BREAKING NEWS 🗞️

$XRP is trading at $2.22, reflecting a 3.77% increase over the past 24 hours. This uptick coincides with a significant surge in trading volume, which has risen by 112% to reach $4.85 billion, indicating heightened investor interest.

The price movement is influenced by anticipation surrounding a closed-door U.S. Securities and Exchange Commission (SEC) meeting scheduled for today. The meeting's agenda includes discussions on enforcement and settlement matters, which could potentially impact Ripple's ongoing legal case and$XRP regulatory status .

From a technical analysis perspective, XRP is consolidating between $2.14 and $2.19, with immediate support at $2.00 and resistance at $2.36. A breakout above $2.36 could pave the way for targets at $2.60 and $3.00, contingent on increased trading volume and positive market sentiment .

In ecosystem developments, Vaultro Finance has launched the presale of its $VLT token, introducing the first decentralized index fund protocol on the XRP Ledger. This initiative aims to provide users with the ability to create and invest in tokenized portfolios, enhancing the utility of the XRP ecosystem .

Investors are closely monitoring the outcome of the SEC meeting, as its decisions could have significant implications for XRP's future price trajectory and regulatory clarity.