XRP Up 1.5% Despite 'Capitulation Bottom' Warning: What Is Happening?
As XRP (CRYPTO: XRP) is battling to stay above $1, pro-crypto attorney John Deaton said XRP holders played a meaningful role in Ripple’s landmark legal victory against the SEC. ‘Happy XRP is not a security day’ In an X post on July 14, Deaton said the court cited his amicus brief, nearly 4,000 affidavits submitted by XRP holders, and an oral argument he made in the LBRY case regarding secondary-market sales of digital assets. He also noted that his brief argued that the token is merely digital code regardless of how it may have been marketed. Judge Torres ultimately ruled that XRP itself is not a security, a conclusion Deaton said aligned with that argument. Ripple chief legal officer Stuart Alderoty also celebrated on X stating, "Happy XRP IS NOT A SECURITY DAY!" Vet, an XRP Ledger validator, also noted that the legal win led to a more crypto friendly administration and i...
As XRP (CRYPTO: XRP) is battling to stay above $1, pro-crypto attorney John Deaton said XRP holders played a meaningful role in Ripple’s landmark legal victory against the SEC. ‘Happy XRP is not a security day’ In an X post on July 14, Deaton said the court cited his amicus brief, nearly 4,000 affidavits submitted by XRP holders, and an oral argument he made in the LBRY case regarding secondary-market sales of digital assets.
He also noted that his brief argued that the token is merely digital code regardless of how it may have been marketed.
Judge Torres ultimately ruled that XRP itself is not a security, a conclusion Deaton said aligned with that argument.
Ripple chief legal officer Stuart Alderoty also celebrated on X stating, "Happy XRP IS NOT A SECURITY DAY!" Vet, an XRP Ledger validator, also noted that the legal win led to a more crypto friendly administration and it was the "beginning of the end of the previous SEC war on crypto." Japan remains one of XRP’s strongest markets, supported by regulatory clarity, significant institutional participation and one of the world’s largest XRP holder communities.
Doppler Finance announced a strategic partnership with SBI Digital Finance to expand institutional XRP finance in Japan.
The main goal is to develop compliant XRP-based financial solutions for institutional investors.
Potential Capitulation Bottom In a podcast on July 13, crypto analyst Cryptoinsightuk highlighted elevated open interest, positive funding rates and geopolitical uncertainty as possible triggers for XRP to briefly fall below $1, targeting the $0.925-$0.95 range.
However, the analyst views such a move as a potential capitulation bottom rather than the beginning of a deeper downtrend.
Strong support around $0.95 and relatively limited liquidity below that level could pave the way for a rebound toward $1.70-$1.80.
While a decline to $0.63 remains possible, the analyst considers it a lower-probability scenario.
Image: Shutterstock