XRP News Today: Senate Crypto Bill Puts $3 XRP Forecast in Play
The price action underscored XRP’s sensitivity to crypto-related regulatory developments on Capitol Hill, driven by the resolution of the SEC vs. Ripple case.
The US Court of Appeals approved Ripple and the SEC’s appeal withdrawal motions on August 22. The court ruling legitimized XRP as a non-security, paving the way to the US XRP-spot ETF market.
XRP Bullish Outlook Intact
XRP-spot ETF flow trends and crypto-related legislative developments reaffirmed the bullish short-term (1-4 weeks) outlook, with a $2.5 price target. Meanwhile, increased utility, expectations of Fed rate cuts, and the Senate passing the Market Structure Bill reinforce the positive longer-term price…
