XRP News Today: XRP Eyes $3.20 Support as SEC Shifts to Proactive Rulemaking

Ripple’s XRP is showing early signs of a bullish consolidation phase as it trades near the $3.20 level, with analysts identifying this as a critical threshold for potential upward momentum. Market analyst Lingrid notes that XRP has formed higher lows along an ascending trendline following a breakout and retest at $3.00, reinforcing a constructive price structure [1]. She argues that maintaining support above $3.20 is key to preserving bullish momentum, with the next target zone set at $3.70 [1].

The recent legal developments have also played a pivotal role in shaping XRP’s trajectory. Following the resolution of the long-standing Ripple–SEC legal dispute, XRP saw a sharp spike in trading volume and a brief surge to $3.36 [1]. While profit-taking has since tempered the rally, the $3.13–$3.15 support range continues to cap bearish pressure [1]. The removal of prolonged legal uncertainty has not only stabilized investor sentiment but also provided a foundation for broader regulatory clarity in the token market.

With the litigation finalized and both parties declining to pursue further appeals, Judge Analisa Torres’s 2023 rulings remain in effect, including a $125 million penalty and a narrow injunction on institutional XRP sales [1]. This legal resolution has effectively ended years of regulatory ambiguity, allowing market participants and industry advocates to push for a structured framework that promotes innovation while ensuring investor protection [1].

The shift in the SEC’s approach is being led by Chair Paul S. Atkins, who has emphasized moving from enforcement to proactive rulemaking [1]. In response to a public statement by Commissioner Hester Peirce, Atkins reiterated the agency’s commitment to “moving from the courtroom to the policy drafting table,” signaling a regulatory environment built on clarity and predictability [1]. This marks a departure from the agency’s previous reliance on litigation to address regulatory questions, a strategy that critics argued stifled innovation and created unnecessary legal hurdles for market participants.

Peirce, often referred to as “Crypto Mom” for her advocacy on behalf of digital assets within the SEC, has long argued that regulatory ambiguity forces innovators into costly court battles [1]. Her stance appears to have directly influenced Atkins’s renewed focus on rulemaking, particularly through initiatives like Project Crypto. Under this framework, the SEC aims to provide updated guidance on token classifications, registration processes, and custody standards, aligning with broader policy goals to foster domestic innovation and create a stable environment for capital formation.

For XRP, the convergence of favorable technical indicators and regulatory clarity is setting the stage for a potential breakout. Lingrid’s analysis suggests that a firm hold above $3.20 could reignite buying momentum and set the token on a path toward $3.70 [1]. Investors and traders are now closely watching whether the price can reclaim this level decisively, which would signal renewed confidence in the asset’s long-term potential.

As the SEC moves toward a more structured regulatory approach, the crypto market is likely to see a shift from reactive enforcement toward proactive governance. This transition, if sustained, could help reduce legal friction for market participants and encourage broader institutional adoption of digital assets like XRP. The regulatory environment, now more defined than it has been in years, may serve as a catalyst for renewed growth in the token economy.

Source:

[1] XRP Targets $3.20 Launchpad as SEC Reboots the Rulebook – https://coinpaper.com/10467/all-systems-go-3-20-becomes-xrp-s-launch-zone-as-sec-reboots-the-rulebook