Ripple Slams US Crypto Bill, Spurs XRP Regulation Concerns
Ripple has publicly criticized a newly proposed US crypto bill, warning that expanded SEC oversight could stifle innovation and heighten XRP regulation uncertainty. The legislation, promoted to protect investors and curb fraud, would grant the SEC broader enforcement power over digital assets. Ripple’s chief legal officer emphasized the need for balanced XRP regulation that supports growth. Meanwhile, analyst Levi Rietveld highlighted a shift toward institutional trading of XRP, signaling that retail investors may lose dominance. AI-driven assessments by Perplexity and the launch of structured XRP mining contracts add focus to the token’s evolving ecosystem. Technical charts reveal a bullish pennant pattern for XRP, projecting a potential 70% breakout toward $5.17 if resistance around $3.10 is overcome. Traders should watch for regulatory updates and technical confirmations, as these factors will drive short-term momentum and shape long-term adoption.
Bullish
While Ripple’s criticism of the US crypto bill highlights potential regulatory headwinds that could weigh on XRP in the long term, the strong bullish pennant formation and projected 70% breakout signal suggest a positive near-term trading opportunity. Historically, assets like BTC and ETH have rallied after technical consolidation patterns signaled renewed momentum, even amid regulatory uncertainty. The introduction of structured XRP mining contracts further stabilizes supply-side volatility, attracting risk-averse participants. However, investors should monitor ongoing SEC oversight developments, as heightened enforcement could limit exchange listings and institutional adoption. In the short term, traders are likely to capitalize on the technical breakout above $3.10, driving liquidity and price momentum. Over the long term, balanced XRP regulation that clarifies legal status will be critical to sustain growth and broader market confidence. Overall, the confluence of technical signals, expanding ecosystem tools, and regulatory debates points to a bullish bias, provided key resistance is cleared and legislative impact remains manageable.