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- ๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Jul 08, 2025 04:00 UTC
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Ripple Price Prediction as CEO Brad Garlinghouse Heads to Senate For Crypto Hearing
Ripple CEO Testifies Before Senate: Brad Garlinghouse to address the U.S. Senate Banking Committee, urging clear crypto regulations.
XRP Price at Critical Juncture: XRP eyes breakout above $2.36 but faces risk of a bearish wedge pattern pulling it back to $2.16.
Ripple is back in focus this week as CEO Brad Garlinghouse prepares to testify before the U.S. Senate. The hearing, scheduled for Wednesday, will discuss the future of cryptocurrency regulations in the country.
Garlinghouse shared his excitement on social media, saying heโs honored to speak before the Senate Banking Committee about the need for clear crypto market rules. He thanked Senators Tim Scott, Cynthia Lummis, and Ruben Gallego for their leadership in supporting digital assets.
The timing is important, as lawmakers are also reviewing other crypto-related bills, including one for stablecoins and another focused on market structure for digital assets. If approved, these bills could provide much-needed clarity for the U.S. crypto industry.
XRP Price Prediction: Whatโs Next?
Meanwhile, XRPโs price has been showing some bullish signs. On the 12-hour chart, XRP recently found support at around $2.20 and is now eyeing a key resistance zone between $2.31 and $2.35. However, the price has struggled to break above it several times in the past.
If XRP manages to close above $2.36 on the daily chart, it could open the door for a move toward $2.44 in the short term, with a stronger resistance waiting between $2.60 and $2.65, a range last seen in mid-May.
However, analyst Josh of Crypto World also warns that XRP might be forming a rising wedge pattern, which statistically tends to break to the downside. If this happens, XRP could drop back toward $2.20 or even $2.16-$2.17.
The broader crypto market is still in an accumulation phase, with large investors quietly buying XRP while prices remain stable. If global liquidity continues to rise and crypto legislation moves forward, XRP could be well-positioned for a stronger rally.
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FAQs
To push for clear U.S. crypto regulations and support new legislation on digital assets.
XRP currently trades between $2.20โ$2.30, testing resistance and forming potential patterns.
A break above $2.36 could push XRP to $2.44โ$2.65; otherwise risk pullback to $2.16โ$2.20.
Yes 
No 
