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Cryptocurrency News Articles
Will a New SEC Chair Drop the Case Against Ripple and Trigger a $10 XRP Breakout?
Feb 05, 2025 at 04:54 am
XRP is trading at approximately $2.38, which is a 17.7% decline over the past 24 hours. The RSI sits at 26, which means that the project is in oversold territory.
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As XRP continues to trade below $3, and a new SEC chair might be appointed, let’s take a look at the possibility of XRP reaching $10.
Meanwhile, PlutoChain ($PLUTO) is emerging as a Layer-2 solution that could enhance Bitcoin’s speed, affordability, and versatility. Here’s how it works.
Let’s dive into the details.
Could a New SEC Chair Drop the Case Against Ripple, Leading XRP to $10?
XRP is currently trading at approximately $2.38, indicating a decline of nearly 17.7% over the past 24 hours. The Relative Strength Index (RSI) for XRP sits at 26, indicating that the project is in oversold territory.
In a recent development, Ripple Chief Legal Officer Stuart Alderoty expressed optimism that the SEC, under Paul Atkins, might reconsider its enforcement actions against crypto firms — including Ripple.
Speaking at XRP Community Day 2025, Alderoty highlighted the SEC’s approach of regulating through lawsuits, emphasizing that it’s not the right way to move forward. He noted that there’s a real chance the SEC could walk away from its case against Ripple in 2025.
Furthermore, Alderoty pointed to a shifting political climate, noting that the Trump administration has been more crypto-friendly, with initiatives like a digital asset working group and an SEC crypto task force.
If Congress and the White House remain pro-crypto, he believes that new legislation could provide clearer rules by the end of 202
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