SEC Backtracks: Green Light for an $XRP Rally? What can we expect for XRP in the short term?
#XRP is hovering around $2.35, but technical indicators suggest an explosive movement. The cup-and-handle formation on the charts is a #bullish signal, and a breakout above the current resistance could trigger a rally towards $4.15, or even $6.40 if the market gets excited. Moving averages confirm this trend: the imminent crossover between the 50-day and 100-day SMAs is often followed by a significant pump.
For years, the SEC has been putting pressure on the crypto industry, but its attitude seems to be evolving. After dropping the case against Coinbase, it has suspended several proceedings, including those against OpenSea and other major players.
This shift is not without reason: the return of $TRUMP , the rise of pro-crypto Republicans, and the fear of seeing innovation move abroad are pushing regulators to ease up.
