$XRP Weekly Outlook – A Make-or-Break Moment Approaches
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As July comes to a close, I’m closely watching $XRP—because this week could be a defining one. Whether you're a long-term holder or short-term trader, the next few days demand attention.
🔍 Why This Week Matters
1. SEC Meeting – July 31:
Ripple’s legal battle with the SEC isn’t over just yet. A closed-door SEC meeting is scheduled for July 31, and while no guarantees exist, there’s strong speculation that Ripple’s case may surface on the agenda. Any hint of clarity—positive or negative—can become a catalyst. Historically, legal developments around XRP have triggered sharp price movements.
2. ETF Speculation Heating Up:
There’s buzz in the market that a major institution—possibly even BlackRock—is eyeing an XRP spot ETF. While unconfirmed, this kind of speculation has been enough to inject fresh optimism into the market and push demand higher.
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📊 Technical Analysis: Bulls Still in Control
At the time of writing, $XRP is holding firm around the $3.23 mark. Price action remains decisively above major moving averages, suggesting sustained bullish momentum. On-chain data also shows healthy volume and liquidity—clear signs of institutional interest and long-term accumulation.
The current range keeps XRP above strong support zones, giving the bulls some breathing room even if short-term volatility kicks in.
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🔮 My Price Outlook
Based on my models and sentiment tracking, I’m anticipating a modest upside to $3.28 by week’s end—around a 5% gain from current levels. However, if momentum builds—especially post-SEC update—we could see a breakout toward the $3.60–$3.80 range.
Some extended bullish projections even eye $6–$8 targets in the medium-term if ETF news or br
oader crypto momentum aligns.