XRP Price Forecast: SEC Pivot Lifts Sentiment, XRP Targets $3.32
SEC softens stablecoin stance while XRP eyes breakout above $3.07. Can bulls clear $3.18 and hit $3.32? Key resistance and trade setup...
Quick overview
- XRP/USD is currently stable at $3.04, supported by regulatory changes and market structure.
- The SEC's new stance allows certain stablecoins to be classified as cash equivalents, enhancing crypto's integration into traditional finance.
- Analysts believe this regulatory clarity could attract more institutional interest in tokens like XRP.
- XRP faces resistance at $3.07, with potential targets of $3.18 and $3.32 if it breaks above this level.
XRP/USD is holding steady at $3.04 as regulatory winds and chart structure support the price. The US Securities and Exchange Commission has quietly changed its stance on stablecoins, allowing some to be treated as cash equivalents if they have a reliable US dollar peg and offer guaranteed redemption.
This is a significant shift from earlier. The move, reported by Bloomberg, means broader crypto integration into traditional finance. Chair Paul Atkins also said certain stablecoins aren’t securities, removing a major legal hurdle.
Together, this is lifting sentiment across the crypto space.
- US stablecoins can now be classified as “cash equivalents.”
- Corporate crypto use could increase as accounting gets easier
- Project Crypto wants to bring more financials on-chain
Analysts say this dual-track approach—regulatory clarity and technical infrastructure—could attract more institutions, especially into tokens like XRP that bridge traditional and decentralized finance.
XRP Price Reclaims Key EMAs but Faces Resistance
From a technical perspective, XRP/USD has bounced off $2.72 and is now consolidating at $3.04. It has broken the descending trendline from July’s high and is making higher lows on the 4-hour chart—so early bullish.
But $3.07 is a sticking point. A spinning top candle formed after a $3.07 test shows indecision. XRP also has resistance from the 50-EMA ($3.03) and 100-EMA ($3.05), with buyers and sellers fighting for control.
If bulls can take out $3.07 and hold above $3.10, the following targets are $3.18 and $3.32. If they can’t have $2.99-$3.00, then $2.89 and $2.81 are in play.
XRP/USD Trade Setup: Breakout Trade to $3.32
Entry Zone: $3.08-$3.10 (breakout above $3.07)
Stop-Loss: Below $2.98 (below last confirmed higher low)
Target 1: $3.18
Target 2: $3.32Bullish if XRP closes above both EMAs and $3.07.
Watch volume and candle strength—a bullish engulf above $3.10 would be even better. But a daily close below $2.99 would kill the trade and retest $2.89.
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