XRP News Today: Will US Crypto Report Favor XRP as a Strategic Reserve Asset? BTC Hovers
Explore our full XRP forecast here for key breakout zones and timing insights.
Bitcoin Succumbs to Crypto Rotation
While XRP advanced on hopes for an end to the Ripple case, Bitcoin (BTC) extended its losing streak to three sessions. Profit-taking and rotation into alt-coins likely left BTC trailing the broader crypto market. Notably, DOGE soared 13.03%, while ETH continued its move toward $4,000, rising 4.53% on July 20.
However, the upcoming Working Group Report could revive BTC demand if the report recommends adding to the government’s existing BTC stockpile.
Meanwhile, US legislative developments, BTC-spot ETF flow trends, and broader institutional demand remain crucial for BTC’s price outlook.
