{"id":40890,"date":"2025-08-07T05:16:52","date_gmt":"2025-08-07T05:16:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40890"},"modified":"2025-08-07T05:16:52","modified_gmt":"2025-08-07T05:16:52","slug":"xrp-pushes-through-3-as-ripple-sec-appeal-decision-looms","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40890","title":{"rendered":"XRP Pushes Through $3 as Ripple-SEC Appeal Decision Looms"},"content":{"rendered":"
\n

XRP rose 3% in the 24 hours through August 7, advancing from $2.91 to as high as $3.02 before closing at $2.98.
The move broke through multiple short-term resistance levels and coincided with high-volume buying activity, particularly on Korean exchanges.
Technical momentum aligns with key macro developments: the U.S. Securities and Exchange Commission is set to deliberate on Ripple\u2019s appeal withdrawal, while Japan\u2019s SBI Holdings has filed for a Bitcoin-XRP ETF.<\/p>\n

News Background<\/strong><\/h2>\n

The SEC is expected to deliberate Ripple\u2019s decision to withdraw its appeal at 03:00 UTC on August 7, ahead of a broader ruling expected by mid-month. The hearing could lock in XRP\u2019s non-security status under U.S. law\u2014an outcome that removes a longstanding regulatory overhang.
Meanwhile, SBI Holdings\u2019 ETF application highlights international institutional interest, with treasury diversification efforts gaining momentum from corporates reportedly pledging up to $1 billion in XRP purchases.<\/p>\n

Price Action Summary<\/strong><\/h2>\n
    \n
  • XRP traded in a 24-hour range between $2.91 and $3.02, a 3.7% band. <\/li>\n
  • The strongest upward movement occurred between 15:00 and 16:00 UTC as the token surged from $2.95 to $3.02, propelled by buying volumes exceeding 110 million tokens, or three times the daily average. <\/li>\n
  • The bulk of this flow originated from Upbit, which processed over $95 million in XRP trades. The asset later consolidated between $2.98 and $3.00 into the session close.<\/li>\n<\/ul>\n

    Technical Analysis<\/strong><\/h2>\n
      \n
    • XRP broke through resistances at $2.87, $2.92, and $2.97 during the rally. The final hour showed a failed attempt to breach $3.02, with a reversal back to $2.98 as volume spiked to 2.11 million in a 10-minute window. <\/li>\n
    • The $2.98 level is now acting as short-term support. If bulls defend this zone, upside targets remain at $3.05 and $3.14, with $3.25 in view should ETF approval or SEC commentary turn favorable.<\/li>\n<\/ul>\n

      What Traders Are Watching<\/strong><\/h2>\n
        \n
      • The SEC\u2019s 03:00 UTC session and whether Ripple\u2019s appeal withdrawal gets formalized<\/li>\n
      • Follow-through from SBI\u2019s ETF filing and potential inflows<\/li>\n
      • Price reaction to $3.05 if XRP re-tests local highs on Upbit and Binance volume trends as indicators of retail and institutional engagement<\/li>\n
      • Any near-term regulatory commentary ahead of August 15 XRP legal status review<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

        XRP rose 3% in the 24 hours through August 7, advancing from $2.91 to as high as $3.02 before closing at $2.98. The move broke through multiple short-term resistance levels and coincided with high-volume buying activity, particularly on Korean exchanges. Technical momentum aligns with key macro developments: the U.S. Securities and Exchange Commission is set […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40890","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40890"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40890\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}