Ripple’s Ongoing SEC Battle and Economic Pressures Impact XRP Price
Ripple’s XRP has experienced significant volatility due to its ongoing legal battle with the SEC and global economic pressures. A key meeting scheduled for April 10 is expected to be pivotal in determining the future of XRP, as the SEC might decide to withdraw its appeal against the July 2023 ruling which declared Ripple’s programmatic sales not to be securities. Since January, XRP’s value has declined 39%, impacted by lack of regulatory clarity and broader financial market difficulties including escalating U.S. tariffs. Traders are anticipating outcomes from the meeting, hoping for regulatory resolution or fearing continued uncertainty. Additionally, market influences such as upcoming CPI data and macroeconomic conditions could further affect XRP’s trajectory. An SEC decision to withdraw could renew optimism for an XRP-specific ETF, although persistent uncertainty may stabilize prices around current support levels.
Bearish
The news highlights ongoing legal uncertainties and economic challenges that Ripple’s XRP faces. The bearish view is supported by the 39% drop in XRP’s value since January, largely due to regulatory ambiguity and market instability caused by macroeconomic pressures and escalating U.S. trade tariffs. The upcoming SEC meeting represents a critical potential turning point, but until definitive regulatory clarity is achieved, investors may remain cautious, maintaining pressure on the XRP price. While a positive SEC outcome and potential ETF could spark bullish momentum, the prevailing situation suggests a bearish sentiment unless significant positive changes occur.