#ProjectCrypto The SEC has launched the Crypto Project, a new program committed to transforming U.S. financial markets to blockchain technology. The plan focuses on updating outdated regulations and fostering innovation in digital assets. This measure indicates a more open stance from regulators, which could help restore confidence in the cryptocurrency sector.
SEC Chairman Paul Atkins stated: "Project Crypt will be the pillar of the SEC to support President Trump in his historic efforts to make the United States the 'world capital of cryptocurrencies'." With clearer policies on the horizon, XRP could be one of the main beneficiaries as institutions gain more confidence in regulated tokens.
Meanwhile, XRP reserves on exchanges decreased by 7.57%, down to 8.49 billion, according to data from CryptoQuant. This decrease usually indicates the transfer of coins from centralized exchanges, suggesting that coins are being transferred to users' private wallets rather than being sold. This trend has been accompanied by accumulation phases.
If this trend continues along with favorable policy changes, XRP could create the necessary conditions for a strong bullish push. The direction of the price will depend on the asset's behavior around its current support zone, but these factors point to a possible recovery if buyer interest returns.
In conclusion, XRP's price structure continues to evolve favorably above key support, while regulatory changes and falling reserves generate bullish tailwinds. If buyers maintain $3.23 and recover $3.30 with volume, a move towards $3.65 and beyond becomes increasingly likely.
$XRP