XRP Surges Amidst SEC Shift, Eyes New All-Time High

XRP, the native cryptocurrency of the Ripple network, has recently gained momentum, with its price currently hovering around $2.74. This surge in price comes amidst significant market developments, including the U.S. Securities and Exchange Commission's (SEC) shifting stance on cryptocurrencies. With a market cap of $158.71 billion and a 24-hour trading volume of $3.83 billion, XRP continues to attract investor attention. This article explores the key factors driving XRP's price, including regulatory shifts, critical resistance levels, and predictions of a new all-time high.

The SEC's recent changes in its approach to cryptocurrency regulation have sparked optimism within the XRP community. Analysts suggest that the regulator's softer stance could ease legal pressures on XRP, potentially opening the door to institutional adoption. With XRP previously entangled in a high-profile SEC lawsuit, this shift marks a significant development for the asset's long-term growth potential. Market observers believe that increased regulatory clarity may support a positive price trend in the coming months.

Technical analysis highlights critical resistance levels that XRP must surpass to confirm a sustained uptrend. Currently, the $3.40 mark remains a pivotal point. According to analysts, breaching this level could signal bullish momentum and attract further buying interest. Additionally, XRP has recently crossed its 100-day Simple Moving Average (SMA) and surpassed the $2.70 resistance, reinforcing the potential for upward movement. Traders are closely watching for consistent closes above these levels to validate the bullish trend.

Analyst forecasts indicate the possibility of XRP reaching a new all-time high (ATH). A golden cross pattern, formed when the 50-day SMA moves above the 200-day SMA, has been identified—a historically reliable bullish indicator. One prominent analyst suggests that XRP could hit $5.80 if the current momentum persists, marking a significant rise from its previous ATH of $3.84. Factors such as increased adoption, positive regulatory developments, and technical strength contribute to this optimistic outlook.

XRP's market cap currently stands at $158.71 billion, with a circulating supply of 57.81 billion tokens. Despite a 49% decrease in 24-hour trading volume to $3.83 billion, the asset has demonstrated resilience by