ETF Rejection Sparks XRP Slump – SEC Under Fire for Mixed Messaging
XRP has taken a hit following the SEC’s latest rejection of a proposed ETF, reigniting frustration within the crypto community. As the price dips, criticism grows over the regulatory body’s inconsistent messaging, which many argue is stifling progress in the digital asset space. Despite the setback, XRP is showing signs of resilience, and investors are closely watching to see if it can regain momentum. This article explores the fallout from the ETF denial and highlights which digital assets could thrive as market sentiment begins to shift.
XRP Edges Higher: Will It Break $4?
XRP's price hovers between nearly $3 to close to $4. It has recently gained about 45% in a month, showing a bullish trend. The nearest resistance is just above $4, a key level it needs to surpass for more growth. If this resistance breaks, XRP could aim for $5, marking a significant rise of over 25% from its current range. The support at around $2.45 provides a safety net. Indicators suggest some strength, but not overwhelming momentum yet, so breaking $4 is crucial for the next upward push.
Conclusion
The SEC’s ETF rejection has rattled XRP’s short-term trajectory, but the token remains within striking distance of key resistance near $4. If bullish momentum returns, XRP could rebound quickly, potentially targeting the $5 mark. While regulatory uncertainty continues to cast a shadow, market watchers are keeping an eye on coins with strong technicals and supportive investor interest. In the midst of this volatility, opportunity may lie in assets ready to move once clarity returns.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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