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The new year brings renewed hope for XRP as analysts predict a significant rally if Ripple achieves a positive outcome in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The long-running lawsuit, launched by the SEC in December 2020, accused Ripple of violating securities laws through the sale of XRP to institutional investors. Judge Analisa Torres ruled last year that XRP was not a security, but the SEC appealed the decision, leaving the case in limbo. Carlos Guzman, research analyst at GSR, said a positive ruling could act as a major catalyst for XRP’s price. “If the SEC appeal is denied or the new SEC administration opts for a settlement instead, that would be a big win for Ripple,” Guzman said. The cryptocurrency industry is pinning its hopes on President-elect Donald Trump’s incoming administration for regulatory relief. Trump, who takes office on Jan. 20, has signaled a pro-crypto stance by nominating crypto ally Paul Atkins to chair the SEC. Many believe this could lead to a more favorable regulatory environment for Ripple and other digital assets. Related News: What to Expect in Bitcoin Price After Strong Employment Data from the US? Will Interest Rate Cuts Be Postponed? “If the new SEC leadership opts for a compromise, it could send XRP soaring,” Guzman added. A positive regulatory outcome for Ripple could position XRP among a select group of digital assets eligible for exchange-traded funds (ETFs). Bloomberg ETF expert Eric Balchunas predicts a surge in new crypto ETFs under new management, citing the record success of spot Bitcoin ETFs as a benchmark. “XRP should be among the first to receive approval,” Balchunas said, but warned that even with a positive regulatory outcome, crypto ETFs still face lengthy approval processes. Beyond its legal challenges, Ripple is looking toward a promising future with the growing adoption of its new stablecoin, RLUSD. The company aims to strengthen its narrative as a legitimate payment solution, which Guzman believes could further strengthen XRP’s position. Additionally, the resurgence of retail interest during the recent crypto rally has reignited investor enthusiasm for XRP. “Given the resurgence of retail interest in XRP that we saw in November and December, these positive developments could catalyze another wave of investor interest,” Guzman said. *This is not investment advice. Continue Reading: What Will Happen to XRP Price After Trump? What to Expect if a New SEC Deal is Made?
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Bitcoin Has a High Probability of Reversing Upwards After Pullback, Says Crypto Analyst – Here’s Why
A widely followed crypto analyst says that there’s a high chance that Bitcoin ( BTC ) reverses course after its latest pullback. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 529,900 followers on the social media platform X that based on historical precedence, the crypto king should mount a recovery. “Bitcoin started its current -15% pullback in week seven of price discovery. The timing of this retrace is in line with historical tendencies. It is the first price discovery correction of this cycle. As a result, it has a high probability of reversal.” Price discovery is the process by which buyers and sellers determine the fair market value of an asset based on supply and demand, liquidity, and other factors. Rekt Capital goes on to note that this type of pattern is a regular part of the top crypto asset by market cap’s historical cycle. “In the 2013 cycle, it took six weeks of upside into Price Discovery before BTC experienced its first major correction in week seven. In the 2017 cycle, it took seven weeks of upside into price discovery before a first major retrace of -34%. In week eight In the 2020/2021 cycle, BTC rallied six weeks into Price Discovery before BTC’s first meaningful pullback of -16%. And in this cycle, Bitcoin enjoyed upside until week seven before retracing -15%. Out of the ordinary? History says no.” The trader then says BTC has rebounded nicely from its low support range and will occupy the $91,000 to $101,000 price range “until further notice.” BTC is $93,803 at time of writing, a 1% decrease during the last 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/80’s Child/S-Design1689 The post Bitcoin Has a High Probability of Reversing Upwards After Pullback, Says Crypto Analyst – Here’s Why appeared first on The Daily Hodl . BitcoinSistemi
Consumer Financial Protection Bureau Proposes Refund Requirements Following Crypto Hacks: Report
The U.S. Consumer Financial Protection Bureau (CFPB) is reportedly proposing a refund requirement for digital assets following a slew of crypto hacks. According to a new report by The Financial Times, the CFPB – which aims to protect consumers from unfair financial practices by institutions – is proposing a new rule that would mandate crypto firms refund money stolen from customers via exploits or hacks. The report says that by proposing this new rule, the CFPB is extending the same protections traditional bank accounts have to the crypto wallets of crypto users. If the rule is accepted, it would change the definition of “funds” to include any asset used to make payments and would force crypto wallet providers to compensate users if their funds are stolen. Previously, data from market intelligence platform Chainalysis found that in 2024, crypto platforms lost a staggering $2.2 billion from hacks in 2024, a 20% increase from the previous year. Chainalysis also found that exploits significantly slowed down in the second half of 2024. However, the firm also found that in 2024, North Korean hackers stole more digital assets than ever before. According to the data, North Korean hackers stole $1.34 billion worth of crypto assets in 2024 while in 2023, they stole $660 million. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Consumer Financial Protection Bureau Proposes Refund Requirements Following Crypto Hacks: Report appeared first on The Daily Hodl . BitcoinSistemi
