- XRP trimmed gains to $2.44 after hitting $2.65, as profit-taking slowed the rally sparked by global trade deals.
- SEC Chair Paul Atkins pledged to end ad hoc crypto enforcement, aiming for clear, innovation-friendly regulations.
Ripple’s native token, XRP, saw its recent rally stall at $2.65 on Monday before retracing to $2.44 by Tuesday morning. The surge came amid a broader crypto market uptick following the US-China trade deal and President Trump’s renewed push to position the United States as a global crypto hub. However, as profit-taking kicks in, XRP is testing key support zones — with eyes now on whether bullish momentum can be sustained.
At the heart of the recent market optimism is a seismic regulatory shift. Securities and Exchange Commission (SEC) Chair Paul Atkins, speaking at the Crypto Task Force roundtable, pledged to end the agency’s reliance on “ad hoc enforcement actions” in shaping digital asset policies. Instead, Atkins promised a rational, innovation-friendly framework to guide the fast-evolving crypto sector. His remarks come just days after Ripple reached a final settlement with the SEC, agreeing to pay $50 million — far less than the previously imposed $125 million — and ending a legal battle dating back to 2020.
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Technically, XRP remains above key exponential moving averages (50, 100, and 200 EMA) on the 12-hour chart, offering confluence support near $2.23. The Relative Strength Index (RSI) has slipped from overbought territory to 63.17, suggesting weakening bullish pressure. If it continues toward the midline, the token could face further downside risk.
That said, the Moving Average Convergence Divergence (MACD) indicator maintains a bullish posture, with the MACD line staying above the signal and green histograms persisting. This signals that buyers could still push for another leg up if support holds.
For now, XRP’s next major test lies at $2.40. If bulls defend this level, a rebound toward $2.80 — and potentially $3.00 — remains on the cards. But failure to do so could see the token revisit lower supports at $2.23 or even $2.20.
With the SEC signaling a more structured regulatory path ahead, the long-term outlook for XRP — and crypto broadly — may be turning a corner.
