XRP News Today: XRP Rises 8% Amid Geopolitical Calm, Legal Drama Continues

Cryptocurrency markets have seen XRP edge up by roughly 7–8% recently, driven by geopolitical calm. However, XRP remains constrained within a narrow range around $2.18–$2.19. Despite bullish technical indicators suggesting potential future growth, XRP investors are locked in a waiting game, with their eyes fixed on unresolved legal dramas.

The ongoing SEC vs. Ripple case continues to frustrate XRP holders, trapping them in a legal quagmire. Ripple’s fate hangs precariously on settlement negotiations delayed until mid-August, extending investor uncertainty. Attorney Bill Morgan attempted to reassure against escrow fund seizure fears, but market confidence remains cautious. Investors remain skeptical, as XRP’s potential hinges significantly on outcomes from complex regulatory battles that have dragged on without resolution.

RippleX’s recent update to its ledger (rippled v2.5.0) is promising technically, yet overshadowed by regulatory paralysis. Enhancements include improved scalability, token escrows, and batch transactions, yet investor enthusiasm remains tempered due to the broader legal uncertainties surrounding XRP. The looming question remains whether XRP’s institutional appeal can survive prolonged courtroom battles and macroeconomic pressures.

Technical analysis adds another layer of concern, highlighting a critical resistance range of $2.23–$2.26. While some traders anticipate a bullish breakout, a retest below $2.08 could severely undermine investor confidence. With macroeconomic indicators like U.S.-China trade tensions, Fed monetary policies, and dollar strength in play, XRP’s potential gains remain speculative and heavily dependent on external factors beyond the immediate control of Ripple or its community.

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