XRP News Today: SEC Appeal and Crypto Reserve Chatter Drive Volatility; BTC at $86K

White House Crypto Summit Looms – Will the SEC Drop the Ripple Appeal?

The upcoming White House Crypto Summit was a key talking point on Tuesday, March 4. Trump’s crypto Strategic Reserve Asset announcement and shifting trade policies fueled market volatility, sending XRP to a high of $3.0018 before triggering a pullback to $2.2139.

However, XRP demand steadied on March 4 as investor focus shifted to Friday’s White House Crypto Summit. AI and Crypto Czar David Sacks confirmed that the summit will provide further details on the US Crypto Strategic Reserve Asset.

A breakdown of the planned Crypto Reserve Asset, outlining allocations for BTC, ETH, XRP, SOL, and ADA, could influence price trends. Cryptos with higher allocations could draw stronger demand.

Meanwhile, speculation is intensifying about whether the SEC will withdraw its appeal against the Programmatic Sales of XRP ruling in the Ripple case. The agency has already dropped its enforcement cases against Coinbase (COIN) and Kraken while reviewing its legal position in the Binance case.

President Trump’s plans to include XRP in a US Crypto Strategic Reserve Asset could pressure the SEC to expedite its appeal withdrawal. However, the US administration may face lawmaker resistance to XRP’s inclusion if the SEC pursues its appeal.

The SEC’s next closed meeting is on Thursday, March 6. Closed meetings allow SEC Commissioners to discuss and vote on crypto-related enforcement cases.

XRP Price Trends: SEC Appeal and Strategic Reserve Developments

On Tuesday, March 4, XRP gained 2.83%, partially reversing Monday’s 18.87% tumble to close at $2.4545. The broader market advanced by 1.51%, taking the total crypto market cap to $2.82 trillion.

Hopes of the SEC withdrawing its appeal and Trump’s plans for a Crypto Strategic Reserve Asset boosted XRP demand. However, until now, the SEC has remained silent on its appeal plans.

XRP’s price trajectory hinges on three key factors:

• US Strategic Reserve Asset: The administration’s crypto allocation and congressional response could influence market sentiment.
• SEC Appeal Strategy: A dropped appeal could send XRP beyond its $3.55 all-time high, while continued legal uncertainty may send prices below $1.50.
• XRP-Spot ETF Developments: The approval of an XRP-spot ETF could attract institutional inflows and drive prices toward $5.

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

Bitcoin Finds Tariff Relief Ahead of Crypto Summit

Crypto market sentiment improved on March 4, as investors considered US tariff developments. On March 4, President Trump’s Commerce Secretary Howard Lutnick reportedly said that Trump could roll back tariffs on Canada and Mexico, with an announcement likely on Wednesday, March 5.

Speculation about tariff relief supported a BTC rebound from a Tuesday session low of $81,485. However, a lack of clarity on US-China tariffs capped BTC’s gains.

US tariffs on Canada, China, and Mexico took effect on March 4, weighing on US markets. The Dow and S&P 500 closed the Tuesday session down 1.55% and 1.22%, respectively, while the Nasdaq Composite Index fell 0.35%.

US BTC-Spot ETF Market Faces Renewed Outflows

The US BTC-spot ETF market faced renewed outflow pressures on March 4 as investors considered the impact of tariffs on the Fed rate path. Higher tariffs drive inflation, potentially delaying Fed rate cuts. Rising borrowing costs could affect demand for risk assets, including BTC.

According to Farside Investors, key flow data for March 4 included:

• ARK 21Shares Bitcoin ETF (ARKB) had net outflows of $43.9 million.
• Bitwise Bitcoin ETF (BITB) reported net outflows of $24.0 million.
• Fidelity Wise Origin Bitcoin Fund (FBTC) saw net outflows of $46.1 million.
• Meanwhile, Grayscale Bitcoin Mini Trust (BTC) had net inflows of $35.8 million.

Excluding flow data for iShares Bitcoin Trust (IBIT), the US BTC-spot ETF market recorded $127 million in net outflows after $2.61 billion in outflows in the week ending February 28.

Flow trends reflected investor concerns about US tariffs and the US economic outlook, aligning with US equity market trends.

Bitcoin Price Scenarios: Key Levels to Watch

On March 4, BTC gained 1.28%, partially reversing Monday’s 8.61% tumble, closing at $87,301. BTC and the broader crypto market could face another choppy session on Wednesday, March 5.

The US ISM Services PMI, ADP employment change data, and tariff developments could influence risk sentiment.

Potential price scenarios:

Bearish Scenario: Escalating trade disputes, weaker US data, BTC-spot ETF outflows, and resistance to a Crypto Strategic Reserve Asset could drag BTC below $80,000.

Bullish Scenario: Easing trade tensions, upbeat US data, ETF inflows, and lawmaker support for a US Crypto Strategic Reserve could drive BTC toward its record high of $109,312.

Market Outlook: Catalysts Driving Crypto Trends

Several key factors could influence crypto market trends in the coming days:

1. SEC Appeal Decision: A withdrawal could trigger a broad market rally.
2. US Tariff Policy & Inflation: Higher tariffs may delay Fed rate cuts.
3. US Economic Data: Key labor market and services sector reports will influence the Fed’s rate path.
4. Crypto Strategic Reserve Asset: A multi-crypto reserve could accelerate institutional adoption.
5. BTC-Spot ETF Flows: Institutional demand will influence BTC price trends.

A decision by the SEC to withdraw its Ripple appeal could provide a significant catalyst for the broader market. Additionally, regulatory clarity surrounding a US crypto reserve may drive institutional adoption and enhance market stability.

Stay updated with our latest insights here.