is a clear outcome in the Ripple case.

Even so, XRP's strong Rebound has dominated the market. As of July 21, XRP's market capitalization reached $206.14 billion, with a July rise of 56%, surpassing Solana (SOL)'s 28% increase.

XRP Price Outlook: SEC Votes and ETF Dynamics are Key On July 21, the price of XRP rose by 2.8%, closing at $3.5528. Future price trends will depend on whether the SEC withdraws its appeal, the progress of the XRP Spot ETF, and the progress of the CLARITY Act in Congress.

If XRP breaks through the historical high of July 18 at $3.6629, the target may point to $4. After breaking $4, the price may further rise to $5. Conversely, if it falls below the support level of $3.4, it may retreat to the $3 level.

BTC breaks three-day downtrend XRP rebounded strongly under the expectation of changes in demand, while Bitcoin (BTC) ended a three-day decline. The main driving factors include Strategy (MSTR) announcing the purchase of 6,220 BTC, worth approximately $740 million, as well as market speculation that the US government may consider BTC as a strategic reserve asset.

BTC Price Outlook: ETF Fund Inflows and Policy Trends are Key Bitcoin (BTC) rose by 0.13% on July 21, ending the previous day's decline of 0.48%, closing at $117,398. Future price trends will depend on the progress of the CLARITY Act, the increase in government BTC reserves, and the capital flow of the BTC Spot ETF.

Potential scenario:

Bearish scenario: Legislative setbacks, the US government's silence on increasing BTC holdings, a hawkish stance from the Federal Reserve, and outflows from ETFs. The combined effect of these factors could push the BTC price down to $115,000 and may trigger the 50-day Exponential Moving Average (EMA).

Bullish Scenario: The progress of the CLARITY Act (, the U.S. government's suggestion to increase BTC holdings, the Fed's dovish stance, and ETF inflows. In these scenarios, the BTC price could reach historical highs above $123,000.

Key Factors to Focus On: Investors should pay attention to the following key factors that may determine whether XRP and BTC can break through historical highs:

• Ripple case update: Will the SEC withdraw its appeal?
• U.S. Presidential Task Force Report: Recommendations for Government BTC Reserves
• Bill Progress: The CLARITY Act's progress in Congress
• Federal Reserve Policy: Hawkish or Dovish Signals
• ETF Fund Flow: The impact of fund flow on BTC supply and demand