XRP Shows Signs of Potential Short-Term Rebound Amid Shifting US Crypto Regulations

Key Points

1. XRP's bullish divergence on its four-hour chart suggests a potential 20% price rally by the end of August, with the RSI indicating weakening selling pressure.

2. Crypto companies are reshoring to the US due to clearer regulations and strong political backing, as highlighted by SEC Chair Paul Atkins.

3. Project Crypto, an SEC initiative, aims to modernize regulatory frameworks for early-stage crypto projects, fostering innovation without excessive legal burdens.

4. 99% of CFOs at billion-dollar firms plan to use cryptocurrency long-term, with 23% expecting adoption within two years, despite concerns about price volatility and regulatory uncertainty.

5. Crypto hacks totaled over $142 million in July, a 27% increase from June, with CoinDCX suffering the largest loss due to an internal breach.

6. The UK's Financial Conduct Authority (FCA) lifted its ban on crypto ETNs for retail investors, effective October 8, marking a shift in regulatory approach.

7. Roman Storm, co-founder of Tornado Cash, faces trial for alleged money laundering, raising questions about developer liability for decentralized software misuse.