XRP Poised For Major Rally If SEC Drops Ripple Appeal, Targeting $15

Key Insights:

• Ripple’s legal shift could trigger XRP’s breakout, with projections targeting $10-$15 in the coming months.
• Whale activity boosts XRP’s price momentum, with over 2,700 wallets holding at least 1 million XRP.
• XRP’s rising funding rate reflects growing market confidence, supporting bullish sentiment for continued gains.

XRP has shown significant momentum in the past 24 hours, trading at $2.45 as of press time, marking a 5.08% increase. This recent increase comes alongside a trading volume surpassing $5.5 billion, marking an impressive rise for the cryptocurrency.

The positive price action signals growing momentum in the XRP market. Traders and investors are watching closely for further developments. It is especially true regarding Ripple’s ongoing legal battles with the U.S. Securities and Exchange Commission (SEC).

Analysts are now closely monitoring XRP’s movement as key levels are breached, indicating a possible breakout.

XRP Poised for Rally as SEC Appeal Could End

As per Steph is crypto, Ripple’s CEO, Brad Garlinghouse, made a significant announcement regarding the legal tussle between Ripple and the SEC. Garlinghouse confirmed that Ripple would drop its cross-appeal and urged the SEC to do the same.

This development could mark the end of a prolonged legal dispute. Analyst Steph_iscrypto has pointed out that this legal shift could pave the way for a substantial increase in XRP’s price.

According to the analyst, if the SEC decides to drop its appeal, XRP may see a “parabolic” surge in price. The SEC’s meeting, set for today, is expected to be a critical moment for XRP’s price action. A favorable decision could clear a significant legal hurdle and potentially restore investor confidence.

XRP’s Breakout Potential and Technical Indicators

Elsewhere, technical analysis points out key resistance levels in XRP’s price action. Analyst XRPunkie has identified the $2.70 to $2.90 range as a critical resistance zone. If XRP price breaks through this range, a significant price increase could follow.

XRPunkie has indicated that a breakout could lead to an all-time high, with projections of the cryptocurrency reaching $10 to $15 in the near future. This prediction is based on strong technical indicators and the rising momentum of XRP’s price.

The coming months, particularly July and August, are expected to be pivotal. The asset’s potential to break through key price levels is increasing as market conditions become more favorable.

Whale Activity Fuels the XRP Price Surge

Meanwhile, whale activity has added another layer of optimism surrounding XRP’s market trajectory. XRP price recently surged to $2.39, a seven-week high, driven by a notable increase in whale holdings.

Santiment data revealed that 2,742 wallets now hold at least 1 million XRP, with their collective balance reaching 47.32 Billion XRP. It is just one wallet shy of the all-time high recorded in the previous days.

The growing confidence from these large holders further supports the bullish outlook for XRP. The surge in whale holdings suggests that institutional and well-funded traders are positioning themselves for potential gains. It further adds to the positive sentiment around the asset.

XRP Funding Rate Reflects Shifting Market Sentiment

According to Coinglass data, XRP’s funding rate reveals a deeper look at market sentiment. Between April and July 2025, the XRP open interest (OI)-weighted funding rate fluctuated in response to price movements.

Notably, sharp increases in the funding rate often align with price upticks. It suggests growing confidence among long position holders.

Conversely, periods of negative funding rates were followed by price corrections, indicating times of market uncertainty. Because the price of XRP has risen quickly and steadily since the start of June, rising funding rates indicate an increasing degree of bullishness.

Further, the rise in financing rates along with an increase in the XRP price indicates that traders are preparing to push the price even higher.

It is this harmony between the price dynamics and funding rate that reveals further growth in the optimistic mood in the market, with more traders taking up long positions in XRP.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.