XRP News Today: XRP Surges 3.7% on Pro-Crypto SEC Chairman's Comments

XRP, the native asset of the Ripple network, has experienced a 3.7% increase in the past 24 hours, currently trading at $2.54. This surge follows positive comments from the new Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, regarding his plans for the crypto industry. Atkins, a pro-crypto official appointed by the Trump administration, emphasized the need for the SEC to keep pace with innovation and consider regulatory changes to accommodate on-chain securities and other crypto assets. He also highlighted the agency's commitment to fulfilling the President’s vision of making America the “crypto capital of the world.”

Atkins' stance on crypto is a significant development for XRP, as it suggests a more favorable regulatory environment for the token. This positive outlook has contributed to a bullish sentiment among investors, with buying pressure at its highest point in months. The token has now recovered from its session lows following a deal between the U.S. and China to cut tariffs for 90 days while they negotiate a final agreement. Tariffs will stand at 10% on both sides for the time being.

According to Elliott Wave Analysis, XRP has a target of $7.14. The token has delivered gains of 22.7% so far in 2025, making it the best-performing crypto asset of the top 5 during this period. After bouncing off the 200-day exponential moving average (EMA), XRP may have gathered the necessary fuel to start moving to new heights. The first and most relevant resistance up ahead is the $3.4 level. A bullish breakout above this price zone will confirm the target highlighted in the chart of $7.14 as it would mark the beginning of wave #5 for XRP. Moving forward, as long as the 200-day EMA support holds, any pullbacks should be considered a buying opportunity.

XRP’s prospects are quite promising, but the highest upside potential during altcoin season will likely come from the best crypto presales. SUBBD (SUBBD) is one such project, launching a new platform for content creators that leverages the power of blockchain technology to help them keep a higher share of their earnings and avoid the unfair bans imposed by centralized alternatives. Since its presale event kicked off in early April, the project has raised $400,000 to start building the SUBBD ecosystem. The $SUBBD token will allow creators to get a say in the platform’s governance and will allow them to cash out their earnings almost instantly. Meanwhile, fans will get discounts, early access to new features, and the possibility of paying for custom requests through the use of this token. More than 2,000 creators with a combined following exceeding 250 million users have already been brought in to SUBBD. As their fans progressively embrace this new platform, the demand for the ecosystem’s native asset will explode.