TL;DR: XRP is doing that thing where it either makes you rich or gives you a headache. Or both.
- An analyst with a name that sounds like a medieval ruler says XRP could hit $7. Because why not?
- Over 700 million XRP tokens fled Binance faster than a wizard running from paperwork. Less selling pressure, more mystery hoarding.
- XRP’s NVT ratio shot up 44% in 24 hours. Translation: the price is sprinting ahead while the actual usage is still tying its shoelaces.
- Ripple is waiting for the SEC to stop being cryptic about XRP’s legal status. Spoiler alert: bureaucracy moves slower than glaciers on a lazy Sunday.
Ah, XRP. The cryptocurrency equivalent of a rollercoaster designed by someone who hates seatbelts. After a sluggish start to the year, it decided July 2025 was the perfect time to remind everyone it exists, surging 70%. This follows a November 2024 breakout that made people briefly consider quitting their jobs to become full-time crypto traders. At press time, XRP was trading at $3, which is impressive until you remember it once cost less than a cup of coffee. Over the past week, though, it dropped just over 4%, proving that even digital coins have mood swings.
Cue Crypto King (not to be confused with the Burger King mascot), who declared that XRP has escaped a downtrend lasting longer than most TV series. He predicts it could reach $7, which would make current holders very happy-or very suspicious. Because if there’s one thing we’ve learned about crypto, it’s that predictions are worth exactly what you paid for them. Which is usually nothing.
“$XRP has been proving its place in the market for a long time.”
“It stayed in a downtrend from July 2024 to November, but after that, it broke out and gave a strong return of about 585 percent.”
“The first two quarters of 2025 were again slow, but after the July breakout, $XRP has…”
– Crypto King (@CryptoKing4Ever) August 6, 2025
Meanwhile, data from CryptoQuant reveals that XRP exchange reserves took a nosedive, dropping from 3.02 billion to 2.3 billion between July 24 and August 7. Why? Because apparently, people prefer holding onto their tokens rather than letting exchanges gamble with them. Who knew? A lower supply on exchanges means less selling pressure, which sounds great until someone reminds you that markets are chaotic and unpredictable.
Oh, and let’s talk about the NVT ratio-a fancy term for “is this price justified?” In the last 24 hours, XRP’s NVT ratio jumped 44% to 225. For those keeping score, this means the price is growing faster than the actual use of the token. Imagine buying a ticket to a concert only to find out the band hasn’t practiced in months. That’s XRP right now.
And then there’s the legal drama. Ripple vs. the SEC: the courtroom saga that makes soap operas look tame. The SEC is supposed to respond to Ripple’s request to drop its appeal on August 7 at 03:00 UTC. If they do, XRP might finally get the green light in the U.S., unlocking $125 million in escrow funds and allowing Ripple to unleash over 1,700 contracts. Meanwhile, SBI Holdings wants to launch an XRP ETF, because why stop at chaos when you can add complexity?
So, will XRP hit $7? Will the SEC suddenly develop a sense of humor? Will anyone actually read all these reports? Tune in next week-or next year-for answers. Probably.
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2025-08-07 11:55