Altcoins News
By Evie Vavasseur
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Ripple CEO Brad Garlinghouse is set to appear before the United States Senate this week in a hearing that could shape the future of crypto regulation.
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The Senate Banking Committee has scheduled a hearing for Wednesday, where Garlinghouse is expected to make a case for clear and consistent regulations governing digital assets.
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This Senate session is especially timely, as legislators are considering multiple crypto-related bills that could significantly impact the industry.
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As the political scene prepares for a critical discussion, XRP’s market performance adds another layer of tension.
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A decisive close above $2.36 could open the door to a move toward $2.44, a level that could attract further buying interest. However, traders remain cautious.
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The broader crypto market remains in a holding pattern, with many large investors still in accumulation mode.
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In the background, there’s also growing speculation about whether regulatory developments could pave the way for an XRP exchange-traded fund (ETF).
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Ripple itself has remained active in pushing for greater industry adoption and regulatory clarity.
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Nevertheless, Garlinghouse’s upcoming Senate testimony could be a pivotal moment not only for Ripple but for the entire crypto sector.
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Currently, XRP trades around $2.53, down slightly by 0.8% in the last 24 hours. While this level is above recent lows, it still falls short of the critical resistance that could…
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If XRP breaks above its current resistance and lawmakers take steps toward regulatory clarity, the token could be set for a stronger rally.
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As attention shifts to Washington and traders eye XRP’s next move, both political and financial developments are aligning to create a high-stakes moment.
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