XRP Surges, Dips, and Drama Unfolds: Will Senate Save Crypto’s Bridget Jones Moment?

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TL;DR (For Those Who Only Read Summaries While Snacking):

  • Ripple’s dapper CEO is summoned to Senate. Lawmakers, possibly even awake, will debate: Is XRP a commodity, a security, or the world’s best excuse for a heated argument?
  • XRP’s price does its best “Look at me, I’m an inverse head and shoulders!” Analyst predicts breakout, possibly just emotional.
  • Judge says “No, darling” to Ripple and SEC’s request to settle and move on with their lives. Senate hearing + Crypto Week threaten to decide XRP’s fate, assuming anyone can agree what “crypto” means by Friday.

Ripple’s Brad Garlinghouse: Putting the Senate on Edge (and Suits on Display 😏)

Brad Garlinghouse, Ripple CEO and potential Bond villain-in-training, is all set to testify before the Senate Banking Committee on July 9. The hearing comes with a title so grand (“From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets”) you’d think it was a TED Talk, or possibly a self-help book.

Brad, ever the social media enthusiast, confirmed he’ll be there via X (Twitter, for those still in denial about rebranding), determined to untangle U.S. crypto regulation while wearing a very expensive jacket. He’ll share the stage with digital asset types who likely disagree about everything except lunch options.

“I am honored to be invited…,” said Garlinghouse, failing to mention if he’s packed snacks or just copies of the CLARITY bill to toss out like confetti.

— Brad Garlinghouse (@bgarlinghouse) July 7, 2025

XRP Price: Doing Gymnastics, with a Side of Drama 🤸‍♂️

XRP leapt to $2.35 on July 7, as if it heard someone say “bull market” at a party. Over 182 million XRP changed hands in a day—impressive, until you realize it dropped back to $2.26, sporting a tiny 0.3% hangover.

Crypto analyst Ali Martinez, still optimistic, shouted into the void (a.k.a X):

“$XRP is breaking out!” Translation: This chart pattern means good things. Maybe. Unless it doesn’t.

— Ali (@ali_charts) July 7, 2025

Naturally, everyone is breathlessly speculating about what happens after the Senate hearing. Will the CLARITY bill sort things out, or will XRP’s legal status remain about as clear as Bridget Jones after a night out?

Ripple v. SEC: Less ‘High Noon,’ More Unfinished Soap Opera 🎬

Brad’s Senate highlight comes just after Ripple decided to withdraw its cross-appeal against the SEC, following Judge Analisa Torres’s ruling that XRP’s secondary market sales aren’t unregistered securities. $125 million penalty remains, which would buy a lot of wine and even more legal pads.

Efforts to settle fizzled when the court said, “Nice try, but no.” Judge Torres insists she’s the only one allowed to rewrite her own rulings, in case anyone wondered who’s boss.

Crypto Week: More Meetings. More Bills. Bring Biscuits 🍪

Meanwhile, July 14 launches “Crypto Week”—three new bills and more roundtables than a sofa showroom. The House aims to define what a stablecoin is, what market structure means, and whether central banks should join in the digital currency drama.

The CLARITY bill could save XRP’s reputation, or just confuse everyone further. If XRP graduates from “unclassified asset” to “actual commodity,” it’ll get CFTC oversight and possibly a commemorative mug. Everyone else … well, back to endless suspense and memes.

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2025-07-08 13:33