Ripple CEO to Testify Before Senate as XRP Price Braces for Volatility Ahead

While the company is looking to exceed the legal confrontation that lasted years ago with SEC, the session could be a starting point for renewing momentum in coding policies-while it is possible that the fluctuation is pumped into the XRP market.

CEO of Ripple to appear before the Senate Banking Committee

Brad Garlinghyus, CEO of Ripple Labs, will witness the US Senate Banking Committee on Wednesday, July 9, at a pivotal moment in the organizational future for the encryption industry. Its appearance is part of a high -level hearing entitled “From Wall Street to Web 3: Building the digital assets markets for tomorrow”, which aims to address the lack of regulatory organization organized currencies such as XRP.

The CEO of Ripple Brad Garlinghouse stressed that his certificate in the Senate aims to represent the 55 million American encryption users who deserve organizational clarity. Source: Brad Garlinghyus via x

“I am honored to call for martyrdom … about the need to pass the legislation of the encryption market.” Garlinghyus said in a speech. “Construction legislation is necessary to enter into innovation while protecting consumers.”

His testimony will coincide with the main transformations in the legislation of American digital assets, including the last approval of the Senate over the genius law, which seeks to provide clear organizational handrails to Stablecoins. The house is also preparing for “Week Crypto”, where many industry-related bills will be discussed, which highlights the shift towards the two parties’ support for clearer encryption frameworks.

Legal clarity acquires momentum of ripples and XRP

Garinghouse’s Certificate in the Senate arrives a few weeks after Ripple, and the US Securities and Stock Exchange Committee (SEC) was issued newspaper addresses again. Judge Angia Torres reaffirmed her ruling for 2023 that XRP is not safe when selling to the public, and refused a proposed settlement between Ripple and SEC. Soon after, Ripple announced its intention to withdraw its cross appellant, which may close a chapter on a lawsuit on the Ripple against SEC for about five years.

This legal axis is seen as a turning point for ripples. “Ripple was the summit of the spear for this organizational organizational campaign … after four years of an arduous legal battle, we prevailed.”

The effects of this development extend beyond the ripple. The result can pave the way for the wider acceptance of the XRP investment funds, especially if SEC votes to withdraw its appeal against the code sales ruling. A decision may come as soon as possible on Thursday, July 10, during a closed SEC meeting.

Outlook PRICE PRICE XRP turns into a volatility in a certificate and ETF Buzz

As of July 8, the XRP price increased by 1.74 % to $ 2.31, outperforming the broader encryption market, which increased by 0.93 %. The XRP encryption price is now dependent on two main stimuli: the SEC resumption decision and its increasing momentum for the multiple circulating investment box qualifiers.

XRP was traded by about $ 2.30, an increase of 1.97 % at the last 24 hours at the time of the press. Source: XRP (XRPLX) in a new courageous currency

The partial Ripple victory against SEC has already strengthened XRP predictions between investors. With the approval of the Cap Digital Digital GrayScale (GDLC) now to convert to ETF-which gives up XRP between its holdings-analysts look forward to the next stage: ETF allocated XRP-Pot.

In addition, Truth Social, the media arm of US President Donald Trump, applied for her Crypto Blue Chip ETF chip, which will include XRP alongside Bitcoin and Ethereum. ETF initiatives can open this large institutional demand for XRP, raising the long -term evaluation prospects.

Can XRP break over $ 3?

Technical analysis shows XRP aspires to the outbreak of critical resistance near 2.35 dollars, as the price maintains firmly supporting $ 2.30. If this resistance is scanned, the following main goals include the highest level in May 2.6553 dollars, followed by a Psychological mark of $ 3, and possibly peak 2025 with a value of $ 3.39.

However, negative risks remain. It can re -decrease the 50 -day EMA from the bears to play, with a possible re -test of the 2.2 dollar support area and EMA for 200 days. However, optimism about the SEC favorable decision and the upcoming Senate Certificate may help XRP to maintain the upscale momentum.

A turning point for Ripple and US Crypto

The next session is not just a soap box for the CEO of Ripple. It is a sign that legislators have begun to understand how clear the eligibility organization of digital assets. Garlinghouse will join the other prominent industry leaders, including the CEO of Blockchain Summer Mersiner, CEO of Chainalysis Jonathan Levin, and Dan Robinson from Paradigm.

The CEO of Ripple Brad Garlinghouse has urged the Senate to pass the main encryption bills to ensure market clarity and support for innovation. Source: _chainscope via x

MERSINGER is written on the necessity of urgency: “The question in front of us is not whether this industry should be organized, but how … we can either go on the path of uncertainty or pass practical legislation between the two parties.”

With more than 55 million Americans now possesses encryption, the political risks rise. The place of Ripple on this political discussion table – after years of legal uncertainty – shows it at the forefront of the formation of how to form digital assets in the United States

Final ideas

While Brad GarlingHouse is preparing to address American legislators, he is closely monitoring the broader market. His testimony can affect how Ripple, XRP and the encryption sector are generally treated under American law to move forward. Meanwhile, XRP predictions remain bullous amids in ETF approvals and a permanent solution to Riple SEC.

With future volatility, all eyes in Capitol Hill this week. It can be the impact of the organizational and the market-based-based-starting start.