Ripple’s XRP rally fueled by growing institutional interest as SEC forms crypto task force
- XRP has maintained positive momentum following the SEC’s launch of a crypto task force headed by Commissioner Hester Peirce.
- The crypto task force launch could help resolve the SEC’s case against Ripple and allow the approval of XRP ETFs.
- XRP could stretch its massive uptrend to set a new all-time high above $3.55 as it develops a bullish flag pattern.
Ripple (XRP) is up 3% on Wednesday after the Securities and Exchange Commission (SEC) announced the formation of a new cryptocurrency task force. This task force is responsible for developing a more comprehensive framework for digital assets. In light of this announcement, asset managers have begun increasing their filings for an XRP exchange-traded fund…
