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The XRP price suffered a slight drop in the past 24 hours to trade at $2.25 as of 11:19 p.m. EST as some traders start to short the crypto.
That small decrease comes as Ripple CEO Brad Garlinghouse gets invited to testify in front of the Senate Banking Committee tomorrow on the need for passing crypto market structure legislation.
I am honored to be invited to testify in front of the Senate Banking Committee this Wednesday on the need for passing crypto market structure legislation. Thank you to @BankingGOP Chairman @SenatorTimScott, @SenLummis and @SenRubenGallego (as leaders of the Subcommittee for…
— Brad Garlinghouse (@bgarlinghouse) July 7, 2025
XRP Price Consolidates
Daily chart for XRP/USD (Source: GeckoTerminal)
The XRP price has traded within a sideways channel between $2.1683 and $2.3814 over the past few days, according to data from GeckoTerminal. Should the altcoin fall below $2.1683 within the next 24 hours, it could be exposed to the risk of plunging all the way down to $1.9873 in the short term if the bearish pressure persists.
Conversely, a break above the resistance at $2.3814 could open up the room needed for the XRP price to rise 8% to the next major technical barrier at $2.5944.
Bulls Slowly Losing Their Grip On The XRP Price
From a technical standpoint, indicators on the daily chart such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) warn the XRP price might drop in the next 24 hours.
That’s as the MACD line started falling towards the MACD Signal line in the past 24 hours. Traders usually see the current alignment of the two indicators as a sign of bullish momentum. However, the narrowing gap between the lines suggests XRP’s momentum is starting to cool off.
The RSI has also started to slope downward slightly, which might be an early warning sign of diminishing buyer strength. While the latest reading just above 50 indicates buyers have a minor upper hand over sellers, the RSI’s negative slope coupled with the weakening bullish momentum signaled by the MACD could lead to a bearish shift in power soon.
As XRP price technicals start to show bearish signs, investors are piling into the presale for Best Wallet (BEST). Popular YouTube channel 99Bitcoins, which has over 723K subscribers, says BEST has the potential to soar 10X after its launch.
The Only Wallet Investors Will Ever Need Has Hit The Market
Best Wallet is a non-custodial crypto wallet that entered the market late last year and is already taking the crypto space by storm.
Its growth in the market is partly due to its range of useful features, which include a native DEX, an in-app staking solution and so much more. All of these features come with support for over 60 blockchains and the thousands of cryptos hosted on them.
Users can import their wallets from across the Web3 ecosystem into the app as well. Gone are the days of portfolios being scattered all over the place. Best Wallet also comes with advanced security, ensuring Fort-Knox-level protection for users’ digital assets. Not only are wallet keys not stored on a central server, the app also comes with biometric scanning and 2FA.
Of all the features Best Wallet has to offer, its “Upcoming Tokens” section is gaining a lot of interest. The feature flags high potential cryptos that are still in their presale stages, and has already proven its worth after identifying Catslap (SLAP) and Pepe Unchained (PEPU). Both tokens have printed massive gains for early investors.
BEST token holders unlock additional benefits as well, including higher staking rewards, lower transaction fees, early access to new projects, and the ability to participate in Best Wallet’s governance.
Best Wallet Presale Closes On $14 Million
With all of the functionality Best Wallet has to offer, it’s no surprise that investors have flocked to the project’s ongoing presale. So far, the ICO has raised more than $13.7 million in early-stage funding.
Interested investors can purchase BEST via the simple widget embedded on the project’s website using either crypto or bank card. The token is currently selling for $0.025295. However, BEST’s price will increase as the presale progresses, with the next ICO price hike scheduled for around 17 hours. So, investors will want to hurry in order to lock in the best deal.
Once purchased, tokens can also be put to work through the project’s presale staking program, which currently offers a 100% APY.
Visit the official Best Wallet website.
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