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The XRP price dropped 2% in the last 24 hours to trade at $3.45 as of 7:04 a.m. EST on a 29% plunge in trading volume to $71 billion.
This XRP price drop comes after the SEC first approved, then quickly paused, Bitwise’s plan to turn its crypto index fund into a spot ETF.
According to SEC Assistant Secretary Sherry Haywood, the “order is stayed until the Commission orders otherwise,” and the “Commission will review the delegated action.”
💥 BREAKING:
SEC PAUSES BITWISE 10 CRYPTO INDEX ETF CONVERSION — FUND INCLUDES $XRP, $BTC, $ETH & MORE pic.twitter.com/vkNP63TsIg
— The Crypto Bull (@TheCryptoBull11) July 23, 2025
The fund holds assets like Bitcoin, XRP and Ethereum. The sudden reversal by the SEC caused confusion among investors, leading to more selling and a dip in XRP’s price.
XRP Price Breaks Out From A Bullish Continuation Pattern
The chart shows XRP/USD on the 3-day timeframe with the price currently hovering at $3.45, down 2.71%. The 50 Simple Moving Average (SMA) on the 3-day chart sits at $2.327, while the 200 SMA is at $1.311, indicating a potential support level.
The Relative Strength Index (RSI) is at 78.31, showing XRP trending firmly in the overbought territory, while the Moving Average Convergence Divergence (MACD) shows a recent bullish crossover. This mix suggests momentum is still alive, but there might be a pullback soon.
Zooming closer into the chart, the price action formed a falling wedge pattern over 216 days before breaking out on July 7, 2025.
XRPUSD Analysis Source: Tradingview
The upper resistance for the XRP price sits at $4.29, while support holds strong at $2.32. The breakout target is $5.32, which is a potential 51.7% pump from here if the bulls charge past $3.48.
However, those purple lines, which represent Fibonacci retracement levels, show XRP could find support around $1.64 (0.618 Fib) if bears drive down the price.
Will The XRP Price Break Its Previous ATH In August?
With the SEC’s approval-then-pause, the market’s in a state of limbo. Approval could legitimize XRP further, driving institutional FOMO and pushing prices toward that $4.29 resistance, or even $5.32 if hype goes wild.
The pause in itself is a red flag as it might spook weak hands (especially at the current critical level of $3.48), which could push the XRP price back to $2.36 or lower if panic sells hit.
Short term, traders can expect volatility. If the pause resolves with a full green light by August 2025, XRP could reach $4.00 to $5.5 by year-end. Long-term, if ETF flows kick in, $7 to $10+ isn’t off the table by mid-2026. But traders will want to watch that RSI, as the overbought levels signal a potential breather soon.
TOKEN6900 Presale Crashes Past $1M – Next Crypto To Explode?
As the XRP price slips, more investors are turning their attention to a new project called TOKEN6900 (T6900).
TOKEN6900 launched in June 2025 and has already raised over $1 million in its presale. It’s built on Ethereum as an ERC-20 token and is aiming for a $1.1 million target in this phase, with a $5 million cap overall.
Unlike other crypto projects that make big promises, T6900 is clear, it has no utility, no roadmap, and no fake claims. It’s all about 2000s internet vibes and meme culture, taking a fun jab at Wall Street and overhyped tokens.
🚨 Token6900 is now live in Best Wallet! 🚨@Token_6900 is a meme coin born to outpace TradFi — loud, fast, and built for the culture.
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🔍 Check out $T6900 in the Upcoming Tokens tabJoin now! 👉 https://t.co/mV4V8pg1Ei pic.twitter.com/rE7dDV3oQL
— Best Wallet (@BestWalletHQ) June 30, 2025
T6900 picks up where SPX6900 left off, the meme coin that soared by 47 million percent since 2023. But unlike tokens that promise big tech or financial revolutions, T6900 doesn’t pretend to be something it’s not.
It leans into 2000s internet nostalgia, think old-school Windows, dial-up tones, and wild meme energy. Built on what the creators call “Vibe Liquidity,” the project thrives on trader hype and online chaos. Its mascot? A retro clipart dolphin that screams early internet.
Grab T6900 Now And Earn 59% APY Through Staking
The presale offers 80% of its 930,993,091-token supply, while the team only gets 0.0007%, locked away for five years, proving they’re not here for a quick cash-out. In addition, audits from Coinsult and SolidProof add some peace of mind.
If you’re looking for passive income, staking offers a hefty 59% APY. Already, over 78 million tokens are locked in. That is why popular crypto YouTuber Jacob Bury, with over 57k followers, calls it a possible 100x gem.
T6900 is now selling for $0.006675, and you can grab it using ETH, USDT, BNB, or even a credit card on the official T6900 website.
But don’t wait too long, the price is set to increase in under 16 hours.
Visit the TOKEN6900 website to learn more.
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