Thursday, June 5, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • Learn
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • Learn
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

SEC Ends Robinhood Crypto Probe, XRP Eyes Breakout as Market Awaits Ripple Decision

Munene Timothy by Munene Timothy
February 25, 2025
in Binance Feed, Market
Reading Time: 5 mins read
SEC Ends Robinhood Crypto Probe, XRP Eyes Breakout as Market Awaits Ripple Decision
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • The SEC’s decision to close the Robinhood Crypto case suggests a softer regulatory stance, boosting optimism in the crypto market.
  • XRP is consolidating within a falling wedge, with potential breakout targets at $3.44, $4.21, and $4.95 if key resistance levels are surpassed.
  • Despite XRP’s 32% monthly decline, its trading volume surged by 174%, indicating strong market interest as regulation stance shifts.

The U.S. Securities and Exchange Commission (SEC) has dropped its investigation into Robinhood Crypto without taking any enforcement action. This decision is another reversal of regulatory actions initiated during the Gensler era. 

Robinhood announced the SEC’s decision on February 24, stating that the investigation should not have been initiated. The closure of this case follows a series of similar moves, raising speculation about the SEC’s shifting stance on crypto regulations.

Related articles

Ethereum and Altcoins Enter Accumulation Zone as Fed Liquidity Shift Looms

Ethereum and Altcoins Enter Accumulation Zone as Fed Liquidity Shift Looms

June 4, 2025
Musk Faces Backlash Over Anti-Spending Remarks as Report Reveals $38B in Government Support

Musk Faces Backlash Over Anti-Spending Remarks as Report Reveals $38B in Government Support

June 4, 2025

SEC’s Changing Approach 

Robinhood responded to the SEC’s decision, emphasizing that its crypto division has always adhered to federal securities laws. The company stated that it appreciates the SEC’s decision to close the investigation without any action and reaffirmed that Robinhood Crypto has consistently complied with regulations.Robinhood CEO Vlad Tenev described the outcome as a victory for justice, adding, 

“Now, it’s time to focus on pro-innovation policies that unlock the full potential of digital assets in America.” 

This has led to optimism among analysts and the market who see this as a sign of regulatory easing. Analyst Crypto Rover sees the decision as bullish for the market, expressing that the SEC’s move to close the Robinhood Crypto case without enforcement shows a positive outlook for the crypto market.

Ripple Awaits Decision Amid SEC’s Recent Case Drops

The SEC has also dropped cases against Coinbase and OpenSea, further leading to perception of a softened regulatory approach. Good Morning Crypto emphasized this, pointing out that the SEC has now ended multiple investigations, including those involving OpenSea, Coinbase, and Robinhood. 

He suggested that this shift in approach may indicate that the SEC is becoming more crypto friendly and called for the agency to conclude the Ripple XRP case as well. Despite these changes, the SEC has not clarified its stance on appealing the ruling on Ripple’s Programmatic Sales of XRP. 

SEC dropped the case against Opensea.

SEC dropped the case against Coinbase.

SEC dropped the case against Robinhood.

THE SEC IS PRO-CRYPTO, IT’S TIME TO END THE RIPPLE $XRP CASE! 🙌🇺🇸

— Good Morning Crypto (@AbsGMCrypto) February 24, 2025

Many in the crypto are hopeful that the agency may reconsider its approach, given its recent withdrawals. It is to be seen whether the SEC will proceed with its appeal or opt to close the case, similar to its recent actions.

XRP Price  and Technical Indicators

On February 25th, XRP was trading at $2.13, a 14.15% decline in the past 24 hours and a 17.13% drop over the past week. The digital asset has also fallen by 32.02% in the past month, leading to a market cap drop to $123.46 billion. 

Tether’s USDT has overtaken XRP as the third largest cryptocurrency, with a market cap of $142.32 billion. Despite XRP’s price decline, trading volume has surged by 174.38% in the last 24 hours, reaching $9.96 billion. 

Analyst Rose pointed out that XRP is consolidating within a falling wedge pattern, a pattern that often precedes a bullish breakout. The breakout range prediction is between $2.60 and $2.75, with targets at $4.21 and $4.95 if the breakout occurs.

Source: Rose

The 0.382 Fibonacci retracement level is at $2.90, an early resistance. The 0.5 Fib level aligns with $2.75, being the critical support. A breakout above these levels could push XRP to $3.44 initially, with further resistance at $4.21 and $4.95. 

However, failure to break resistance may result in continued consolidation or a drop to the $2–$2.10 range. The crypto market is highly responsive to regulatory developments, with XRP’s technical setup hinting at a potential breakout.

Tags: Ripple (XRP) NewsSEC News

Related Posts

Ethereum and Altcoins Enter Accumulation Zone as Fed Liquidity Shift Looms

Ethereum and Altcoins Enter Accumulation Zone as Fed Liquidity Shift Looms

by Munene Timothy
June 4, 2025

BlackRock grew its ETH holdings by 40% between Dec 2024 and June 2025, totaling $4B without ETH hitting past highs....

Musk Faces Backlash Over Anti-Spending Remarks as Report Reveals $38B in Government Support

Musk Faces Backlash Over Anti-Spending Remarks as Report Reveals $38B in Government Support

by Veronicah Peninah
June 4, 2025

Elon Musk’s companies have received at least $38 billion in government contracts, subsidies, and tax incentives since 2007. Arthur Hayes...

Demographics Drive Debt Surge, Fueling Bitcoin’s Appeal Amid Currency Debasement

Demographics Drive Debt Surge, Fueling Bitcoin’s Appeal Amid Currency Debasement

by Irene Mukiri
June 4, 2025

Aging demographics shrink labor force, forcing states into unsustainable debt cycles. Massive Fed liquidity injections quietly debase fiat, inflating hard...

Trump Family Crypto Tokens Surge MELANIA and TRUMP See Big Moves, WLFI Launches Airdrop

Trump Family Crypto Tokens Surge: MELANIA and TRUMP See Big Moves, WLFI Launches Airdrop

by Jonathan Carls
June 4, 2025

TRUMP token sees $46.97M exchange deposits, fueling speculation and high volume MELANIA rallies 6% as 20M tokens go to Wintermute,...

Hyperliquid (HYPE) Price Prediction for June 05 2025 Market Holds Steady Near Resistance

Hyperliquid (HYPE) Price Prediction for June 05 2025: Market Holds Steady Near Resistance

by Munene Timothy
June 4, 2025

HYPE trades at $36.65, up 77% monthly, showing strong uptrend with support near $33–$34 and resistance around $37.50–$40.00. RSI at...

Load More

Recent News

  • Ethereum and Altcoins Enter Accumulation Zone as Fed Liquidity Shift Looms
  • Musk Faces Backlash Over Anti-Spending Remarks as Report Reveals $38B in Government Support
  • Demographics Drive Debt Surge, Fueling Bitcoin’s Appeal Amid Currency Debasement
  • Trump Family Crypto Tokens Surge: MELANIA and TRUMP See Big Moves, WLFI Launches Airdrop
  • Hyperliquid (HYPE) Price Prediction for June 05 2025: Market Holds Steady Near Resistance

Popular News

  • Altcoins Slide as RIO Crashes 9% and XLM Holds Steady Amid $721M Liquidation

    Altcoins Slide as RIO Crashes 9% and XLM Holds Steady Amid $721M Liquidation

    193 shares
    Share 77 Tweet 48
  • Shiba Inu (SHIB) Price Prediction for May 18: Recovery Pause or Breakdown Ahead?

    192 shares
    Share 77 Tweet 48
  • Tariff Turmoil Boosts BTC as Traders Spot Early Signs of Buyer Comeback

    195 shares
    Share 78 Tweet 49
  • SUI Holds Strong After $220 Million Cetus Exploit, Eyes New Highs with Rapid Expansion

    191 shares
    Share 76 Tweet 48
  • Shiba Inu Price Prediction for May 10: Can SHIB Hit $0.000017?

    191 shares
    Share 76 Tweet 48

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Ethereum and Altcoins Enter Accumulation Zone as Fed Liquidity Shift Looms
Ethereum and Altcoins Enter Accumulation Zone as Fed Liquidity Shift Looms
June 4, 2025
Musk Faces Backlash Over Anti-Spending Remarks as Report Reveals $38B in Government Support
Musk Faces Backlash Over Anti-Spending Remarks as Report Reveals $38B in Government Support
June 4, 2025
Demographics Drive Debt Surge, Fueling Bitcoin’s Appeal Amid Currency Debasement
Demographics Drive Debt Surge, Fueling Bitcoin’s Appeal Amid Currency Debasement
June 4, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • Learn
  • About
  • Contact