XRP, BTC Price Action & SEC v. Ripple Update

SEC v. Ripple: Awaiting Key Meeting

The SEC v. Ripple case continues to impact XRP prices. Investor focus is on a closed-door SEC meeting scheduled for May 29th, which may determine the resumption of settlement negotiations. Judge Torres' previous denial of the SEC's request for an indicative ruling, citing procedural errors, has increased market uncertainty.

XRP prices have fallen since the court ruling, dropping from $2.6507 to $2.2659 on May 25th. This reflects growing concerns about the legal stalemate.

XRP Price Outlook: Navigating Legal Risks

XRP's short-term price is highly dependent on the outcome of the SEC meeting and any subsequent court filings. Technical support sits at $2.26. Breaking above the May 12th high of $2.6553 could indicate a move towards $3.00, potentially reaching the all-time high of $3.5505.

XRP closed at $2.3426, up 0.57%, slightly underperforming the broader market's 0.95% increase.

Bitcoin: Tariff Relief and Legislative Momentum

In contrast to XRP's legal battles, Bitcoin's (BTC) price action has been influenced by trade developments. A delay in the 50% tariff on EU goods, announced on May 25th, caused a short-term surge in BTC, peaking at $109,315 before retracting slightly.

Further influencing BTC's long-term outlook is the potential passage of the Bitcoin Act, which proposes the US government purchasing one million BTC over five years. Growing state-level support, with bills passed in Texas, Arizona, and New Hampshire, adds further optimism.

BTC Price Outlook: Legislation and ETF Inflows

BTC closed at $109,096 on May 25th, up 1.15%. The near-term outlook depends on legislative progress, economic indicators, and ETF flows.

• Bearish Scenario: Renewed trade tensions, legislative setbacks, economic concerns, and ETF outflows could push BTC below $100,000.
• Bullish Scenario: Easing trade tensions, positive economic data, Bitcoin Act progress, and ETF inflows could drive BTC above its record high of $112,912, targeting $115,000.

What to Watch

Investors should monitor developments in the Ripple case, crypto legislation, and key economic indicators. These factors will greatly influence market sentiment and the future price action of both XRP and BTC. Codeum offers expert services in smart contract audits, KYC verification, custom development, and more, ensuring the security and success of your blockchain projects.