On Jan. 23, 2025, U.S. President Donald Trump signed an executive order creating the Presidential Working Group on Digital Asset Markets. The order instructed the group to explore building a national reserve of digital assets. So far, the group has not named any specific cryptocurrencies.
The first Crypto Policy Report from the group is due July 22, exactly 180 days after the order. The document must include suggested regulations and laws supporting the order’s policy goals. XRP holders are watching to see if the token is listed as part of a potential national stockpile.
In June, XRP dropped 1.86% after expectations for that designation did not materialize. The upcoming report may bring clarity, especially after major U.S. crypto bills like the GENIUS Act, Clarity Act, and Anti-CBDC Surveillance State Act progressed rapidly through Congress.
The executive order states that the Working Group must deliver its findings to the APEP (American Presidential Economic Panel). The panel will review the group’s recommendations before any further action is taken at the federal level.
U.S. Government Holds Bitcoin, But No XRP Yet
According to blockchain analytics firm Arkham, the U.S. government held 198,012 BTC as of July 21, valued at $23.38 billion. The full federal crypto portfolio stands at $24.171 billion, showing Bitcoin as the primary holding.
No XRP appears in Arkham’s list of U.S.-controlled assets. The absence raises questions about whether the government plans to diversify into other tokens, especially ones like XRP that focus on cross-border transactions.
Arkham monitors wallet addresses tied to U.S. enforcement agencies, seizure funds, and public-sector entities. Institutions use its data for on-chain tracking.
The Working Group will examine whether to add more tokens—such as XRP—to the national reserve. If it leaves XRP out again, the federal government will miss another opportunity to formally recognize the asset.
SEC Still Silent on Ripple Appeal as July 24 Vote Nears
The Securities and Exchange Commission (SEC) has not provided a timeline for voting on whether to drop its appeal in the Ripple case. The next closed SEC meeting is set for July 24, one month after Judge Analisa Torres denied a joint motion for an indicative ruling.
The appeal stems from the judge’s 2023 ruling that Ripple’s programmatic XRP sales did not violate securities laws. If the SEC drops the appeal, both sides could file to dismiss. That would formally end a legal fight that began in December 2020.
No updates were issued last week from the SEC’s legal team. The agency’s decision is closely linked to the broader regulatory stance on cryptocurrencies. XRP remains at the center of this debate.
The recent Solana-spot ETF approval has shifted attention to similar XRP-based investment products. Legal clarity from the Ripple case could impact pending XRP-spot ETF applications, currently awaiting review.
The XRP community tracks two key events this week. The first is the Working Group’s report on July 22, which may mention XRP in reserve asset discussions. The second is the Securities and Exchange Commission (SEC) meeting on July 24, where the agency may decide whether to move forward with or drop its appeal in the Ripple case.
U.S. government records do not list XRP in any official digital asset reserve. The July 22 report may introduce a change in that position. The SEC has also not resolved XRP’s legal status, keeping the outcome of its next move under watch.
Analysts and investors monitor policy updates, XRP-linked ETF filings, and on-chain data for additional signals. The July 22 and July 24 developments hold potential to shape XRP’s regulatory environment going forward.
XRP Forms Bullish Pennant Pattern Ahead of July 24 SEC Meeting
On July 21, 2025, XRP/USDT formed a bullish pennant pattern on the 1-hour chart against the U.S. Dollar, based on Bitstamp data. The chart shows a strong upward move starting around July 16, followed by a tightening price range between two converging trendlines. These trendlines shape the triangle pattern, which typically signals a continuation of the prior upward trend.
A bullish pennant is a technical chart pattern that appears after a sharp price increase. It shows consolidation in a small symmetrical triangle, often followed by another strong upward move once the price breaks out of the pattern.
XRP currently trades at $3.51266, with the 50-period Exponential Moving Average (EMA) located at $3.46129. The EMA continues to act as a support line. The volume indicator shows a decline during the consolidation phase, which fits the expected structure of a bullish pennant. As of this update, the breakout point lies just above the upper resistance trendline, with a projected move toward $4.54578.
This potential move would represent a 29 percent increase from the current level. The measured target comes from adding the height of the initial flagpole to the breakout zone. The chart also shows volume beginning to pick up again, indicating increasing activity as traders anticipate the breakout.
The consolidation occurred right after a sharp rise from below $3.00 to over $3.50 on July 17–18. After reaching that high, the price began moving sideways within a narrowing range. The pennant formed as the price fluctuated slightly above the EMA line, suggesting ongoing market support without major breakdowns.
If XRP breaks above the upper resistance with a strong candle and rising volume, the chart would confirm the bullish pennant breakout. Such a move could coincide with developments expected from the Securities and Exchange Commission (SEC) meeting on July 24, where Ripple’s legal status may come up again.
Until that date, XRP’s position above the EMA and within the pennant’s apex remains critical. The 29 percent upside projection offers a technical target, but actual price movement will also depend on volume confirmation and external developments, including regulatory updates.
XRP RSI Chart Shows Rising Momentum Near Neutral Zone
On July 21, 2025, the 14-period Relative Strength Index (RSI) for XRP/USD reached 59.20, moving closer to the upper neutral zone. The RSI chart, taken from the 1-hour timeframe, shows a modest recovery from previous dips below 40. This shift suggests increasing buying pressure but still stays under the overbought level of 70.
The Relative Strength Index measures the speed and change of price movements. It ranges from 0 to 100. Traders often use it to assess whether an asset is overbought (above 70) or oversold (below 30). Values between 50 and 60 typically reflect balanced momentum or mild bullish bias.
Currently, XRP’s RSI sits just below the 60 mark, paired with a moving average line reading of 53.51. The two lines are separating again, showing that momentum is building on the bullish side. This shift follows the RSI’s recovery from a sharp low near 35 on July 20, when price activity slowed during consolidation.
The rising RSI matches the formation of the bullish pennant visible on the price chart. While the index does not guarantee movement, it adds confirmation that buyers are returning. During the last rally on July 17, the RSI also moved above 65, showing that previous bullish conditions matched price gains.
This upward trend in RSI aligns with a narrowing consolidation structure on the main chart, suggesting that traders are positioning ahead of expected breakout attempts. It remains below the critical 70 level, meaning the trend is not yet overheated.
The RSI curve also shows consistent swings within the 40 to 60 zone since July 18, with no extreme divergences. This steady pattern indicates that momentum has remained relatively stable, even during sideways price movement.
If RSI continues climbing while price stays above support lines, the setup may support a further push higher. However, confirmation would require RSI to stay elevated without retracing below the 50 level, especially as volume increases ahead of regulatory updates.
XRP MACD Chart Shows Fresh Crossover on July 21
The XRP/USD 1-hour MACD chart, published on July 21, 2025, shows a technical shift in short-term momentum. The Moving Average Convergence Divergence (MACD) line, shown in blue, has crossed above the orange signal line. This crossover appeared near the zero level, marking the end of recent bearish pressure and the beginning of a potential trend reversal.
The MACD uses two exponential moving averages to track market momentum. The fast-moving average is set at 12 periods, and the slower one at 26. When the MACD line moves above the signal line, it indicates that recent price strength has started to overcome previous selling activity. The accompanying histogram shows the difference between the two lines and reflects the strength of this momentum shift.
At the time of the signal, the MACD line stood at 0.01130, the signal line at 0.01026, and the histogram at 0.00104. This confirms a crossover, although the gap between the lines remains small. A wider spread would typically suggest stronger momentum. For now, the narrow margin points to a cautious early-stage shift.
Over the past two days, the histogram transitioned from dark red to green. This shift suggests the fading of negative momentum and the return of mild buying interest. Recent bars remain small, which shows that market participants are still waiting for additional confirmation.
Back on July 18, XRP’s MACD spiked, followed by a sharp decline. The steep drop in both the MACD line and histogram revealed strong selling during July 19 and 20. Now, the pattern appears to be flattening again.
The chart’s bullish MACD crossover aligns with other indicators like the RSI at 59.20 and a visible bullish pennant. Still, volume remains moderate, meaning the signal needs confirmation before any trend continuation can be confirmed.