XRP is holding steady — but the tension is unmistakable. Traders are laser-focused on 03:00 UTC, when the U.S. SEC is set to review Ripple’s withdrawal of its appeal. The outcome could set the tone for XRP’s next big move.
Calm Before the Catalyst
Right now, XRP is hovering around key support levels, showing minimal volatility. This quiet phase isn’t weakness — it’s the market holding its breath. Traders know that regulatory news for XRP rarely leads to small, gradual moves.
It’s classic pre-announcement behavior: no one’s committing heavily until the direction is clear.
Why This Decision Matters
Ripple’s decision to drop its appeal isn’t just procedural. It’s a strategic play that could:
Bullish Scenario: If the SEC accepts, it may ease regulatory uncertainty, opening the door for stronger institutional interest and a surge in buying pressure.
Bearish Scenario: If the SEC pushes back, the cloud of uncertainty lingers, likely keeping XRP stuck in its current tight range.
Either way, 03:00 UTC is shaping up to be a pivotal moment — one that could influence XRP’s trajectory for weeks to come.
What to Watch
Support: Holding above key technical levels will be crucial to prevent downside momentum.
Volume Spike: A surge in volume post-announcement could confirm the start of a breakout move.
Sentiment Shift: Regulatory clarity, even partial, tends to trigger strong sentiment swings in the XRP market.
Bottom Line: XRP is coiled tight, and the SEC’s next move could be the spark. Whether we see a bullish breakout or prolonged consolidation, traders should be ready for volatility. 📊⚡
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