XRP News Today: XRP Consolidates Near $3.20 as SEC Shifts to Proactive Crypto Rulemaking

XRP is currently forming a bullish consolidation pattern near $3.20, following a breakout and retest of the $3.00 level. Market analyst Lingrid notes that the formation of higher lows along an ascending trendline supports a strong technical structure. A sustained hold above $3.20 is considered pivotal, with potential to push the asset toward the $3.70 target zone. A breakout above recent swing highs could accelerate gains, according to Lingrid [1].

The asset’s recent price action was driven in part by the resolution of the high-profile legal battle between Ripple and the SEC. With both sides dropping their appeals, Judge Analisa Torres’s 2023 rulings are now final, concluding a multi-year legal dispute. The outcome includes a $125 million penalty and a narrow injunction on certain institutional sales of XRP. This legal resolution has significantly reduced regulatory uncertainty for XRP and the broader token market. Industry participants and lobbyists are now using the opportunity to advocate for clearer, more structured regulatory frameworks [1].

The SEC’s strategic shift under Chair Paul S. Atkins marks a new chapter in crypto regulation. Responding to a public post by Commissioner Hester Peirce, Atkins emphasized moving “from the courtroom to the policy drafting table.” This signals a regulatory approach focused on clear, forward-looking rules rather than litigation-driven enforcement. Peirce, known in the industry as “Crypto Mom,” welcomed the decision and reiterated her position that regulatory ambiguity has stifled innovation and led to costly legal battles [1].

Since his confirmation in April 2025, Atkins has guided the SEC toward a more proactive rulemaking agenda. Initiatives such as Project Crypto aim to provide updated guidance on token classifications, registration procedures, and custody standards. These efforts align with broader administration goals to create a predictable regulatory environment for crypto, supporting innovation and capital formation while maintaining investor protections [1].

Technically, the price consolidation near $3.20 remains a key focus for XRP. Lingrid observes that post-breakout consolidations are typically bullish when the price remains above critical support levels. The continued formation of higher lows supports a constructive market sentiment. A decisive move back above $3.20 could stimulate renewed buying interest and set the stage for a test of $3.70 resistance [1].

The resolution of the Ripple-SEC case and the SEC’s renewed emphasis on rulemaking represent a turning point in the regulatory environment for crypto. With clearer legal parameters and forward-looking policy development, XRP now faces a more favorable landscape. If it can maintain its position above $3.20, the asset may see a continuation of its bullish trajectory [1].

Source: [1] [10467] All Systems Go: $3.20 Becomes XRP’s Launch Zone as SEC Reboots the Rulebook – https://coinpaper.com/10467/all-systems-go-3-20-becomes-xrp-s-launch-zone-as-sec-reboots-the-rulebook