XRP held above $1 as pro-crypto attorney John Deaton marked the anniversary of Ripple's SEC court win, crediting XRP holders. A crypto analyst warned the token could briefly dip toward $0.925-$0.95 before rebounding.
XRP is battling to stay above $1, and pro-crypto attorney John Deaton used the moment to argue that XRP holders shaped Ripple's landmark court victory against the SEC. The token traded around $1.09, up 2.70%.
Deaton credits XRP holders for the ruling
In an X post on July 14, Deaton said the court cited his amicus brief, nearly 4,000 affidavits from XRP holders, and an oral argument he made in the LBRY case about secondary-market sales of digital assets. He also noted that his brief argued 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 celebrated the day on X.
Japan remains one of XRP's strongest markets, supported by regulatory clarity, 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, with the goal of developing compliant XRP-based financial solutions for institutional investors.
Analyst flags a possible capitulation bottom
Against that backdrop, crypto analyst Cryptoinsightuk struck a more cautious note. In a July 13 podcast, the analyst pointed to 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.
Yet the analyst views such a move as a potential capitulation bottom rather than the start of a deeper downtrend. Strong support near $0.95 and relatively limited liquidity below it could set up a rebound toward $1.70-$1.80. The analyst still allows for a decline to $0.63 but considers it a lower-probability scenario.
Source: Benzinga
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