XRP Price Prediction: Key Events Intensifying in the Next 48 Hours, Big Pump or Big Dump? Crypto Assets Mortgage Legislation Draws Attention

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XRP investors face a critical 48 hours! The U.S. President's Digital Asset Market Working Group report (which may support XRP as a strategic reserve asset for the U.S.) and the SEC's closed-door meeting vote on the Ripple case appeal will trigger significant fluctuations in XRP prices. Meanwhile, the "21st Century Mortgage Act" allows Crypto Assets to be used for housing loans, while Bitcoin is constrained by the Fed's interest rate decisions and the flow of funds into Spot ETFs. This article will analyze the short-term price prospects, key catalysts, and potential trading strategies for XRP and BTC.

XRP Faces a Critical 48-Hour Window: Fluctuation May Surge

XRP investors need to fasten their seatbelts, as two major events in the next 48 hours (July 30-31) may trigger severe fluctuations in the market.

Presidential Task Force Report: XRP Strategic Reserve Expectations Heat Up (7 July 30 ) The U.S. President's Working Group on Digital Assets will release its first report on July 30 (Wednesday). The report may support XRP as a strategic reserve asset for the U.S. If the U.S. government decides to include XRP in its national cryptocurrency reserves for purchase, it will significantly change the supply and demand balance of XRP, driving its price to break historical highs.
SEC Closed-Door Meeting: The Fate of the XRP Case Appeal Revealed (7 July 31 ) The U.S. Securities and Exchange Commission (SEC) will hold its weekly closed-door meeting on July 31 (Thursday) and may vote on whether to withdraw the appeal against the Ripple case. If the vote supports abandoning the appeal, it will end this protracted legal battle and may accelerate the approval process for the XRP Spot ETF.

Market Reaction Forecast:

Bullish Combination Punch: If the U.S. government announces the establishment of an XRP reserve, combined with institutional funds pouring in through the XRP Spot ETF, the XRP price is expected to soar to unprecedented heights.
Bearish Combination: If the report does not mention XRP as a strategic reserve asset, and the SEC appeal vote is postponed again, market sentiment will suffer a severe blow.

The 21st Century Mortgage Act: Cryptocurrency Advances into the U.S. Real Estate

On July 29, Senator Cynthia Lummis introduced the "21st Century Mortgage Act." This act will allow lending institutions to consider encryption as an asset, used to assess the qualifications of borrowers applying for Fannie Mae and Freddie Mac-backed single-family home loans.

Senator Lummis emphasized: "The American dream of homeownership is unattainable for many young people. This legislation embraces innovative pathways to wealth accumulation, acknowledging that an increasing number of young Americans hold digital assets. We are in a digital age, and government agencies should not penalize innovation but evolve to meet the needs of a modern, forward-looking generation."

This bill comes on the heels of PayPal's announcement of the "Pay with Crypto" feature, which allows users to make international encryption remittances at a lower cost, enhancing the practicality of crypto asset payments.

XRP Price Outlook: Multiple Catalysts in Focus

On July 29 (Tuesday), XRP rose slightly by 0.24%, closing at $3.1298, partially recovering from the previous trading day's decline of 3.64%, outperforming the overall crypto market (which fell slightly by 0.24%, with a total market capitalization of $3.82 trillion).

The short-term price outlook for XRP depends on the following key catalysts:

President's digital asset market working group report content.
SEC's voting results on the appeal of the XRP case.
Progress related to the XRP Spot ETF.
Ripple's progress in obtaining a banking license in the United States.
News related to the SWIFT system.
Legislative Progress: The progress of the "CLARITY Act" and the "21st Century Mortgage Act" in Congress.

Technical Analysis:

Upward Path: If it can break through the July 28 high of $3.3302, the bullish target can look towards the psychological level of $3.5. If it continues to stay above $3.5, it may challenge the historical high of $3.6606 set on July 18.
Downside Risk: If it falls below the support level of 3 dollars, it may further test the level of 2.8 dollars. Keep a close watch on XRP price fluctuation and breakout signals.

Bitcoin under pressure: Waiting for the Fed's decision

Despite the rise of XRP due to expectations of the Ripple case potentially concluding, Bitcoin (BTC) has further retreated from its historical high of $122,055. The uncertainty surrounding the Fed's monetary policy outlook has suppressed the demand for risk assets, including BTC. The Nasdaq Composite Index ended a four-day winning streak, and the S&P 500 Index also halted a six-day gain.

If the Fed adopts a more hawkish interest rate stance, the rising borrowing costs may affect corporate profits and stock prices. Higher consumer loan interest rates may also suppress the credit demand for purchasing risk assets such as BTC.

The impact of US BTC Spot ETF capital flows on market sentiment

On July 28, the US BTC Spot ETF recorded net inflows for the fourth consecutive trading day, totaling $157.1 million. The strong demand for the Spot ETF supported BTC buying and buffered the downward pressure. However, the outflows that occurred on July 29 may dampen market sentiment ahead of this week's Fed interest rate decision and Chairman Powell's press conference.

According to Farside Investors data, the main ETF fund flow on July 29:

Grayscale Bitcoin Trust (GBTC): Net outflow of $49 million.
Bitwise Bitcoin ETF (BITB): Net outflow of $26.2 million.
ARK 21Shares Bitcoin ETF (ARKB): Net outflow of $8.2 million. While waiting for BlackRock's iShares Bitcoin Trust (IBIT) data, the total outflow of the US BTC Spot ETF has reached $83.4 million, potentially ending a four-day trend of net inflows.

BTC Price Outlook: Data, Fed, ETF Flows Take Center Stage

On July 29 (Tuesday), BTC slightly fell by 0.12%, closing at $117,925, continuing the previous trading day's decline of 1.12%.

The short-term price outlook for BTC depends on the following key factors:

Signals from the Fed's interest rate decision and press conference (Interest Rate Policy Direction).
The presidential working group's position on BTC as a strategic reserve asset.
BTC Spot ETF capital flow (Institutional capital direction).
Progress of the CLARITY Act in Congress.

Potential Scenario Analysis:

Bearish Scenario: Legislative hurdles, warnings from the U.S. government against hoarding BTC, a hawkish stance from the Fed, and continued outflows from ETFs. Multiple factors combined could drag BTC down to $115,000, potentially testing the support of the 50-day Exponential Moving Average (EMA).
Bullish Scenario: Progress on the CLARITY Act, government support for Bitcoin strategic reserves, a dovish stance from the Fed, and a revival of inflows into ETFs. In this scenario, BTC is expected to attempt to reach the historical high of $122,055 again.

Key Drivers Investors Need to Continuously Monitor

The following factors will determine whether XRP and BTC can reach new historical highs:

XRP Case Progress: Pending SEC appeal vote results (SEC Regulatory Dynamics).
Presidential Working Group Report: Recommendations on the strategic reserve of Crypto Assets (National Reserve Policy).
Legislative Dynamics: The advancement of the "CLARITY Act" and the "21st Century Mortgage Act" in Congress (Crypto Assets Regulatory Framework).
Fed's Forward Guidance: Hawkish or dovish signals from interest rate policy (Impact of the macro environment).
ETF Market Capital Flow: The trend of capital flow is crucial for the supply and demand balance of BTC (Institutional Demand Indicator).

Conclusion: The next 48 hours are crucial for XRP, as the presidential working group's report and the SEC voting results will directly influence its price volatility, with a directional choice imminent. Bitcoin, on the other hand, needs to digest the impact of the Fed's interest rate decision and the capital flow of spot ETFs. At the same time, positive legislative signals such as the "21st Century Mortgage Act" open new paths for crypto assets in mainstream financial applications (such as crypto mortgages), constituting long-term potential benefits. Investors should closely monitor the developments of these key events, flexibly adjust their trading strategies, and manage the crypto asset investment risks effectively.

XRP1.78%

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