XRP News Today: XRP Surges 70% in July Amid Legal Clarity Hopes and Exchange Supply Shifts

XRP surged by 70% in July 2025, following a major 585% breakout in November 2024. The token traded at $3 at press time, with a 2% gain in the past 24 hours and a 4% drop over the last seven days [1]. Analyst Crypto King highlighted that XRP broke out of a long-term downtrend that had persisted from July 2023 to late 2024, setting a price target of $7. If achieved, this would represent a gain of more than 150% from the current level [1].

Exchange supply data from CryptoQuant indicates that over 700 million XRP tokens exited Binance between July 24 and August 7, reducing the total exchange reserves from around 3.02 billion to 2.3 billion. A decline in exchange holdings often signals increased long-term holding intentions among traders, potentially reducing selling pressure [1]. Additionally, the NVT (Network Value to Transactions) ratio for XRP rose 44% in 24 hours to 225. This metric suggests that XRP’s market value is outpacing its on-chain transaction volume, indicating a possible divergence between price growth and actual network usage [1].

The legal situation surrounding Ripple and the U.S. Securities and Exchange Commission remains a key factor. The SEC is expected to respond to Ripple’s request to withdraw its appeal at 03:00 UTC on August 7. If the appeal is dropped, XRP may gain full legal clarity in the United States by mid-August [1]. A favorable ruling would also allow Ripple to access $125 million in escrow, resume full operations, and release more than 1,700 contracts. Concurrently, SBI Holdings has applied to launch an XRP exchange-traded fund, signaling growing institutional interest in the asset [1].

Sources:

[1] 5 Things to Watch in XRP After 70% July Surge (https://coinmarketcap.com/community/articles/6894650bb84edf711c3cad37/)