XRP Price Down 15% Despite ETF Optimism and SEC Shake Up – Ripple at $2 or $3 First?
The XRP price failed to hold above the 50 SMA and has reversed lower to $2.50, which is right at the middle of the $2-$3 range, which defies the bullish or bearish sentiment.
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XRP’s Volatility and Resistance at Key Levels
XRP saw a 15% surge last week, fueled by increased whale activity and growing optimism surrounding regulatory clarity in the U.S. The approval of exchange-traded funds (ETFs) and the integration of real-world assets (RWA) into the XRP ledger contributed to bullish sentiment. However, market turbulence following the introduction of DeepSeek triggered volatility, sending XRP tumbling from its all-time high of $3.39. A flash crash in early February briefly pushed prices below $2, but strong buying pressure helped stabilize XRP within the $2.25 to $2.55 range.
This week, bullish momentum attempted to break out of that range, propelling XRP to $2.83 and above the 50-day simple moving average (SMA). However, resistance at the 50 SMA proved too strong, reversing the price downward over the weekend. The decline has accelerated today, raising concerns about whether XRP will revisit $2 before testing $3 again.
Regulatory Developments and SEC Reorganization
Despite XRP’s recent struggles, regulatory news appears to be shifting in a positive direction. Reports indicate that the SEC is halting all crypto-related appeals, including its ongoing case against Ripple. This follows the SEC’s recent decision to suspend legal proceedings against Coinbase and the Binance case, where the agency requested a two-month pause earlier in February.
Adding to the regulatory shake-up, the Trump administration removed SEC Chair Gary Gensler, a known opponent of digital currencies. He has been replaced by Acting SEC Chairman Mark Uyeda, signaling a potential shift in crypto regulation.
At the same time, Elon Musk’s newly established Department of Government Efficiency (DOGE) has sparked speculation about a possible investigation into the SEC. As part of a broader federal government reorganization and layoffs, there are growing expectations of significant changes at the regulatory agency.
Will XRP Rebound or Continue Declining?
While these regulatory shifts should theoretically be bullish for Ripple and the broader crypto market, XRP has yet to reflect this optimism in its price action. Instead, sellers have maintained control since the weekend, with the downtrend gaining momentum today. Investors are now closely watching whether XRP will find support near $2 or if bullish sentiment can drive a recovery back toward $3 and beyond. The 100 SMA (green) on the daily chart comes just below $2.40, which will be the first support indicator, followed by $2.27 as this month’s low. So, these two support levels should hold before XRP reaches $2. On the upside, buyers still have to face the 50 SMA (yellow) around $2.80 before reaching $3.
Ripple XRP Live Chart
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