{"content":"$XRP XRP is currently trading at $2.29, with a 0.90% decrease from its previous close price. Here's what's making headlines today ¹: Key Developments - *SEC Settlement Vote*: The US Securities and Exchange Commission (SEC) is set to hold a closed meeting today, May 29, which may decide whether XRP sales to institutions violate securities laws. This meeting could bring clarity to the ongoing Ripple vs. SEC case. - *Potential Impact on Price*: A favorable ruling could lead to both sides withdrawing their appeals and potentially driving XRP's price up to $2.65-$3.00. Currently, 98.3% of XRP wallets are in profit, which might increase the likelihood of short-term pullbacks amid legal uncertainty. - *XRP Ledger Activity*: On-chain activity on the XRP Ledger has plummeted by nearly 90% this month, casting doubt on the token's utility-driven value. - *XRP ETFs*: XRP ETFs are awaiting final SEC approval, with Bitwise already holding over 109 million XRP in cold storage. Market Performance - *Current Price*: XRP is trading around $2.28, with repeated rejections from a descending trendline at approximately $2.32. - *Resistance Zone*: Bulls need to reclaim the $2.32-$2.35 resistance zone to invalidate the bearish setup. - *Technical Indicators*: The Relative Strength Index (RSI) has dropped below the neutral 50 level, while the MACD remains below its signal line, indicating bearish momentum ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/29/52c98611d947414da570e306e04205d4.jpg"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}