Expert Reveals Why XRP Will Reach New Highs in Mid-August

Vincent Van Code, a well-known figure in the XRP community and a software engineer, believes XRP is on track for a strong rally by mid-August. 

He shared this sentiment after analyzing XRP’s price chart and current market conditions. Notably, his prediction revolves around a major regulatory deadline and growing signs of institutional interest in XRP.

Van Code Expects XRP to Rally in Mid-August

Specifically, in an initial post on X, Van Code pointed out that despite a recent dip in price, XRP still trades above all major exponential moving average (EMA) levels. For context, two weeks ago, XRP hit a yearly high of $3.66 before pulling back. Despite the pullback, it has held above the $3 psychological mark.

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With XRP currently trading for $3.13, Van Code believes this correction is not a sign of weakness but instead indicates that XRP might be setting up a bear trap. For the uninitiated, a bear trap is a temporary downturn that shakes out investors before the price reverses and climbs higher.

Van Code noted that although he usually downplays the long-term value of technical analysis, traders can still use charts to understand short-term sentiment, especially when the market lacks major news. To him, if this current setup truly is a bear trap, XRP could rebound strongly either next week or the week after.

Upcoming Government Report on Crypto

Following his analysis, another XRP proponent suggested that large investors might be holding down the price intentionally. He claimed they want to accumulate more XRP before a major U.S. government report on digital assets gets released. 

For context, Bo Hines, who leads the President’s Council of Advisers for Digital Assets, confirmed that this long-anticipated report will come out on July 30. The commenter claimed the government report could lead to Ripple finalizing its legal settlement with the SEC.

Reasons Behind the Conviction

In response, Van Code clarified that Ripple had already deposited the $125 million fine into a bank escrow account. The funds will only be released once Ripple and the SEC officially drop their appeals. 

You're theories are sound except 125m pay with XRP.

Ripple has already paid the fine into a bank escrow account that will be released as soon as appeal from both parties is withdrawn.

When that will happen, who knows.

Just know the joint status report for the SEC/Ripple…

— Vincent Van Code (@vincent_vancode) July 29, 2025

He reminded the community that the SEC must update the appeals court by August 15. Notably, while the agency doesn’t face a hard deadline to withdraw its appeal, it must take some kind of action by that date. Van Code expects the case to close officially soon and believes both parties will likely end the appeals before the deadline.

In a follow-up comment, Van Code presented the reasons behind his confidence in XRP’s near-term future. According to him, if the SEC files the appeal dismissal, XRP will almost certainly rally. 

XRP price will no doubt go up mid August if SEC formally files appeal dismissal. Then potentially we see 100s of existing 1,700 NDA companies coming out.

And potentially ETFs bring approved and more filings by the bigger boys. https://t.co/C6LwtLVVpx

— Vincent Van Code (@vincent_vancode) July 29, 2025

He also pointed to Ripple’s 1,700 non-disclosure agreements with financial institutions and other companies. These NDAs, signed mostly between 2013 and 2020, show Ripple’s long-term efforts to integrate XRP into global payment systems. Van Code believes many of these companies could be waiting for legal clarity before launching public partnerships or activating their XRP-based systems.

He also mentioned the possibility of new ETF filings, hinting that major institutional players may finally step into the spotlight once the legal dust settles. Van Code said he sees a strong chance that XRP will climb higher in the next few weeks, as regulatory uncertainty clears and major institutions begin to move.