Growing confidence in achievable U.S. crypto rules is rising as the SEC 
signals readiness to advance digital-asset policy under existing authority, 
hinting at long-awaited clarity that could accelerate industry participation 
and strengthen the nation’s competitive footing. US Market Stirs as SEC 
Targets One-Month Window for Innovation Relief Growing optimism around clearer 
crypto regulation gained momentum […]

SEC Chair Signals 1-Month Countdown With Innovation Exemption Near

XRP price started a recovery wave above $2.150. The price is now showing 
positive signs and might surge if it clears the $2.250 pivot level. XRP price 
started a recovery wave above the $2.120 zone. The price is now trading above 
$2.150 and the 100-hourly Simple Moving Average. There is a short-term 
contracting triangle forming with resistance at $2.20 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could continue to move up 
if it settles above $2.250. XRP Price Eyes Upside Break XRP price remained 
supported above $2.00 and started a recovery wave, like Bitcoin and Ethereum. 
The price was able to climb above $2.050 and $2.10 to enter a positive zone. 
There was a clear move above the 61.8% Fib retracement level of the downward 
move from the $2.2750 swing high to the $1.9844 low. However, the price is now 
facing resistance near $2.220. There is also a short-term contracting triangle 
forming with resistance at $2.20 on the hourly chart of the XRP/USD pair. The 
price is now trading above $2.150 and the 100-hourly Simple Moving Average. It 
seems to be consolidating near the 76.4% Fib retracement level of the downward 
move from the $2.2750 swing high to the $1.9844 low. If there is a fresh 
upward move, the price might face resistance near the $2.20 level. The first 
major resistance is near the $2.220 level. A close above $2.220 could send the 
price to $2.250. The next hurdle sits at $2.350. A clear move above the $2.350 
resistance might send the price toward the $2.40 resistance. Any more gains 
might send the price toward the $2.450 resistance. The next major hurdle for 
the bulls might be near $2.50. Downside Correction? If XRP fails to clear the 
$2.250 resistance zone, it could start a fresh decline. Initial support on the 
downside is near the $2.180 level. The next major support is near the $2.150 
level. If there is a downside break and a close below the $2.150 level, the 
price might continue to decline toward $2.10. The next major support sits near 
the $2.050 zone, below which the price could continue lower toward $2.00. 
Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in 
the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD 
is now above the 50 level. Major Support Levels – $2.180 and $2.150. Major 
Resistance Levels – $2.220 and $2.250.

XRP Price Nears Breakout Zone, Suggesting a Potential Rally May Be Brewing

Tron&#8217;s growing stablecoin inflows highlight its increasing role as a crucial 
infrastructure in global digital finance and web3 transactions.
The post Tron sees $931.7M stablecoin inflow in last 24 hours appeared first 
on Crypto Briefing.

Tron sees $931.7M stablecoin inflow in last 24 hours

Connecticut has sent cease and desist letters to Robinhood, Crypto.com and 
Kalshi, claiming the platforms&#8217; event contracts are unlicensed sports betting.

Connecticut orders Robinhood, Crypto.com, Kalshi to stop prediction markets

A cryptocurrency analyst has pointed out how the next XRP support may be $1.2 
if the lower level of the asset&#8217;s Parallel Channel breaks down. XRP Is 
Currently Above A Parallel Channel&#8217;s Support Level In a new post on X, analyst 
Ali Martinez has shared a pattern that has been forming in the 3-day price of 
XRP. The pattern in question is a Parallel Channel, a type of consolidation 
channel in technical analysis (TA). Related Reading: Bitcoin Blasts To 
$92,000, Liquidating $182 Million In Shorts A Parallel Channel appears 
whenever an asset&#8217;s price consolidates between two parallel trendlines. The 
upper level of the pattern tends to be a source of resistance, while the lower 
one that of support. Together, the two lines keep the asset locked in the 
range between them. Either of the levels not holding up can imply a 
continuation of the trend in that direction. This breakout is bullish when the 
price breaks the upper level, while bearish in the case of the lower one. 
Based on how the channel is aligned relative to the graph axes, Parallel 
Channels can be divided into a few types. The Ascending Channel corresponds to 
the case when the channel has a positive slope. Similarly, the Descending 
Channel is the type where consolidation occurs to a net downside. The channel 
that XRP has been following over the past year falls in neither category, 
however, as it belongs to the third and simplest case: a Parallel Channel 
that&#8217;s also parallel to the time-axis. This pattern naturally signifies a 
phase of true sideways movement in the price. Now, here is the chart shared by 
Martinez that shows the Parallel Channel that the 3-day price of XRP is 
trading inside: As displayed in the above graph, the 3-day XRP price recently 
retested the Parallel Channel&#8217;s lower level situated at $2. The coin has since 
rebounded, indicating that support is holding for now. In the scenario that 
the coin returns to the level and a retest fails, the analyst has noted that 
the next level that stands out is the $1.2 level. This level and the support 
line are separated by the same distance as the height of the Parallel Channel. 
It now remains to be seen how XRP will develop in the near future and whether 
the rebound will continue to hold. Related Reading: Bitcoin Long-Term Holders 
See First Uptick Since April Lows: Bullish Sign? XRP isn&#8217;t the only 
cryptocurrency that has been following a Parallel Channel recently. As 
Martinez has pointed out in another X post, Ethereum&#8217;s daily price has 
seemingly been trading inside such a pattern for a few years now. XRP Price 
XRP has shot up alongside the rest of the cryptocurrency sector as its price 
has recovered to $2.17. Featured image from Dall-E, charts from 
TradingView.com

Cryptocurrency price in PKR