On July 8, the Coinbase-backed lobbying coalition and a consortium of crypto enterprises urged U.S. House representatives to expedite the passage of the CLARITY Act, aiming to establish a definitive
XRP price started a strong upward move above the $2.250 zone and tested $2.35. The price is now correcting gains below the $2.30 level. XRP price started a fresh increase above the $2.250 zone. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2.2650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $2.240 zone. XRP Price Fails To Retains Gains XRP price started a fresh increase after it settled above the $2.250 level, beating Bitcoin and Ethereum . The price was able to climb above the $2.2850 resistance level. The bulls were able to push the price above the $2.30 level. However, the bears remained active near the $2.350 zone. The price faced rejection and started a fresh decline. It declined below the 50% Fib retracement level of the upward move from the $2.205 swing low to the $2.353 high. Besides, there was a break below a bullish trend line with support at $2.2650 on the hourly chart of the XRP/USD pair. The price is now trading above $2.250 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.280 level. The first major resistance is near the $2.2880 level. A clear move above the $2.2880 resistance might send the price toward the $2.320 resistance. Any more gains might send the price toward the $2.350 resistance or even $2.3650 in the near term. The next major hurdle for the bulls might be $2.40. More Losses? If XRP fails to clear the $2.2880 resistance zone, it could start another decline. Initial support on the downside is near the $2.250 level. The next major support is near the $2.240 level and the 76.4% Fib retracement level of the upward move from the $2.205 swing low to the $2.353 high. If there is a downside break and a close below the $2.240 level, the price might continue to decline toward the $2.220 support. The next major support sits near the $2.20 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.250 and $2.240. Major Resistance Levels – $2.2880 and $2.320.
Ethereum spot ETFs experienced a significant net inflow of $62.11 million in the last 24 hours, reflecting robust investor confidence in the digital asset. Notably, all nine tracked ETFs reported
The post Ripple Price Prediction as CEO Brad Garlinghouse Heads to Senate For Crypto Hearing appeared first on Coinpedia Fintech News 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 he’s 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: What’s Next? Meanwhile, XRP’s 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.
Bitcoin has continued to trade within a tight range just below its previous all-time high, showing recent signs of upward movement but falling short of reclaiming its peak price. The asset recorded a seven-day high of $110,307, but it has since cooled, with current trading levels around $108,311, representing a slight 0.3% drop over the last 24 hours. While the broader market maintains cautious optimism, several indicators suggest that market participants remain split on where Bitcoin is headed next. Related Reading: Are Bitcoin Retail Traders Back In The Market? On-Chain Data Suggests So Bitcoin Shorts Increase on Binance Despite Price Climb Despite the price strength seen in recent days, certain signals hint at increasing friction between bullish price action and bearish positioning from traders. According to a recent analysis by CryptoQuant contributor BorisVest, Bitcoin’s rise is being met with a counterintuitive decline in funding rates on Binance, the largest crypto exchange by volume. This trend could play a crucial role in shaping short-term market behavior. BorisVest noted that as Bitcoin consolidates within the $100,000 to $110,000 range, funding rates on Binance have gradually declined. This suggests that a significant number of traders are taking short positions—essentially betting that Bitcoin’s rally will soon reverse. The analyst explained that this behavior indicates skepticism about the sustainability of the recent price gains, particularly among retail and leverage-focused traders. “The declining funding rates show that users on Binance are increasingly shorting Bitcoin,” he explained. “This dynamic often creates forced exits as short positions come under pressure, leading to liquidations or forced margin increases. These events can further propel upward price movement as positions get closed out automatically.” Given Binance’s dominance in trading volume, BorisVest emphasized that its funding rate trend serves as a strong proxy for overall market sentiment. If current positioning continues, the market may see a short squeeze, which could accelerate Bitcoin’s momentum toward new highs. On-Chain Metric Flags Caution as NVT Golden Cross Edges Higher While futures market dynamics are drawing attention, on-chain data is also showing signs worth monitoring. Another CryptoQuant analyst, Burak Kesmeci, highlighted the movement of Bitcoin’s NVT Golden Cross metric, a tool used to assess market value in relation to on-chain transaction volume. This metric has historically signaled local tops when it moves above specific thresholds. In his analysis, Kesmeci pointed out that the NVT Golden Cross successfully identified three prior short-term peaks in 2025, each followed by corrections ranging from 9% to over 20%. Related Reading: Bitcoin Exchange Outflows Continue To Rise: Investor Confidence At An All-Time High? The metric currently sits at 1.98, below the 2.2 threshold that has often indicated overheated market conditions, but is trending upward. “While the current level isn’t yet in the danger zone,” Kesmeci wrote, “its upward trajectory could be an early warning that price momentum is beginning to overextend.” However, the analyst cautioned against interpreting the signal as immediately bearish. In previous cases, the NVT Golden Cross remained elevated for several days before a correction followed. This behavior may instead point to continued strength among bulls, at least in the medium term, even if a near-term pullback remains possible. Featured image created with DALL-E, Chart form TradingView
US crypto industry leaders and advocacy groups are urging House lawmakers to pass the CLARITY Act, a pivotal bill aimed at clarifying regulatory oversight by assigning most crypto policing to
On July 8, DigitalX, a prominent Australian crypto asset manager, secured a strategic investment totaling 20.7 million Australian dollars (around 13.48 million USD) from leading institutional backers such as Animoca
US House lawmakers have been urged by 65 crypto organizations to pass the CLARITY Act, which would hand most policing of crypto to the CFTC.
Apple is intensifying its legal push to overturn a ruling that could force the company to stop selling certain Apple Watch models with blood oxygen monitoring features in the US. The tech behemoth urged the US Court of Appeals for the Federal Circuit to reverse a 2023 US International Trade Commission (ITC) determination that Apple had infringed on patents of medical device producer Masimo. Due to their use of pulse oximetry technology, the ruling could effectively ban imports of the Apple Watch Series 9 and Ultra 2, two of Apple’s latest models. Apple attorney Joseph Mueller of WilmerHale said the ITC ruling had a devastating impact on Apple Watch users. He said millions of Apple Watch users were blocked from a popular health feature. Mueller also contended that Masimo’s product was still in the prototype stage when the lawsuit was filed in 2021. The clash concerns the blood-oxygen sensor Apple rolled out with its Series 6 watches in 2020. Masimo said that Apple copied this technology after it had been informed about it during discussions ahead of past collaboration. Masimo defends its patent victory Masimo, a California-based medical technology company, has accused Apple of using unfair practices to gain an edge in the emerging market for health-related wearable devices for years. Apple was in talks with Masimo in 2013 to collaborate on health monitoring features. Still, instead of coming to terms with it, Apple reportedly snapped up some of Masimo’s staff and brought Masimo’s pulse oximetry technology in-house, Masimo says. Masimo introduced its smartwatch, the W1, in 2022 after Apple introduced its models with blood-oxygen tracking. However, Masimo insists that its intellectual property was violated months before the W1 was released. Two years later, the ITC sided with Masimo in a decision that Apple violated its patents. In late December 2023, the ruling resulted in a brief cessation of Apple’s ability to sell its most current watch series in the US. Apple promptly requested a temporary block on the ban, allowing it to continue sales. However, the court reinstated the ban in January 2024, prompting Apple to strip the blood-oxygen-sensor feature from the models in question in the US. Masimo’s attorney, Joseph Re of Knobbe Martens Olson & Bear, said the ITC ruling was justified. He argued that Apple was trying to rewrite the law by claiming that a final, market-ready product must exist to enforce a patent violation. He added that this was not how patent protection works. Judges scrutinize fairness of the ITC ruling At an appeals court, a three-judge panel indicated a strong interest in the timing of events. At the heart of the preliminary investigation was whether Masimo had a product with adequate standing to trigger the ITC’s trade-related enforcement capabilities in 2021. Apple had argued the ban was unjustified because Masimo possessed only prototypes at that point. Apple argues that the ITC’s trade protection rules are intended to stop unfair competition with real products, not ideas that aren’t real yet. Masimo pushed back, contending that its domestically produced rival was sufficiently advanced that there wasn’t even close to what the statute calls an “end product” and that the agency doesn’t need a finished product for it to act. The judges did not rule immediately, but they hammered both sides with rapid-fire questions about product readiness, patent rights, and how to balance protecting innovation and encouraging consumer access. The court’s ultimate decision could create an important precedent for resolving patent disputes when emerging technologies coincide. Should the court rule in Apple’s favor, it could hamper the ability of companies like Masimo to wield the ITC to block imports of partially developed devices. If the ban is upheld, tech companies may have to reconsider how they strike partnerships and leverage the innovation of third parties. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The executive's departure signals intensifying competition for elite talent and deepens concerns over Apple's generative AI strategy.