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The XRP price has dropped 2% in the last 24 hours to trade at $2.22 as of 3:42 a.m. EST on a 15% drop in trading volume to $3.3 billion.
The price drop comes as Ripple CEO Brad Garlinghouse is slated to testify before the US Senate Banking Committee on July 9:00 at 10 a.m. EST in a landmark hearing on crypto market structure.
The hearing will cover the Clarity Act, aiming to bring regulatory certainty to the digital asset space.
Also testifying: CEOs from Chainalysis, Blockchain Association, and Paradigm. This could be a game-changer for XRP, Ripple’s flagship crypto and the market is buzzing with speculation.
XRP Price Targets A Breakout Ahead Of Crypto Market Structure Hearing
The chart shows XRP on a 1-day timeframe, and right now, the asset is trading at $2.22, down a measly 2.2%, per CoinGecko. The price action’s been volatile lately as XRP has been trending inside a falling channel but recently broke out.
The Bollinger Bands are contracting, which is usually a signal that the price is about to explode in a given direction. If that direction is up, XRP is looking at a 16% short-term surge. Conversely, if that direction is down, XRP could tumble to $1.75.
The Relative Strength Index (RSI) sits at 52.43, a neutral territory, neither overbought nor oversold. This means there’s room to run if sentiment shifts.
The Chaikin Money Flow (CMF) below the RSI is at 0.02, showing positive money flow into XRP, with no strong buying or selling pressure. However, the CMF is slightly dipping, signaling that positive money inflow is slowing down and may soon enter the negative zone.
XRPUSDT Analysis Source: Tradingview
With Garlinghouse headed to Capitol Hill, expect talks on regulatory clarity, in which XRP has been tangled for years. A favorable outcome could further legitimize crypto and XRP, boosting institutional adoption and pumping the prices.
Analysts are eyeing a short-term target of $2.50-$2.80 if the hearing goes smoothly. In the long term, if this hearing results in a win for the future of crypto legislation in the US, $4.00 isn’t off the table by year-end as the entire market explodes.
However, there are risks; a regulatory curveball could slam crypto in general, pushing the XRP price back to $1.75 support.
Bitcoin Hyper Brings The Next Big Leap For BTC – Next 100X Crypto?
As the XRP price struggles to break above resistance, investors are getting attracted to Bitcoin Hyper (HYPER), a new Layer-2 project that’s bringing lightning speed to Bitcoin, without sacrificing its rock-solid security.
Launched in May 2025, its presale has already pulled in over $1.9 million, and it’s easy to see why: Bitcoin Hyper aims to fix Bitcoin’s biggest headaches (slow transactions and high fees) while opening the door to exciting new possibilities like decentralized apps (dApps) and meme coins.
Bitcoin’s great at holding value, with its price sitting at $108,828 after a ceasefire between Iran and Israel boosted market confidence. But waiting 10 minutes for a transaction or paying $15 to send $50 isn’t practical for everyday use.
Bitcoin Hyper is here to supercharge Bitcoin.
Built on the Solana Virtual Machine, it brings lightning-fast, low-cost transactions to Bitcoin’s ecosystem perfect for payments, meme coins, and powerful dApps.
With zk-proofs and Layer 1 anchoring, it’s fast and secure.
Presale is… pic.twitter.com/qMi0sZb7Ld— halo (@haloETH) May 11, 2025
Bitcoin Hyper steps in with a solution, using the Solana Virtual Machine (SVM) to process transactions in seconds, not minutes, and slashing fees to a fraction of the cost. It’s like giving Bitcoin a turbo boost without messing with its core strength.
Here’s how it works: users deposit Bitcoin into a decentralized bridge, get a wrapped version on Bitcoin Hyper’s Layer-2 token, and then use it for fast, cheap transactions or to interact with smart contracts.
When done, they can swap back to regular Bitcoin. This setup keeps Bitcoin’s security intact while letting it play in the high-speed world of DeFi, trading, and more.
Analysts are hyped, and among them is crypto YouTuber, Borch Crypto, with over 91.6k subscribers, who has predicted HYPER might be a 100x crypto post-launch.
Aside from powering transactions, HYPER token comes with staking rewards of up to 410% APY, and gives holders a stake in Bitcoin’s next chapter. The presale’s transparency (no shady VC deals or private rounds) has won over investors, with over 128 million tokens already staked.
Currently priced at $0.012125 in presale, you can buy with ETH, USDT, BNB, or even a credit card on the project’s website.
With the price set to hike in about 8 hours, investors will want to hurry.
Visit the Bitcoin Hyper website.
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