XRP News: SEC Prioritizes Ripple and Kraken Crypto Cases Amidst Agency Shifts

The Securities and Exchange Commission (SEC) is currently facing critical deadlines in several major cryptocurrency cases, with shifts in its approach to handling these matters. Here's a closer look at the latest developments.

SEC Faces Critical Deadlines in Major Crypto Cases as Agency Shifts Direction

The SEC is reportedly prioritizing crypto cases with imminent court deadlines, such as Ripple and Kraken, while easing up or pausing other litigations. Ripple's next court deadline is April 16, Kraken's is March 31, and the Binance case is paused until April 1. The agency could be waiting for the confirmation and placement of Paul Atkins as chair, with the crypto task force, Congress, and the Presidential Working Group on Digital Assets presumably continuing their work.

XRP Stuck Below $3 as Whale Numbers Decline; RSI Recovers After Touching Oversold Levels

XRP remains below $3 as whale addresses decline slightly, indicating caution among large holders. However, the numbers remain historically high, showing continued interest. XRP could challenge resistance at $2.83 or test support at $2.52 if selling pressure intensifies. Meanwhile, XRP's Relative Strength Index (RSI) has recovered from almost touching oversold levels, currently at 55.1, suggesting balanced momentum.

TD Sequential Gives Buy Signal for XRP

A cryptocurrency analyst has identified a bullish setup on the hourly XRP price chart using the Tom Demark (TD) Sequential indicator. The indicator, which is used to predict probable reversal points in asset prices, has given a buy signal for XRP. The analyst, Ali Martinez, discussed this signal in a new post, highlighting the two phases of the TD Sequential: setup and countdown. During the setup phase, candles of the same polarity are counted up to nine, and once these candles are printed on the chart, the indicator gives a reversal signal. The countdown phase then begins, signaling a potential price reversal.

XRP Bulls Eye $6 with Potential Breakout

Crypto analyst Egrag Crypto (@egragcrypto) has outlined potential upside targets for XRP, ranging from $4–$6 in the NEAR term to $33–$60 over the long haul. The chart focuses on historical resistance levels, Fibonacci extension points, and a multi-phase Parabolic Arc formation. Currently, XRP is trading near $2.67 and contending with a critical resistance level between $2.75 and $3.00. A monthly close above $3.00 would strongly suggest a bullish continuation.