The price of XRP is holding steady as the market awaits a key decision from the U.S. Securities and Exchange Commission (SEC), expected at 03:00 UTC. This ruling could act as a major catalyst for the token’s next big move.
Market in Wait-and-See Mode
XRP is currently trading within a tight range, showing minimal volatility despite the high-stakes nature of the upcoming decision. Traders appear hesitant to make big moves ahead of the SEC’s response to Ripple’s withdrawal of its appeal—a decision that could significantly influence market sentiment.
This kind of cautious behavior is typical before major regulatory announcements. Investors are waiting for clarity, and the outcome of this decision could quickly shift the momentum.
What’s at Stake
Ripple’s move to withdraw its appeal isn’t just a routine legal step—it’s a strategic decision. If the SEC responds favorably, it could ease regulatory pressure on XRP, potentially triggering renewed investor interest and upward price action.
However, if uncertainty persists or the SEC’s decision adds more complexity, XRP could remain stuck in its current range—disappointing bulls who have been waiting for a clear breakout.
The 03:00 UTC deadline could prove to be a turning point for XRP, potentially shaping its price action in the weeks to come.
