XRP Rally Fueled by U.S. Lawmakers, Say 34% of South Korean Investors in New Survey

A new investor sentiment survey conducted in South Korea from July 22 to 25 shows growing positive sentiment toward Bitcoin and renewed interest in XRP, driven by recent U.S. regulatory developments. The weekly poll, from CoinNess and Cratos, shows how investor outlooks are changing as major legislative and legal outcomes impact the market.

According to the survey results, 49.4% of respondents expect Bitcoin’s price to rise this week, an increase from 46.0% in the prior week. Meanwhile, 28.2% expect the price to remain stable, while 22.4% anticipate a decline. When asked about overall market sentiment, 39.7% expressed hope or strong optimism, while 35.0% reported neutral expectations.

XRP Sentiment Linked to U.S. Legislation, Legal Developments

Respondents were also asked about the recent XRP price rally. The survey found that 34% of investors credited progress in U.S. crypto legislation as the main reason for the move. Another 22% cited a technical rebound, while 20% attributed the rise to general investor momentum.

Despite XRP reclaiming its position as the third-largest cryptocurrency, legal uncertainty remains a factor. The U.S. Securities and Exchange Commission (SEC) has not yet disclosed its stance on appealing the Ripple court decision, a move that has delayed potential approvals for XRP-linked spot ETFs.

Related: Wellgistics Health Files to Use XRP for Treasury, Cites XRPL Efficiency

Legal analyst and former SEC attorney Marc Fagel stated that an SEC vote to dismiss the appeal is likely imminent, although the timeline remains unclear. Such a development may influence pending ETF applications and shape institutional participation in XRP.

Legislative Timelines and Ripple’s Financial Infrastructure Push

President Trump signed the GENIUS Act, but the CLARITY Act remains stalled in Congress due to the summer recess. Lawmakers have shown confidence in its passage once Senate activity resumes, with some expecting minor adjustments along the way.

Related: South Korea Crypto Search Trends: XRP Dominates, Pi Network Gains

In parallel, Ripple is seeking a banking license and advancing its On-Demand Liquidity (ODL) product to facilitate cross-border remittances. These developments include integrating the RLUSD stablecoin to minimize volatility in business transactions.