XRP has posted a 12% gain since the start of the year, with momentum building as Ripple ramps up pressure on U.S. regulators for clearer crypto guidelines.
In a formal letter to the U.S. Securities and Exchange Commission (SEC), Ripple called on the agency’s Crypto Task Force to provide more transparency and fairness in its approach.
If the push succeeds, it could mark a major shift in sentiment around XRP and support a more bullish XRP price prediction going forward.
They contested certain definitions that seem rather ambiguous like “decentralization” and called it a “subjective” way to assess blockchains and crypto projects.
The letter reads: “Not all influence constitutes control. Shared interest in the asset’s value is not control. Participation in open network governance is not control. Merely holding or monetizing an asset as inventory is not control.”
This argument counters claims that the XRP Ledger is centralized due to Ripple’s involvement.
Ripple’s active role in shaping regulations in the country could pave the way for the creation of friendlier rules that help crypto projects like the XRP Ledger thrive.
XRP Price Prediction: ETF Assets Keep Climbing – XRP Could Reach $2.7 Soon
The 4-hour chart shows that XRP broke out of its descending price channel as Wall Street’s appetite for the token kept growing.
However, the uptrend encountered a massive sell wallet at $2.40, making this level the key resistance to watch down the road.
For now, XRP is finding strong support at the 200-period exponential moving average (EMA) in this lower time frame. If the price bounces off this line, the odds of a retest of $2.40 will be quite high.
Meanwhile, if this triangle reaches its full upside potential, that would mean that XRP will likely hit $2.70 a few weeks from now.
Just like XRP, top crypto presales are showing early signs of a breakout as market momentum builds.
Dogecoin-style tokens are grabbing the spotlight, and Maxi Doge ($MAXI) is leading the way by tapping into the same explosive energy that sent DOGE to 1000x gains.
Maxi Doge Presale Heats Up, Is This the Next 1000x?
Maxi Doge ($MAXI) is a new meme coin presale capturing the same explosive energy that sent Dogecoin 1000x, but this time it’s focused on building a real trader-driven community.
At the heart of the project is a growing group of holders who share trading setups, early opportunities, and alpha, making $MAXI a hub for degens looking to catch the next big wave.
To boost engagement, the project features weekly competitions like Maxi Ripped and Maxi Gains, where traders show off their biggest wins and climb the leaderboard for rewards and bragging rights.
Holders can also stake $MAXI and earn up to 70% APY, offering strong passive income potential while staying active in the community.
With meme coin momentum returning and the market beginning to turn, $MAXI is one of the most promising opportunities right now.
To buy $MAXI before it lists on exchanges, simply head to the official Maxi Doge ($MAXI) website and connect any compatible wallet (such as Best Wallet.)
You can swap existing crypto in your wallet or use a bank card to complete the purchase in seconds.
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The post XRP Price Prediction: Ripple Slams SEC’s Crypto Rules – Is XRP Finally Breaking Out of the Legal Cage? appeared first on Cryptonews.
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