XRP Targets $3.20 Launchpad as SEC Revisits Policy
The post XRP Targets $3.20 Launchpad as SEC Revisits Policy appeared on BitcoinEthereumNews.com. XRP’s Post-Regulation Bullish Trajectory According to market analyst Lingrid, XRP is consolidating just below $3.20 after a breakout and $3.00 retest, with higher lows along the trendline reinforcing its bullish structure. She added, “Holding above 3.20 keeps momentum intact for a move toward the 3.70 target zone. A break above the recent swing high could trigger accelerated gains into the upper resistance range.” Source: Lingrid Market analyst Lingrid sees XRP’s current action as a healthy bullish consolidation, noting its breakout, $3.00 retest, and steady formation of higher lows along an ascending trendline, a setup that often signals further upside. Why does it matter? Well, post-breakout consolidations are bullish when gains hold above key levels. Analysts see $3.20 as the near-term pivot because a firm hold or decisive reclaim could spark fresh buying. XRP jumped to $3.36 after Ripple and the SEC called it quits, fueled by a 208% surge in volume. Profit-taking has cooled the rally, but solid support at $3.13–$3.15 continues to cap bearish pressure. Back to the Policy Drafting Table With the long-running Ripple–SEC saga officially closed, the agency’s leadership is pivoting from litigation to rulemaking. Chair Paul S. Atkins, responding directly to an X post by Commissioner Hester Peirce, called for moving “from the courtroom to the policy drafting table,” signaling a new regulatory chapter for crypto focused on clear rules over enforcement-by-litigation. With both sides dropping appeals, Judge Analisa Torres’s 2023 rulings stand as final, leaving a $125 million penalty and a narrow injunction on certain institutional sales. The closure lifts years of legal uncertainty over XRP and the wider token market, with participants and lobbyists seizing the moment to push for clear regulatory guardrails over piecemeal court rulings. SEC Commissioner Hester Peirce, often nicknamed “Crypto Mom” because she is SEC’s most outspoken pro-crypto voice, hailed…
The post XRP Targets $3.20 Launchpad as SEC Revisits Policy appeared on BitcoinEthereumNews.com.
XRP’s Post-Regulation Bullish Trajectory According to market analyst Lingrid, XRP is consolidating just below $3.20 after a breakout and $3.00 retest, with higher lows along the trendline reinforcing its bullish structure. She added, “Holding above 3.20 keeps momentum intact for a move toward the 3.70 target zone. A break above the recent swing high could trigger accelerated gains into the upper resistance range.” Source: Lingrid Market analyst Lingrid sees XRP’s current action as a healthy bullish consolidation, noting its breakout, $3.00 retest, and steady formation of higher lows along an ascending trendline, a setup that often signals further upside. Why does it matter? Well, post-breakout consolidations are bullish when gains hold above key levels. Analysts see $3.20 as the near-term pivot because a firm hold or decisive reclaim could spark fresh buying. XRP jumped to $3.36 after Ripple and the SEC called it quits, fueled by a 208% surge in volume. Profit-taking has cooled the rally, but solid support at $3.13–$3.15 continues to cap bearish pressure. Back to the Policy Drafting Table With the long-running Ripple–SEC saga officially closed, the agency’s leadership is pivoting from litigation to rulemaking. Chair Paul S. Atkins, responding directly to an X post by Commissioner Hester Peirce, called for moving “from the courtroom to the policy drafting table,” signaling a new regulatory chapter for crypto focused on clear rules over enforcement-by-litigation. With both sides dropping appeals, Judge Analisa Torres’s 2023 rulings stand as final, leaving a $125 million penalty and a narrow injunction on certain institutional sales. The closure lifts years of legal uncertainty over XRP and the wider token market, with participants and lobbyists seizing the moment to push for clear regulatory guardrails over piecemeal court rulings. SEC Commissioner Hester Peirce, often nicknamed “Crypto Mom” because she is SEC’s most outspoken pro-crypto voice, hailed…
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