XRP Price Outlook as Ripple Co-Founder Returns to the Spotlight Over APEC Investment

Ripple (XRP) price is up by 3.37% today, July 4, to trade at $1.13 at the time of writing. These gains come after an investment made by Ripple co-founder Chris Larsen into the American Perpetuals Exchange Corporation (APEC), founded by Senator Kirsten Gillibrand’s son, comes back into the spotlight

Ripple’s Chris Larsen Invests in APEC Exchange

A previous report by CoinGape noted that Ripple’s co-founder has made an investment in the APEC exchange. However, he has not disclosed the amount of investment that he made.

Larsen’s investment is drawing attention because the founder of the APEC exchange, known as Theodore Gillibrand, is the son of Senator Kirsten Gillibrand.

Senator Gillibrand recently said that Senators need to ensure that CLARITY Act passes with strong ethics rules to prevent President Trump from profiting off of crypto again after Trump made $1.4 billion in profits from the crypto market in 2025.

According to former FOX Business reporter Eleanor Terrett, Gillibrand is now facing scrutiny for pushing to have ethics rules while her son is launching a derivatives exchange that might create a conflict of interest.

Ethics concerns have been one of the reasons that have made the odds of the CLARITY Act passing in 2026 to drop to 40% on Kalshi.

XRP Price Outlook as Bullish Pattern Emerges

The price of XRP has created a bullish double-bottom pattern after the price moved from the support level of $1.02 on June 30 to $1.13 today, July 4.

This bottom pattern has a depth of 25%, and that is how high the price of XRP could rise if it moves above the June 15 high of $1.29.

The AO bars that are green and shrinking in length suggest that bears are losing their grip. This could create room for buyers to come back, who could push XRP price to $1.29.

XRP price has also moved above the middle Bollinger band of $1.22. It now needs to confirm two more daily closes above $1.22 to confirm that bulls have a good grip.

However, if the price moves below the middle Bollinger band of $1.22, XRP might drop to the lower band of $0.99.

Futures Data Shows an Ongoing Short Squeeze as ETF Inflows Return

Data from Coinglass shows that $7 million in XRP short positions were closed between July 2 and July 4, and the resulting buying pressure saw the price of XRP move from $1.04 to $1.13.

However, the long/short ratio that is at 0.91 per Coinglass data suggests that there are still more short positions than long positions.

If more short sellers face liquidation, the price of XRP could reach $1.29 like the double pattern suggests.

The $6.55 million in inflows to spot XRP ETFs also supports a bullish long-term XRP price outlook after inflows reached $6.55 million on July 2 after two straight days of outflows.