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Pundit Says Selling Your XRP at $10 Will Be a Once-in-a-Lifetime Mistake

Abdulkarim Abdulwahab
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Pundit Says Selling Your XRP at $10 Will Be a Once-in-a-Lifetime Mistake

Prominent crypto founder Edoardo Farina has warned XRP investors against exiting too early, as XRP prepares for the moon.

In a recent tweet, Farina asserted that selling XRP at $10 could be a catastrophic mistake. Essentially, his argument infers that many investors may lock in short-term profits without realizing how much higher the asset could climb in upcoming market cycles.

According to Farina, exiting the market at $10 may lead to long-term regret. This could be true, especially if XRP fulfills its potential during the next phase of adoption and institutional integration.

Edoardo Farina on X
Edoardo Farina on X

Currently, XRP is trading at $2.44, and it still faces a formidable journey before reaching heights like $10. Yet, some XRP proponents are already warning against selling at a price that, while not guaranteed, may still be far below its ultimate potential.

Lifetime Regret from Selling XRP Too Early

Farina’s perspective draws on the psychological impact of selling too soon, a mistake that has historically locked many investors out of significant gains.

For instance, when XRP broke out in November 2024 and surpassed $1 for the first time in over three years, some expected a retracement to $0.50. But that pullback never came. The coin soon hit $2, and those who sold at $1 were left in regret.

Looking further into XRP’s history, the coin has achieved significant milestones, many of which early sellers may now regret missing out on. Since early 2017, XRP has erased two zeros from its price, and today, investors can only buy it at unit prices far higher than its early days.

Taking Inspiration from Bitcoin Holders

A similar pattern is evident with Bitcoin. It once traded under $0.05, and although those who sold at $10 made massive profits at the time, many likely regret that decision now, with Bitcoin trading over $117,000.

Binance founder Changpeng Zhao (CZ) recently shared a personal reflection on this. Despite buying Bitcoin at $600 in 2013, CZ says he still feels behind compared to early adopters who bought in at just $0.10. 

His comments come as several early Bitcoin holders have recently emerged after over a decade of dormancy to cash out billions in BTC acquired below $1.

Essentially, prominent XRP commentators are urging today’s investors to remain patient. They believe XRP’s future may mirror the long-term success seen by early Bitcoin adopters. As such, they warn that selling at $10, despite representing a 300% gain from current levels, may become a regretful decision in hindsight.

What Experts Say About XRP’s Future Price Potential

Lofty price predictions circulating within the XRP community include targets of $100, $1,000, and even $10,000.

For example, Farina has previously stated that he plans to take some profits when XRP surpasses $100. Analysts like Javon Marks have predicted that XRP could reach $100 during this market cycle, possibly by 2025 or 2026. However, many market watchers remain skeptical of these projections.

Meanwhile, crypto analyst Matthew Brienen believes XRP could reach $1,000 by 2035. If that 10-year outlook materializes, today’s patient holders could see a staggering 40,700% gain, compared to just 300% from a $10 exit.

An even more audacious projection comes from crypto founder Jake Claver. In a viral video, Claver claimed he expects XRP to trade at $10,000 per coin by 2027, driven by its efficiency in global payments.

Ultimately, while some traders may view $10 as a reasonable point to take profits, voices like Farina’s advocate for a longer-term perspective, still, others argue it’s better to secure profits while they’re available rather than gamble on a future that may never materialize.

Expert Predicts XRP Price for December 2025, Says He’s Not Missing the Next Multi-Trillion Dollar Asset

Abdulkarim Abdulwahab
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0
Expert Predicts XRP Price for December 2025, Says He’s Not Missing the Next Multi-Trillion Dollar Asset

The crypto market has turned bullish again, and many are closely watching XRP price action, foreseeing a promising outlook for December 2025.

Among the prominent voices, widely followed influencer Alex Cobb shared his price prediction for the XRP price by December 2025.

XRP Price Prediction for December 2025

Cobb’s post wasn’t a typical XRP price forecast but rather a humorous jab at skeptics who continue to ignore XRP’s growing strength. He shared a meme poking fun at those sitting on the sidelines, suggesting they’ll regret missing out when XRP reaches a price of $22.54 by December 2025.

The meme suggests that those who doubted XRP’s potential would regret their decision, having missed out on a potential 767% gain—an 8X return.

Notably, XRP saw an approximately 7X run between November 2024 and January 2025. Following that surge, some former critics, including Raoul Pal of Real Vision and veteran trader Peter Brandt, backtracked on their earlier dismissive comments.

Brandt even suggested that XRP could reach a $500 billion market cap, which would imply a price above $8. Likewise, well-known Bitcoin maximalist Davinci Jeremie acknowledged XRP’s potential after the 7X run, stating it could reach prices above $20 by the end of this year.

Not Missing the Next Multi-Trillion Dollar Asset

While some prominent critics have changed their stance on XRP, others remain bearish. Meanwhile, Cobb believes that these skeptics will have only themselves to blame when XRP stages another 8X rally.

In a follow-up post, he emphasized that he is heavily positioned in XRP, as he doesn’t intend to miss out on what he sees as the next multi-trillion-dollar asset. Indeed, an XRP price above $22 would push the market cap above $1.32 trillion. 

What Happens When XRP Price Hits $22+ with a Trillion-Dollar Market Cap?

In a hypothetical scenario where Ethereum fails to rally as strongly, this market cap would put XRP ahead of ETH. Specifically, XRP could become the king of the altcoin market, second only to Bitcoin.

Many prominent market commentators are already predicting a possible “flippening,” where XRP overtakes Ethereum. Supporters of this view include John Deaton of CryptoLaw.us and Austin King of the Omni Foundation. Meanwhile, at press time, Ethereum is trading above $3,000, having seen an 8% price surge, with a market cap of $360 billion.

XRP Had Never Seen a $1B Net Inflow in 1 Hour Until Now, Pundit Reveals

Sam Wisdom Raphael
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XRP Had Never Seen a $1B Net Inflow in 1 Hour Until Now, Pundit Reveals

An XRP community pundit reveals that the XRP market has observed billions in net inflows over an hour for the first time ever.

This disclosure came from Chad Steingraber, a game developer and prominent figure within the XRP community. Notably, over the past few days, Steingraber has been identifying massive spikes in XRP netflows and volume on Upbit, South Korea’s largest crypto exchange by volume. 

Previous Strides in Volume and Netflows

Interestingly, each update on this discovery has been more impressive than the previous one, with volumes and inflows consistently increasing on Upbit. The Crypto Basic first called attention to this trend four days ago, confirming in a July 8 report that XRP saw $1.98 billion volume over a 1-hour period on July 7.

The report also highlighted a more impressive net inflow figure of $1.58 billion within an hour on the same day, a metric also identified by Steingraber. Now, the game developer has spotlighted more remarkable net inflow figures that appear to be setting records in the XRP market.

XRP Sees $2.39B Net Inflows Within an Hour on Upbit

Specifically, he stressed in a recent commentary that XRP had never observed up to $1 billion worth of net inflows over an hour until now. While the $1.58 billion net inflow on July 7 confirms this disclosure, Steingraber pointed to a more impressive figure when someone asked for evidence of his claims.

Notably, the community pundit had on July 11 revealed that Upbit saw a massive $2.39 billion worth of XRP net inflows in the hour leading to 3:27 PM (UTC). This was unarguably one of the largest hourly net inflows observed by XRP in recent times. In addition to this, Upbit also saw a whopping $9.11 billion in XRP volume over an hour.

Speaking on the recent trend, XForceGlobal, a South Korean certified Elliott Wave analyst, revealed that XRP now boasts a higher volume in Korea than Bitcoin and Ethereum combined. According to him, these volumes are even higher than what the market saw last December, when XRP soared beyond $3. He suggested that Korean retail was now entering the market en masse.

What’s Happening?

However, Steingraber and other pundits have insisted that such large volumes are unlikely to be driven by retail. Instead, they argue that institutions could be entering the Korean XRP market. In a post, he noted that Upbit appears to be moving millions of XRP, which has contributed to the recent volume uptick. He attributed this to ODL (now Ripple Payments).

Meanwhile, order book expert Dom noted that investors have also consistently bought more XRP on Upbit. According to him, the recent XRP pump to $2.8 was partly fueled by Korean traders on Upbit. He showed that investors procured nearly $30 million in XRP over an hour globally, and Upbit accounted for nearly $13 million.

Expert Says Don’t Be Surprised If XRP Suddenly Hits $4 This Week

Abdulkarim Abdulwahab
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0
Expert Says Don’t Be Surprised If XRP Suddenly Hits $4 This Week

The ongoing bullish momentum in XRP is fueling strong conviction and bold predictions once again.

At press time, XRP is trading at $2.77, having surged over 7% in the past 24 hours. Earlier today, XRP reached an intraday high of $2.96 before pulling back slightly.

For context, XRP last traded at this level in the first week of March, meaning the coin is now at an impressive four-month high. This surprising turnaround is fueling bold predictions from analysts and market watchers. Many now believe that a path to a new all-time high is more likely than ever.

XRP to $4+ This Week?

In a tweet, crypto educator Edoardo Farina stated that it wouldn’t be surprising if market participants woke up to see XRP trading above $4 as early as this week.

Notably, XRP has remained below its peak for over seven and a half years, but optimism is growing for a breakout this month.

Farina’s comment reflects the growing anticipation within the XRP community, as the coin rides a wave of renewed market enthusiasm. This comes as Bitcoin hit a new all-time high above $118,800, with XRP following suit.

As Bitcoin continues to trade above $118,000, it has given altcoins significant room to outperform. XRP’s weekly performance now stands at an impressive 25% gain.

Farina’s $4 prediction would represent roughly a 50% surge from current levels and would push XRP beyond its all-time high of $3.84, set in January 2018. According to some XRP commentators, until the coin breaks this stubborn peak, its price action remains relatively unremarkable.

However, for analysts like Farina, the breakout is increasingly likely. In his view, it may not occur gradually but could happen suddenly and unexpectedly, fueled by FOMO.

“Altcoin Season Not Even Here Yet”

Commenting on the post, one X user highlighted that the Altcoin Season Index is still only at 28/100. This figure implies Bitcoin is still outperforming most altcoins. 

In other words, the main altcoin frenzy has yet to begin, and XRP’s current rally is already impressive. Many see the coin as positioning itself for even higher price levels.

This perspective is widely shared among influential voices in the crypto space. Commentators like Alex Cobb have forecasted XRP reaching over $22.50 by December.

Other analysts speculate that XRP could soon overtake Ethereum if current momentum continues.

“Holding XRP Should Be a Priority”

As a result, analysts like Oscar Ramos urge investors to prioritize XRP as the broader market turns bullish. 

Contributing to the optimism are developments such as Ripple’s partnership with BNY to streamline operations, and its efforts to secure a bank charter and a Federal Reserve master account to expand RLUSD adoption. 

RLUSD, now the 8th-largest stablecoin, runs on the XRP Ledger and uses XRP for transaction fees.

Momentum is also building for an XRP ETF, with ProShares and others launching futures-based ETFs in July. More than 10 spot ETF applications are currently under SEC review.

Meanwhile, whale accumulation is nearing record highs, with 2,742 wallets holding over 47.3 billion XRP.

US Patient Pays $5,000 Dental Bill with Shiba Inu

Lele Jima
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US Patient Pays $5,000 Dental Bill with Shiba Inu

Popular crypto wallet and payments app Zypto App highlights how someone used Shiba Inu to pay a $5,000 bill at a dental clinic in the United States. 

Zypto App shared the development recently in an X post. According to the post, the patient, whose identity remains unknown at the time of writing, ‘paid for a nicer smile’ with Shiba Inu via the Zypto App. 

Despite noting that the dental clinic is based in the United States, Zypto did not reveal the name of the clinic. Notably, the crypto payments provider teased that users can also leverage its solution to pay their AMEX (American Express) bill too for a bigger smile. 

Payment Process

Paying a dental bill with Shiba Inu on Zypto follows the same simple steps as settling any other invoice in the app. The process involves navigating to ‘Bill Payments’ on the Zypto App and selecting the supported biller–the dental clinic in this case. 

Afterward, the user selects Shiba Inu as the crypto they intend to pay with and enters the amount. Upon confirming the transaction, the user can click ‘Pay’ to initiate the payment. Once initiated, Zypto completes the payment within 48 hours by immediately converting the Shiba Inu to fiat currency and depositing it into the merchant’s account. 

For every transaction, users pay a processing fee of $5, plus an additional 3% of the payment amount.  With Zypto, users do not need to first convert their Shiba Inu to fiat before paying for real-world services like dental treatment. The conversion happens after the user has completed the payment from their end. 

Zypto Supports Shiba Inu 

Launched in May 2024, Zypto is an all-in-one cryptocurrency wallet and payments app that aims to drive the mass adoption of crypto assets. Through its payment solution, users can spend their crypto assets using their Zypto physical or virtual cards. 

Zypto App provides the infrastructure to enable merchants to accept crypto payments. Currently, the crypto payment provider supports over 21,000 merchants in the United States and several others across various parts of the world. 

It supports more than 100 cryptocurrencies, including Shiba Inu ecosystem tokens like SHIB, BONE, and LEASH. The crypto payment provider also supports Shiba Inu’s Layer-2 blockchain Shibarium and the ecosystem’s decentralized exchange, ShibaSwap.  

The recent development highlights Shiba Inu’s expanding utility in real-world services. Last year, Crypto Basic reported that Amoré Orthodontic Aligners, a Michigan-based dental company, accepts Shiba Inu as a payment method for its various dental services, including teeth whitening kits and braces. 

Here’s How Much Top 1%, 5% and 10% on XRP Rich List Will Make if XRP Hits $10

Sam Wisdom Raphael
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Here’s How Much Top 1%, 5% and 10% on XRP Rich List Will Make if XRP Hits $10

As XRP shows bullish signs, we recently assessed how much the top addresses on the XRP Rich List would make at a certain price milestone.

Notably, the crypto market is showing signs of strength, and XRP is already riding this push. Remarkably, XRP has outperformed every crypto asset within the top 10 list over the past day, including market leaders Bitcoin (BTC) and Ethereum (ETH).

XRP Sees Increasing Market Participation Amid Recent Run

For context, XRP is up 7.62% in the last 24 hours. In contrast, Bitcoin has only gained 0.28% within the same period despite reaching new all-time highs. Also, Ethereum is down 1.29%, while Solana (SOL) has dropped 1.73% and Dogecoin (DOGE) has gained 1.20% within this timeframe.

Amid XRP’s impressive performance, the XRP market is welcoming new entrants, as investors push to ride on the ongoing momentum. Notably, data from the XRP Rich List shows a trend of growing accumulation among market participants.

For instance, a previous report from The Crypto Basic showed that addresses in the top amounted to 663,301 as of July 6. Today, there are now 664,484 addresses in the top 10. Also, the top 5 increased from 331,651 then to the current figure of 332,242, while wallets in the top 1% increased from 66,330 to 66,448. 

XRP Rich List
XRP Rich List

Projections of an XRP Run to $10

This consistent increase across several tiers of addresses comes as investors expect XRP to sustain its run to higher prices. Interestingly, amid multiple predictions, the $10 price target has emerged consistently, representing a 259% increase from the current price.

Last month, analyst EGRAG leveraged multiple Indicators to suggest XRP could be on the verge of a rally to $10. He highlighted the $2.65 level as a breakout signal. Today, XRP has breached this mark, setting up for the run. Also, market watcher CryptoBull argued that critics would come back when XRP reaches the $10 price region.

Minimum Holdings of the Top 10%, 5% and 1% on XRP Rich List if XRP Hits $10

Should this price target materialize in this bull run, investors at the top of the XRP Rich list could see impressive gains. For context, the 664,484 accounts on the top 10% each hold a minimum balance of 2,487 XRP. Collectively, they have a minimum balance of 1.652 billion XRP worth $4.594 billion. If XRP hits $10, their collective minimum balance will reach $16.52 billion.

Meanwhile, the 331,651 accounts on the top 5 XRP Rich List each hold at least 8,752 XRP. Collectively, they all hold at least 2.9 billion XRP, currently worth a little over $8 billion. At an XRP price of $10, these addresses will collectively own a minimum of $29 billion worth of XRP. However, each will have at least $87,520.

Now, for the top 1%, the 66,448 addresses in this tier each hold a minimum of 50,606 XRP, now worth $140,684. These addresses collectively hold at least 3.362 billion XRP. Should XRP hit $10, their cumulative balance will reach at least $33.62 billion. Meanwhile, each of them will hold a minimum of $506,060. 

Here’s Why 2025 Could Be Historic for XRP

Lele Jima
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0
Here’s Why 2025 Could Be Historic for XRP

A popular XRP community figure highlights several developments that could set the stage for what may become a historic year for XRP in 2025.

Since the beginning of this year, XRP has experienced several positive developments, including widespread adoption and significant price spikes. 

Catalysts to Make 2025 Historic for XRP 

In a recent X post, “Jungle,” a popular community figure, expressed the belief that 2025 could still be a historic year for XRP, provided certain developments materialize.

National Bank Charter for RLUSD

At the top of the list is Ripple securing a national bank charter license in the United States. On July 2, 2025, Brad Garlinghouse, the CEO of Ripple, confirmed that the company had applied for a national bank charter with the United States Office of the Comptroller of the Currency (OCC). 

An approval could bring Ripple’s USD stablecoin under the supervision of federal banking regulators, boosting institutional clients’ confidence in RLUSD. 

Grayscale Adds XRP to Its Digital Large Cap Fund (GDLC)  

According to Jungle, another factor that could make 2025 a historic year for XRP is the token’s inclusion in Grayscale’s Digital Large Cap Fund (GDLC). Recall that Grayscale re-added XRP to GDLC in January 2024, joining other top assets like Bitcoin and Ethereum. 

A few months later, Grayscale applied with the SEC to convert the product into a spot-based exchange-traded fund (ETF). The SEC initially approved the request on July 1 but later halted this decision the following day. 

Multiple XRP Spot ETF Applications in Progress 

Besides Grayscale’s GDLC, Jungle mentioned that there are several standalone XRP spot ETF applications in progress. Over 10 asset managers, including Bitwise, Franklin Templeton, 21Shares, and Canary Capital, have applied with the SEC to launch spot ETFs exclusively tied to XRP. 

The SEC has a deadline of mid-October to decide whether most of these funds will launch in the U.S. Notably, industry experts like Eric Balchunas believe the SEC will approve at least one XRP ETF later this year. 

BlackRock Considering Filing for XRP ETF 

Furthermore, Jungle claimed that BlackRock is considering joining the race to launch an XRP ETF in the United States.

This rumor surfaced after Garlinghouse disclosed that Ripple and the SEC will jointly withdraw their appeals, ending the five-year lawsuit. Despite the speculations, BlackRock has yet to submit an official application for an XRP ETF. 

XRP Positioned as Bridge Asset for Global CBDC Corridors 

According to Jungle, 2025 could be a historic year for XRP if central banks utilize the token as a bridge asset for cross-border CBDC flows. As multiple central banks explore CBDCs through collaboration with Ripple, Jungle believes XRP is positioned to serve as a bridge asset for these CBDC flows. However, this remains speculative.

Meanwhile, several financial institutions have already leveraged XRP as a bridge asset for cross-border payments due to its ability to settle transactions instantly and at a minimal cost. 

Robinhood and Bitstamp Launching Derivatives Exchange on XRPL 

Furthermore, Jungle highlighted Robinhood and Bitstamp’s plans to launch a crypto derivatives exchange on the XRPL, potentially making 2025 a historic year.  

Recall that in February, Robinhood, through its acquisition of Bitstamp, announced the upcoming launch of a crypto derivatives platform on the XRP Ledger (XRPL). At the time, crypto analyst WallStreetBulls speculated that the platform could channel liquidity worth trillions through XRPL. 

Meanwhile, Jungle emphasized that these developments are not mere hype but real moves being lined up to make 2025 a memorable year for XRP. He asserted that the community knows what would happen if half of these developments come to fruition.

In the meantime, XRP price is at $2.59 at press time, up 27.7% since the beginning of the year. XRP’s volume has spiked by 37% in the past day to $7.3 billion. It remains the fourth-biggest cryptocurrency with a market cap of $153.06 billion. 

Shiba Inu Shows Strength: Here’s What You Need to Make $100K if SHIB Rises 10x

Sam Wisdom Raphael
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0
Shiba Inu Shows Strength: Here’s What You Need to Make $100K if SHIB Rises 10x

Amid the recent Shiba Inu upward trend, discussions around how much is necessary to reach certain investment goals have resurfaced.

Notably, Shiba Inu has joined the broader market recovery push, as it moves to reclaim some of the lost ground from weeks ago. Before now, the meme coin had recorded seven weekly losses over the past eight weeks, dropping by a massive 25.5% within this period.

SHIB Now Showing Strength 

With this collapse, SHIB relinquished multiple psychologically important levels, including $0.000015, $0.000014, $0.000013, and $0.000012. Specifically, it dropped to $0.0000118 last week, which represented a 65% collapse from the $0.00003343 peak from December 2024.

However, the ongoing market-wide recovery has breathed new life into the Shiba Inu market, leading to an impressive push upward. Amid this push, Shiba Inu has now recovered both the $0.000012 and $0.000013 psychological levels, having gained 13.62% this week to trade at $0.00001344 at press time.

Amid the bullish momentum, optimism around Shiba Inu’s potential to yield massive gains for investors has resurfaced. The Shiba Inu ecosystem X account highlighted the meme coin’s rapid run to the $0.000088 all-time high during the last cycle, and questioned whether SHIB could repeat history now. 

Nonetheless, the extent of the ongoing upsurge remains uncertain. Despite this, market analyst Jacob Marks predicted earlier this year that Shiba Inu might have a possible 10x run up its sleeves. 

What You Need to Make $100K if Shiba Inu 10x

As these discussions persist, we recently evaluated the prospect of making massive gains, particularly $100K, from investing in Shiba Inu at this price position.

For context, from the current price, a 10x rally for Shiba Inu would push its value to $0.0001344. Interestingly, this would mark a new all-time high, far surpassing the 2021 peak of $0.000088. 

Notably, at the $0.0001344 price, an investor would have to hold 744,047,619 (744 million) SHIB tokens to sit on a $100,000 investment. Interestingly, at the current price, these 744 million tokens are worth $10,000. So, in essence, an investor will have to commit $10,000 into Shiba Inu now to reach a $100,000 target if SHIB hits $0.0001344.

However, despite how attractive this prospect is, it remains to be seen if Shiba Inu could reach the $0.0001344 mark. While this is largely possible for the meme coin, the timeline remains uncertain.

Analysts at market resource Changelly believe investors anticipating this price level would have to wait for half a decade before they can see it. Specifically, Changelly predicts Shiba Inu to reach $0.00013 in February 2030, nearly five years later. 

Shiba Inu Price Predictions Changelly
Shiba Inu Price Predictions | Changelly

Nonetheless, Telegaon analysts are more bullish on the meme coin. Notably, these analysts expect Shiba Inu to claim $0.00013 sometime in 2027, predicting an average price of $0.000153 that year. Meanwhile, by the year 2030, they believe Shiba Inu will have reached a maximum price of $0.000712. At this price, $10,000 in SHIB today would be worth nearly $530,000. 

Shiba Inu Price Predictions Telegaon
Shiba Inu Price Predictions | Telegaon

Grayscale Challenges SEC Authority Over GDLC ETF Delay, Says Approval Is Final by Law

Abdulkarim Abdulwahab
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0
Grayscale Challenges SEC Authority Over GDLC ETF Delay, Says Approval Is Final by Law

Grayscale has formally responded to the SEC’s surprise decision to stay its approval of the GDLC ETF conversion.

The asset manager argues that the agency has no legal right to pause the product beyond the deadline set by Congress. The firm insists that under U.S. securities law, the ETF is now automatically approved and ready to launch.

SEC Approved the GDLC ETF, Then Immediately Hit Pause

For context, on July 1, 2025, the SEC’s Division of Trading and Markets approved Grayscale’s bid to transform its Digital Large Cap Fund (GDLC) into a spot ETF. The product includes a mix of XRP, Ethereum, Bitcoin, Cardano, and Solana.

However, within hours, the SEC’s Office of the Secretary issued a stay under Rule 431(e), putting the approval on hold to allow full commission-level review. This surprise reversal has triggered frustration from Grayscale and sparked a legal response.

Grayscale’s Legal Argument

In its formal letter to the SEC, Grayscale’s legal team argues that the Commission ran out of time to take further action. They cite Section 19(b)(2)(D) of the Securities Exchange Act, which sets a 240-day deadline for the Commission to approve or disapprove rule changes submitted by exchanges.

According to Grayscale, that 240-day window ended on July 2. Notably, the original filing was back in October 2024. Since the SEC neither issued a final disapproval nor completed full Commission action, the ETF must now be considered “deemed approved” by law.

“The statute provides no authority to the Commission to extend [the deadline], by rule or otherwise,” the letter said. It stressed that internal rules like Rule 431 cannot override an act of Congress.

A Rule Can’t Override a Law, Grayscale Warns

Essentially, Grayscale’s letter seeks to emphasize that Rule 431, which allows any Commissioner to request a stay for further review, cannot be used to defeat the hard deadline in Section 19(b)(2)(D).

Grayscale claims that the stay mechanism was improperly used to invalidate the Division’s timely approval. Consequently, they warned that allowing a stay to override statutory deadlines would set a dangerous precedent for all future ETF reviews.

Grayscale May Seek Court Intervention

While Grayscale is considering filing a formal petition to lift the stay, it’s also urging the SEC to voluntarily recognize that the ETF was legally approved on July 2. The firm emphasized the harm being done to investors and the broader market due to the unnecessary delay.

Meanwhile, the letter closes with a note of cooperation. It acknowledged the SEC’s efforts under new leadership and its ongoing work to build a clearer crypto regulatory framework. Yet, it maintains that GDLC’s approval is final and enforceable.

Market Veteran Peter Brandt Says XRP Is Ready to Blast Off

Sam Wisdom Raphael
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0
Market Veteran Peter Brandt Says XRP Is Ready to Blast Off

XRP is back in the spotlight as veteran trader Peter Brandt suggests the altcoin could be warming up for a major breakout. 

In his latest analysis, Brandt pointed out that XRP has been moving sideways on both the monthly chart. Notably, this is a sign that often comes before a strong move in either direction. He believes this period of price consolidation could soon give way to a sharp push higher, especially as the market trends upward.

XRP Monthly Chart Confirms Brandt’s View 

Interestingly, the monthly chart confirms Brandt’s view. For years, XRP traded within a large symmetrical triangle, where each rally made lower highs and each dip formed higher lows. 

This pattern, which stretched from early 2018 until late 2024, kept the price tightly squeezed until XRP finally broke above the upper boundary of the triangle in November 2024. The breakout came with a surge in buying volume, which added strength and credibility to the move.

Since then, XRP has been trading in a narrow range between roughly $2 and $3. This sideways movement, which analysts call a high base, tends to appear after a big breakout and shows that buyers are still in control. 

XRP 1M Chart Peter Brandt
XRP 1M Chart | Peter Brandt

Importantly, it indicates that the market is catching its breath before the next leg up. Right now, XRP holds steady above its 8-month simple moving average, which continues to slope upwards and helps confirm the uptrend.

Meanwhile, the technical indicators also paint a strong bullish picture. For one, the Average Directional Index (ADX) currently sits above 51, showing that XRP’s trend remains powerful. Meanwhile, the Average True Range (ATR), which measures volatility, has dropped slightly. This is a typical behavior when markets pause before a bigger move.

Analysts Expecting Massive XRP Upsurge

Other crypto analysts share a similar outlook. For instance, well-known XRP chartist Dark Defender pushed back against the idea that XRP had formed a bearish head-and-shoulders pattern. 

XRP 1W Chart Dark Defender
XRP 1W Chart | Dark Defender

He pointed out that XRP already reached the key Fibonacci extension level of $2.77 and believes the asset has entered a clear fifth wave breakout, based on Elliott Wave Theory. 

Another market watcher, CryptoInsightsUK, highlighted that XRP recently broke out of a price range between $2.00 and $2.30. He explained that XRP now faces a key test near $2.60. 

A clean break above this level, in his view, could clear the way for a move toward $3.00 and possibly new all-time highs. Interestingly, XRP has already pushed past this resistance zone, showing that buyers remain firmly in control.

Currently, XRP has climbed 24% in the past week and stands 26% higher so far in July, currently trading for $2.8 as it eyes the $3 mark. These gains come as the broader crypto market shows massive strength across, which adds fuel to XRP’s recent rally. Recently, an analyst suggested that nothing exciting is happening until XRP breaches $3.84.

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