đ SEC Boosts XRPâs Long-Term Outlook â But Will Price Hold $3? đ
XRP is under pressure again, slipping to $3.18 as traders wait for U.S. inflation data. Thatâs an 8% drop from last weekâs $3.38 peak, and 15% below its July all-time high of $3.66. đ
â Ripple vs SEC: Case Closed
Big news â the U.S. SEC has officially dropped its lawsuit against Ripple after a $50M settlement. Commissioner Hester Peirce says the SEC can now focus on building a clear crypto rulebook. Former Chair Paul Atkins hinted this could lead to better policy for the industry.
After the settlement, XRP pumped past $3.00 and touched $3.38, but the $3.40 resistance still holds strong. Breaking it could open the door to new highs.
đ Futures Data Signals Caution
CoinGlass shows XRP futures Open Interest fell to $7.88B, signaling weaker speculative demand. Support levels remain:
â 50-day EMA at $2.89
â 100-day EMA at $2.67
â 200-day EMA at $2.40
If prices drop below $3, these levels could stop a deeper fall.
đ Rippleâs Big Plans
Ripple isnât slowing down:
đ Tokenizing real-world assets
đ Expanding stablecoin payments with RLUSD
đ Boosting XRP utility with On-Demand Liquidity & Ripple Payments
These moves could strengthen XRPâs long-term value, especially with improving U.S. regulations.
đź The Road Ahead
If crypto sentiment improves, XRP could quickly reclaim $3.40 and aim for the $3.66 ATH. But if market weakness continues, a dip below $3.00 is still on the table.
đ Traders are now laser-focused on inflation data â it could decide XRPâs next big move.
đŹ Your Take: Is this just a dip before liftoff, or the start of a bigger pullback?