XRP News Today: XRP Drops 15% as SEC Silence Drives Investors to Cloud Mining

XRP has faced increased selling pressure as the Securities and Exchange Commission (SEC) has remained silent following a closed-door meeting regarding the Ripple case. This silence has dashed hopes for a second court filing that could have provided an indicative ruling on the settlement terms. The proposed settlement terms included lifting the ban on selling XRP to institutional investors and reducing the $125 million fine. As a result, many XRP investors have turned to XY Miners for more stable returns, earning up to $3,777 per day through cloud mining.

Traditional mining methods require significant investments in expensive mining machines, dealing with heat dissipation, electricity costs, and maintenance risks. In contrast, cloud mining allows users to mine cryptocurrencies such as Dogecoin and Bitcoin through remote servers. Users only need to register on a platform and select a contract to start earning cryptocurrencies. This method offers a more accessible and less risky way to participate in crypto mining, especially for those seeking stable returns in a volatile market.

XRP's price has been under significant pressure, with technical indicators suggesting a bearish outlook. The token broke below its trend line support and retested its second-best higher high from below, confirming a break of structure. The 9-day exponential moving average (EMA) has posted a bearish crossover with the 21-day EMA, known as a ‘death cross,’ which marks a significant shift in both momentum and trend direction. This technical phenomenon has historically led to a drop in XRP's price, and analysts predict that the token could dive to $1.93, which is within the market’s normal range of a 10% to 15% pullback. This would mean a bearish breakout below the 200-day EMA but would still be above the token’s 2025 low of $1.60.

Momentum indicators also show a steady drop, with the Relative Strength Index (RSI) moving below the 50 level and the MACD’s histogram posting increasingly higher negative readings for eight consecutive days. This bearish momentum has gained traction, and the price has been on a vertical downtrend since Wednesday, retesting the $2 level during the weekend. The RSI has touched oversold levels twice in just 48 hours and has not managed to bounce back strongly, indicating that sellers are in full control. This control could be a result of the proposed tax bill on foreign investors, which has added to the market's bearish sentiment.

With the SEC’s silence casting further uncertainty over the Ripple case, XRP investors are understandably seeking more stable and predictable returns. As the token shows signs of continued bearish pressure, many holders are shifting their focus to alternative passive income solutions. XY Miners presents a timely opportunity for investors to weather crypto market volatility through automated cloud mining. Offering ease of entry, low upfront costs, and daily returns of up to $3,777, XY Miners enables both new and seasoned crypto users to earn consistent rewards without the complexity of traditional mining setups. As market turbulence continues, cloud mining could become the go-to option for those seeking growth without the guesswork.