Jakarta, Pintu News – Brad Garlinghouse, CEO of Ripple, will testify before the US Senate Banking Committee, highlighting the importance of clear regulation for crypto markets. The testimony is scheduled for Wednesday and is expected to have a significant impact on the price of Ripple (XRP) and the crypto market in general.
Check out the full analysis in this article!
Brad Garlinghouse will speak about the need for clearer regulation of crypto markets in front of the US Senate Banking Committee. This is an important step given the amount of debate and uncertainty that surrounds crypto regulation in the United States.
Garlinghouse has expressed his honor to speak at this important forum and thanked Senators Tim Scott, Cynthia Lummis, and Ruben Gallego for their support of digital assets.
In a broader context, this testimony comes at a critical time, where several crypto-related bills are being discussed, including the regulation of stablecoins and the market structure of digital assets. If approved, these laws could provide much-needed clarity for the crypto industry in the US.
Also read: Pi Network Price Needs to Fall Below $0.40 to Start an Upswing, Here’s Why!
The price of Ripple (XRP) is currently at a tipping point. On the 12-hour chart, XRP recently found support around $2.20 and is now eyeing the key resistance zone between $2.31 and $2.35. However, the price has struggled to break this upper limit several times before.
If Ripple (XRP) manages to close above $2.36 on the daily chart, it could open up opportunities to rise towards $2.44 in the short term. Stronger resistance is expected between $2.60 and $2.65, a range last seen in mid-May.
However, analyst Josh from Crypto World also warns that Ripple (XRP) may be forming a rising wedge pattern, which is statistically likely to break to the downside. If this happens, the price could drop back to the $2.20 range or even $2.16-$2.17.
Read also: Price of 1 Pi Network (PI) in Indonesia Today (9/7/25)
The overall crypto market is still in an accumulation phase, with large investors quietly buying Ripple (XRP) while prices remain stable. If global liquidity continues to increase and crypto legislation moves forward, Ripple (XRP) could be in a stronger position for an even stronger rally.
The upcoming testimony and potential regulatory changes could be important catalysts for price movements of Ripple (XRP) and other cryptos in the market. Investors and market watchers should pay close attention to the outcome of these testimonies and their impact on upcoming regulations.
This week has been crucial for Ripple and the entire crypto industry with the testimony of CEO Brad Garlinghouse. The outcome of this testimony and the accompanying legislative decisions could greatly affect the dynamics of the crypto market in the near future.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Get a web trading experience with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
© 2025 PT Pintu Kemana Saja. All Rights Reserved.
The trading of crypto assets is carried out by PT Pintu Kemana Saja, a licensed and regulated Digital Financial Asset Trader supervised by the Financial Services Authority (OJK), and a member of PT Central Finansial X (CFX) and PT Kliring Komoditi Indonesia (KKI). The trading of crypto asset futures contracts is carried out by PT Porto Komoditi Berjangka, a licensed and regulated Futures Broker supervised by BAPPEBTI, and a member of CFX and KKI. Crypto asset trading is a high-risk activity. PT Pintu Kemana Saja and PT Porto Komoditi Berjangka do not provide any investment and/or crypto asset product recommendations. Users are responsible for thoroughly understanding all aspects related to crypto asset trading (including associated risks) and the use of the application. All decisions related to crypto asset and/or crypto asset futures contract trading are made independently by the user.