On July 14 (Monday), XRP rose by 4.37%, marking the seventh consecutive day of increases following a 3.56% rise last Sunday, closing at $2.9593, significantly outperforming the overall crypto market increase of 0.79%.

As of July 15, at the time of publication, Gate.io's market shows that XRP has slightly retreated, currently reported at 2.815 USD, with a 24-hour decline of 3.82%.

bullish target

• If it breaks through the July 11 high of $3.0337, it will impact the 2025 high of $3.3999;

• If it breaks through 3.3999 dollars, it is expected to challenge the 2018 historical high of 3.5505 dollars.

  

bearish risk

• If XRP falls below $2.75, it may drop to $2.50, or even reach the 50-day exponential moving average (EMA) support.
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Bitcoin Hits New High, Legislation and ETFs Become Main Reasons for Rise

On July 14, 2025, Bitcoin (BTC) reached a historic high of over $123,000. Several core driving factors are behind this bull market:

Key Factors Driving the Rise of Bitcoin

• Legislative Favorability: If the CLARITY Act is passed, investors expect it to boost the Bitcoin Act;
• Trump Tax Reform Rumors: Market rumors suggest that Trump plans to eliminate the capital gains tax on encryption currency;
• Continuous capital inflow into spot ETFs: As of the week ending July 11, the total net inflow of BTC ETFs reached $2.718 billion.

The analysis platform Santiment commented:

"Despite many investors wanting to enter the market, there is a general sense of skepticism and trading fatigue. Instead, this atmosphere of 'not believing in the bull market' may indicate that the rise is not yet over."

BTC Spot ETF Market: Funds Flowing In for Eight Consecutive Days?

The US Bitcoin spot ETF is expected to see its eighth consecutive day of net fund inflow on July 14, 2025. Here are the latest ETF flows:

• Grayscale Bitcoin Mini Trust (BTC): +12.7 million USD net inflow
• ARK 21Shares Bitcoin ETF (ARKB): -9960 million USD net outflow
• Fidelity Wise Origin Bitcoin Fund (FBTC): -26.1 million USD net outflow

Although there is a slight outflow overall, if BlackRock's IBIT ETF records a net inflow again, the market will maintain an overall positive capital trend.

CryptoQuant Research Director Julio Moreno pointed out:

"Since the beginning of this year, the amount of Bitcoin investment from ETF investors has exceeded the total for the same period in 2024."

Bitcoin Price Outlook: 120K or 125K?

On July 14, BTC rose by 0.92%, with a previous day's increase of 1.72%, closing at $119,720.

Possible Market Scenarios

• Bearish scenario: If legislation is obstructed, the Federal Reserve adopts a hawkish stance, or there is a large outflow of funds from ETFs, BTC could drop to $110,000, testing the 50-day EMA;
• Bullish Scenario: If the three crypto bills pass smoothly, the Fed maintains a dovish stance, and ETF funds continue to flow in, BTC is expected to break through 125,000 USD.
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Observation Focus: Can XRP and BTC hit new highs again?

Crypto investors should closely monitor the following key driving factors:

• Ripple case update: Will the SEC withdraw the lawsuit;
• Legislative Updates: Voting results of three bills;
• Federal Reserve Monetary Policy Direction: Whether to release easing signals;
• ETF Market Dynamics: Especially the trend of fund inflows for BTC and XRP spot ETFs.