XRP held a stable price of $3 just ahead of the White House report on crypto regulation, which redefines the US role in digital assets, stablecoins, and strategic reserves.
The price of XRP held steady at $3 on July 30, just ahead of the release of the White House's highly anticipated crypto policy report. This consolidation occurred amid high market volatility, driven by regulatory expectations and key monetary decisions.
Despite a drop in futures open interest from $10.940 billion to $8.570 billion and a reduction in trading volume, XRP managed to maintain its technical support, suggesting remarkable resilience in the face of uncertainty.
Source: CoinGecko
The stability of the cryptocurrency was favored by the Federal Reserve's decision to keep interest rates unchanged in the range from 4,25% to 4,5%Although two Trump-appointed governors voted for cuts, the committee majority opted for caution, citing “somewhat elevated” inflation and a subdued economy. This monetary stance, combined with the anticipation of the presidential address, created a consolidative environment for XRP, which moved sideways between $2,95 and $3,32.
A report that redefines the regulatory framework for digital assets
The report released on July 30 by the Presidential Task Force on Digital Assets, led by Bo Hines and supported by figures such as Treasury Secretary Scott Bessent and SEC Chairman Paul Atkins, marks a radical shift from the previous administration's regulatory approach to cryptocurrencies and digital assets, proposing a clear roadmap to make the U.S. the global center of crypto innovation.
As an reported In this way, for the first time, the US is seeking to draw clear lines between the SEC, which oversees securities, and the CFTC, which regulates futures and derivatives markets. Defining these two agencies' clear roles in the crypto market promises to end the confusion that has so slowed growth and confidence in the sector.
Furthermore, clearer and more defined regulations could be especially beneficial for companies like Ripple and, by extension, XRP. By establishing more transparent regulatory boundaries, these companies can operate with greater legal certainty, which not only facilitates their growth but also improves the perception of trust among investors and users. In such a scenario, the crypto market could experience a significant boost, attracting greater investment and fostering innovation that has so far been limited by a lack of regulatory clarity.
What does it mean for XRP?
Although the recent report from the digital asset task force didn't directly mention the strategic reserve for Bitcoin and other altcoins, Hines, a key figure in this field, made it clear that the government's commitment to these projects remains strong. He believes these initiatives will be instrumental in positioning the country as a global leader in the crypto market, and that giving them strategic priority is part of that long-term plan.
In this context, XRP's inclusion in strategic reserve discussions underscores the cryptocurrency's growing influence within the institutional community. Despite declining trading volumes, recent activity from large investors points to positive sentiment and confidence in its upside potential.
A new horizon for the crypto market
With the report now published and interest rates unchanged, the crypto market is in a transitional phase. For XRP, its next steps will depend on how regulatory recommendations are implemented and whether its inclusion in the U.S. strategic reserves is confirmed.
If Congress moves forward with proposed market structure legislation for cryptocurrencies by passing the CLARITY Act, and the SEC greenlights new cryptocurrency ETFs, XRP could break above its current ATH resistance of $3,65 and approach $5,90, as several analysts suggest. Otherwise, if the implementation is delayed or the market remains cautious, XRP could continue consolidating between $2,95 and $3,32. In a bearish scenario, analysts suggest XRP could reach $2,50.
Beyond its price, the White House report opens a new page in US cryptocurrency regulatory policy. This new clarity, coupled with a stance that combines smart regulation and innovation, could lay the foundation for sustained and robust development of the digital ecosystem, affecting not only XRP, but also stablecoins and the entire crypto universe.
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