XRP News Today: Can XRP Recover? SEC’s Next Move Could Be the Game-Changer

XRP Extends Losses Amid SEC Appeal Speculation

XRP dropped for the third consecutive session on Sunday, March 9. US President Trump’s U-turn on a multi-crypto Strategic Reserve Asset continued weighing on market sentiment. His Executive Order, establishing a national Strategic Bitcoin (BTC) Reserve (SBR), ended hopes of XRP’s inclusion as a crypto Strategic Reserve Asset.

Selling pressure intensified over the weekend amid ongoing uncertainty about the SEC’s appeal against the Programmatic Sales of XRP ruling in the Ripple case. Since Acting SEC Chair Mark Uyeda formed the Crypto Task Force, the SEC has:

• Dismissed enforcement cases against Coinbase (COIN) and Kraken.
• Closed its investigations into Opensea, Robinhood (HOOD), and Uniswap.
• Requested stays in the Binance and Lejilex cases.
• Withdrawn its appeal against rulings in the Blockchain Association and Crypto Freedom Alliance of Texas (CFAT) case.

Despite these developments, the SEC has remained silent on its appeal strategy in the Ripple case, leaving market participants to speculate on a potential withdrawal.

Last week, former SEC Office of Internet Enforcement Chief John Reed Stark reacted to the Kraken case dismissal, stating:

“The SEC Kraken Case Bites the Dust. The Unprecedented Demolition of SEC Crypto-Enforcement Continues at a Furious Pace. Next Up Ripple for Sure.”

Why Is the SEC Silent on Its Appeal Strategy

Several reasons could explain the SEC’s silence regarding its Ripple appeal strategy:

• Ongoing Negotiations: Ripple and the SEC may be negotiating Judge Torres’ Final Judgment, with Ripple aiming to vacate some or all of her rulings.
• Regulatory Timing: Acting Chair Uyeda and Commissioner Hester Peirce have time. Given the next court filing deadline in the Ripple case is April 16, the SEC may be awaiting Paul Atkin’s confirmation before making a decision.

XRP Price Trends: SEC Appeal and XRP-Spot ETFs in Focus

On Sunday, March 9, XRP plunged 8.22%, adding to Saturday’s 2.50% loss, closing the session at $2.1352. XRP underperformed the broader crypto market, which slid 6.41% to a total market cap of $2.61 trillion.

While the SEC’s appeal strategy and Trump’s multi-crypto Reserve Asset remain headwinds, broader risk aversion is also pressuring crypto assets. Trump’s tariff policies, weaker US economic data, and rising recession fears have fueled a flight to safety.

Key factors influencing XRP’s price outlook include:

• US Strategic Reserve Asset: A renewed push for a multi-crypto reserve could lift XRP sentiment.
• SEC Appeal Strategy: Dropping the appeal could drive XRP past its $3.55 all-time high, while prolonged legal uncertainty could push prices below $1.50.
• XRP-Spot ETF Developments: Regulatory approval of an XRP-spot ETF could drive institutional inflows, potentially pushing prices toward $5. However, if the SEC proceeds with its appeal, then approval prospects could diminish.
• Macro Risks: Tariff escalations or weaker US economic data could drag XRP below $2 while easing trade tensions, and positive economic data could support a recovery toward $2.50.

Read expert analysis on what could drive XRP to new highs here.

Bitcoin Slides to $80K as Risk Sentiment Sours

On March 7, BTC tested buyer demand at $80k for the first time in nine sessions. President Trump’s SBR Executive Order fell short of market expectations, weighing on BTC demand.

Markets had anticipated a significant BTC purchase to add to its 198,109 BTC stockpile. However, Trump’s Executive Order (EO) only tasked the US Treasury Department and Commerce Department to develop budget-neutral BTC acquisition strategies.

The EO contrasted with prior speculation that the Trump administration would acquire 500k BTC soon after Trump’s inauguration. In January, Anthony Scaramucci speculated:

“They’ll probably buy another four or five hundred thousand BTC. Let me tell you why I think it will happen ok. Trump wants it to happen and he’s got the Senate Banking Committee. Tim Scott wants it to happen. He’s going to be the chair of the Senate Banking Committee. Bessent wants it to happen.”

Trump’s silence on BTC acquisition plans, combined with growing risk aversion, fueled US BTC-spot ETF outflows, further pressuring BTC demand.

Senator Lummis’ Bitcoin Act Crucial for BTC Demand

While Trump’s EO disappointed markets, Senator Cynthia Lummis’ Bitcoin Act could change the narrative. The bill proposes that the US government purchase one million BTC over five years with a 20-year mandatory holding period. If Congress passes the act, BTC’s supply-demand balance could shift significantly, potentially driving prices to new highs.

On March 7, Senator Lummis commented on President Trump’s call for Congress to get digital asset legislation on his desk before the August recess, stating:

“We are on it, Mr. President! We must secure America’s financial future.”

Bitcoin Price Scenarios: Key Levels to Watch

On March 9, BTC tumbled 6.41%, following Saturday’s 0.59% loss, closing at $80,736. Trump’s Executive Order, tariff policies, and recession fears triggered BTC-spot ETF outflows. These pressured BTC’s supply-demand balance.

Potential price scenarios:

• Bearish: Trade tensions rise, opposition to the Bitcoin Act, and accelerating BTC-spot ETF outflows could drag BTC below the February 28 low of $78,174.
• Bullish: Easing trade tensions, lawmakers support the Bitcoin Act, and ETF inflows, could drive BTC toward $109,312.

Market Outlook: Catalysts Driving Crypto Trends

Several macro and regulatory factors will shape crypto market sentiment in the coming weeks:

• SEC Appeal Decision: If the SEC withdraws its appeal, it could trigger a broad crypto rally.
• US Tariff Policy & Inflation: Higher tariffs may delay Fed rate cuts, impacting risk appetite.
• US Economic Data: Key inflation reports will influence Fed policy and crypto volatility.
• Strategic BTC Reserve: Progress toward a national SBR could boost institutional adoption.
• BTC-Spot ETF Flows: Institutional demand remains a key driver for BTC price movements.

A potential SEC withdrawal from the Ripple appeal could be a major bullish catalyst for XRP and the broader market. However, US regulatory clarity will remain crucial for institutional sentiment moving forward.

Stay updated with our latest insights here.