Bitcoin shows its first major bearish signal in weeks, yet strong dip-buying and key support levels keep the bullish outlook intact.

Bitcoin resistance at $120K normal due to ‘frothy’ open interest near all-time highs

Crypto strategist Pentoshi put the market on notice in a late‑Tuesday post. 
“With XRP it held up for the past 7 months while most of the market nuked and 
kept this structure. It arguably has little resistance from here because it 
never spent time trading here on the verge of price discovery,” he wrote, 
adding that a cluster of regulatory and corporate tailwinds “is a pretty good 
setup into decent tailwinds and so far has traded very cleanly.” By Wednesday 
afternoon XRP was changing hands at $3.08, up roughly 27 percent on the week 
and hovering just below its highest close since the 2021 cycle high. Daily 
volumes have topped US $8.5 billion and momentum indicators on major venues 
show relative‑strength indexes back in “buy” territory, underscoring 
Pentoshi’s contention that overhead supply is thin. Upcoming XRP Price 
Catalysts The first fundamental catalyst is Washington’s sudden enthusiasm for 
federal stablecoin rules. The Guiding and Establishing National Innovation for 
US Stablecoins (GENIUS) Act sailed through the Senate in June and secured the 
votes it needs in the House this week after an eleventh‑hour whip by President 
Donald Trump. House Majority Leader Steve Scalise told reporters, “We’re back 
on track … all three bills will be encompassed in the work we do today,” 
referring also to the CLARITY and Anti‑CBDC acts. Related Reading: XRP Becomes 
Top 3 Crypto After ProShares ETF Approval, Can It Flip ETH? Ripple, which 
launched its dollar‑backed RLUSD last December, is already positioning for 
that environment. On 2 July the company filed for a US national bank charter 
and a Federal Reserve master account that would let it custody RLUSD reserves 
directly at the Fed. Two weeks later it confirmed plans to secure an EU 
electronic‑money‑institution licence under MiCA; a company spokesperson said 
Ripple aims “to become MiCA‑compliant” because it sees “significant 
opportunity in the European market.” The second driver is the near‑resolution 
of Ripple’s grinding courtroom saga. On 26 June, when US District Judge 
Analisa Torres rebuffed a joint motion by Ripple and the SEC that would have 
vacated her permanent injunction and sliced the civil penalty from $125 
million to $50 million, ruling the parties had “not come close” to 
establishing the “exceptional circumstances” required to alter a final 
judgment. The next day CEO Brad Garlinghouse announced on X that Ripple will 
drop its own cross‑appeal and “close this chapter once and for all,” adding 
that he expects the SEC to withdraw its appeal as well. For now, however, 
Torres’s injunction and the full $125 million penalty remain in force, leaving 
any definitive resolution, however, the end has never been closer. Related 
Reading: XRP Countdown Begins—Analyst Predicts Explosive Run To $11 With the 
litigation roadblock largely cleared, exchange‑traded‑fund issuers have 
accelerated filings. ProShares on 15 July rolled out 2× leveraged futures 
funds tied to Solana and XRP, noting that spot‑based products remain in the 
SEC queue. Only a week earlier, the agency issued new disclosure guidance 
meant to streamline crypto‑ETF approvals. Trump Media &amp; Technology Group has 
even asked the SEC to sign off on a “blue‑chip” basket ETF that would hold 
bitcoin, ether, solana and xrp, signalling bipartisan pressure to open the ETF 
spigot further. Ripple is also arming itself for a buying spree. “Our M&amp;A 
people are very busy,” chief technology officer David Schwartz told DL News in 
late June, revealing “multiple potential acquisitions in various different 
stages.” The firm has already paid $1.25 billion for prime broker Hidden Road 
this year and is building an on‑ledger lending protocol slated for Q3, moves 
that could deepen XRP liquidity and justify higher valuations. Each strand—the 
GENIUS Act, the bank charter and MiCA licences, the SEC’s retreat, the ETF 
pipeline, and Ripple’s war‑chest for acquisitions—converges on the same 
conclusion: regulatory opacity is fading just as institutional distribution 
channels open. Whether that is enough to propel XRP through the previous all- 
time high at $3.84 from January 2018 remains to be seen, but the technical 
setup is also looking quite strong, as Pentoshi concludes. At press time, XRP 
traded at $3.14. Featured image created with DALL.E, chart from 
TradingView.com

XRP Set To Smash All-Time High As Catalysts Align, Analyst Says

Gaming, daily purchases, and travel bookings emerge as the leading categories 
where Gen Z users strongly prefer cryptocurrency.

36% of Gen Z spend crypto on daily purchases, Gen X leads high-value spending

Bitcoin dominance charts moving downward may be a reversal signal that the 
much-anticipated &#8220;altcoin season&#8221; is finally here, say analysts

3 charts scream ‘it’s altcoin season’ as Bitcoin dominance hits 8-week lows

The concept of stock tokenization is undeniably promising, but its path to 
mainstream adoption remains cautious and uncertain for now.

Stock token hype isn’t the next USDC just yet | Opinion

The Smarter Web Company PLC, a London-listed technology firm, has announced 
the purchase of an additional 325 bitcoin, increasing its total holdings to 
1,600 BTC as part of its ongoing treasury policy outlined in “The 10 Year 
Plan.” The recent acquisition, totaling £27,145,693 at an average price of 
£83,525 ($112,157) per bitcoin, reflects the company’s […]