News from "Coinpaper"

Market analysts suggest XRP is poised for a potential breakout towards $3.40, with technical indicators and growing adoption in payroll services supporting its bullish outlook.

XRP has broken above its descending resistance and is retesting the $2.96 support zone, signaling a bullish reversal with a potential target of $3.28, while Ripple's legal developments with the SEC may further influence its price trajectory.

The SEC has clarified that certain liquid staking activities may not qualify as securities, marking a pro-crypto stance, though internal divisions remain among commissioners.

The article covers various developments in the cryptocurrency space, including regulatory actions, market trends, and institutional investments.

XRP shows signs of a potential trend reversal with increased corporate commitments nearing $1 billion, while market analysts remain cautious about its sustainability.

SEC Chair Paul Atkins' pro-crypto speech signals a regulatory shift favoring blockchain innovation, DeFi, and financial super apps, with potential market impacts still underestimated.

Brazil is considering allocating up to 5% of its $300 billion treasury reserve to Bitcoin, following a global trend initiated by a US executive order, while institutional investments in crypto ETFs continue to surge.

Polymarket predicts an 86% chance of SEC approval for a spot XRP ETF, driven by legal clarity for Ripple, institutional interest, market maturity, and regulatory shifts. Ripple has also applied for a national trust bank charter with the OCC, aiming to enhance its financial infrastructure.

Market analyst Lingrid predicts XRP could reach $3.40 if it holds its current trendline, while Ripple ranks as the 23rd most valuable private company globally, highlighting its growth and enterprise-grade crypto solutions.

David Bailey, Bitcoin Magazine CEO, aims to advance Bitcoin through a $200 million political action committee (PAC) focused on promoting Bitcoin initiatives and education, despite some industry caution.