While the crypto market closely watches upcoming US inflation data, XRP is gearing up for a strong push. Following the landmark legal settlement between Ripple and the SEC, XRP confidently crossed the $3.00 mark and tested $3.38, signaling renewed investor confidence. This settlement is more than just an end to a lawsuit — it’s a fresh start for the crypto industry, opening doors to clearer regulations ahead.
SEC Chair Paul Atkins highlighted a shift toward policy development, signaling that the SEC will now focus on creating a clear and fair regulatory framework for crypto assets. Commissioner Hester Peirce echoed this optimism, emphasizing that the SEC can now fully dedicate itself to crafting crypto-friendly rules, bringing greater clarity and stability to the market.
Although futures Open Interest (OI) dropped slightly to around $7.9 billion, indicating a mild dip in speculative demand, XRP’s technical supports remain solid. The 50-day EMA at $2.89, 100-day EMA at $2.67, and 200-day EMA at $2.40 offer strong cushions that could absorb selling pressure if the price dips below $3.00.
Ripple is actively expanding its ecosystem by enabling tokenization of real-world assets, launching stablecoin payments through RLUSD, and growing its flagship products like On Demand Liquidity (ODL) and Ripple Payments. These innovations increase XRP’s utility — especially as US regulatory clarity improves.
If overall market sentiment brightens, XRP is likely to challenge the $3.40 resistance level and aim for its all-time high of $3.66 from July. Traders are closely watching these key price points, as a breakout here could ignite a major upward rally.
Key Takeaways:
XRP surged past $3.00 after Ripple-SEC settlement
SEC shifts focus to clear crypto regulation framework
Strong technical support at $2.89, $2.67, and $2.40 EMAs
Futures Open Interest slightly decreased but demand remains stable
Ripple expanding real-world use cases and infrastructure
Next targets: $3.40 resistance and $3.66 all-time high
For XRP investors and traders, this is an exciting moment. Favorable inflation data and positive market momentum could accelerate XRP’s climb. Stay informed, strategize wisely, and get ready for potential gains!
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