$XRP continues to fall along with the rest of the market, but the pullback remains relatively lower than major cryptocurrencies.

The SEC’s change of stance towards the crypto sector after the Trump administration strengthens expectations that the Ripple case will be resolved.

In recent days, speculations that the SEC and Ripple are about to reach an agreement have excited XRP investors once again.

The SEC’s decision not to define XRP as a security could pave the way for regulatory action for crypto assets in the US.

Looking at XRP’s technical outlook, the cryptocurrency has once again found rapid demand at $1.9 in its recent downtrend. It seems that the rapid declines that have continued to this level since December have been met at the same pace. XRP has started to recover after regaining its support at $2.22. The closest resistance area for XRP is currently followed at $2.3-2.35. Short-term EMA values ​​have gathered in this region. A clear daily close above $2.35 will also allow XRP to break the falling channel. Thus, a new uptrend may begin in XRP. Short-term targets to be followed in a possible rise; $2.43, $2.75 and $3 seem to be. In a downward scenario, failure to break the resistance extending towards $2.35 may increase selling pressure. This may cause XRP to head towards the $1.9 support once again.