XRP News Today: SEC's Project Crypto Sparks Market Jitters XRP Falls 3.57% SOL Under $170

The U.S. Securities and Exchange Commission’s Project Crypto initiative, introduced on August 1, 2025, aims to establish clearer regulatory guidelines for blockchain and cryptocurrency markets, with a focus on enhancing transparency and investor protection [1]. However, the announcement triggered immediate market volatility, as traders reacted cautiously to uncertainties surrounding enforcement timelines and the initiative’s scope. XRP and Solana (SOL) both experienced sharp price declines, with XRP falling below $3 and SOL dropping under $170 [2]. Technical indicators highlighted oversold conditions and sustained bearish momentum, signaling continued downward pressure in the short term [3].

XRP’s price dropped below $3, reaching as low as $2.89, with trading volume surging due to intensified selling. Hourly charts showed a prominent red candle, while the RSI and MACD indicators confirmed bearish momentum [4]. Despite expectations that regulatory clarity might benefit XRP, short-term traders opted to lock in profits amid broader uncertainty, causing a 3.57% decline in the latest session [5]. Solana, too, saw a notable drop, stabilizing near $167.29 after a session low of $166.13. The On-Balance Volume (OBV) declined, further confirming sustained selling pressure [6].

Market analysts have warned that Project Crypto, while intended to provide long-term regulatory clarity and legitimacy to blockchain markets, has been met with immediate caution from traders. The initial reaction suggests that market participants are anticipating potential enforcement complexities and possible delays in implementation [7]. This sentiment is reflected in the continued volatility observed in XRP and SOL, as investors remain on the defensive side [8].

Broader macroeconomic factors are also influencing the crypto market. U.S. tariff policy and inflation concerns have added to the uncertainty, amplifying volatility across digital assets. XRP’s struggle is evident in the XRP/BTC pair, which hit a significant level of 0.00002100 amid broader market turbulence [9]. Additionally, the ongoing legal battle between Ripple and the SEC appears to be reaching a critical phase, with the SEC delaying the appeal withdrawal in the case. The August 15 deadline for appeal submissions is seen as a potential catalyst for near-term price movement [10].

The altcoin sector, including XRP, SOL, and Ethereum (ETH), has experienced significant liquidations following recent price rallies, indicating overextended positions and potential downward pressure [11]. Derivatives data suggests that market participants are positioning for further volatility, with risk management becoming a priority over optimism about regulatory clarity [12].

Given the convergence of regulatory, macroeconomic, and market-driven factors, XRP remains exposed to significant price swings in the near term. Legal developments in the Ripple-SEC case and broader regulatory signals from the U.S. will likely play a decisive role in shaping the token’s future performance. Investors are advised to monitor these developments closely as the regulatory landscape continues to evolve [13].

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Sources:

[1] https://en.coinotag.com/xrp-may-face-continued-volatility-amid-secs-project-crypto-regulatory-uncertainty/

[2] https://www.ainvest.com/news/xrp-news-today-xrp-btc-hits-0-00002100-analysts-warn-90-crash-risk-2508/

[3] https://www.mitrade.com/insights/news/live-news/article-3-1006127-20250801

[4] https://www.vritimes.com/sg/articles/eff2b400-6b2f-11ef-86e5-0a58a9feac02/48cd1d97-6e0a-11f0-99b6-0a58a9feac02

[5] https://coincentral.com/xrp-xrp-price-falls-20-from-all-time-highs-as-tariff-fears-trigger-sell-off/

[6] https://blockchainreporter.net/dont-expect-xrp-to-rush-to-new-highs-but-this-coin-could-enter-top-10-with-pepe-like-rally-in-2025/

[7] https://coincentral.com/top-5-cryptocurrencies-to-buy-in-august-2025/

[8] https://medium.com/@oreome/crypto-derivatives-pulse-volatility-trends-and-key-insights-39-9d771b8e8643

[9] https://www.ainvest.com/news/xrp-news-today-tariff-surge-sparks-global-trade-shifts-crypto-market-volatility-2508/

[10] https://www.binance.com/en/research/analysis/weekly-market-commentary-2025-08-01