HeraldLoop

SEC — page 5

Organization · 883 articles
Share

Coverage, page 5

page 5 of 45

Ripple Says XRP Is Not a Security, Recognized as Digital Commodity

Ripple Chief Legal Officer Stuart Alderoty says XRP’s U.S. regulatory status remains clear following years of litigation and federal agency guidance. He pointed to the 2023 federal court ruling and a March SEC-CFTC interpretation naming XRP a digital commodity. Alderoty Says Ripple and XRP Stand on Settled Ground XRP’s legal and regulatory position remains intact, […]

Bitcoin.com NewsBitcoin.com News•Kevin Helms17 Sept
  • neutral toward Ripple Labs · 89%

XRP Takes a Hit Fed Hikes & CLARITY Fails, But Are We panicking?

👋 Hey everyone, hi and thanks to my fellow rocks for joining in as always! Today we are diving into some intense price action for XRP following a chaotic 24 hours in Washington and macroeconomics, so let's break down exactly what is happening to the charts and what it means for our portfolios. As always, thanks for tuning in with me. 🚨 The U.S. cryptocurrency market faced dual headwinds as the Senate rejected the CLARITY Act in a 49-50 vote, failing to reach the 60-vote threshold required to pass. Simultaneously, the Federal Reserve announced a 25-basis-point interest rate hike, bringing the benchmark rate to a target range of 3.75% to 4%. These developments triggered a broad digital asset selloff, with XRP sliding roughly 10% to trade near the $1.28 level. 📉 Looking straight at the technicals, XRP took a sharp 10% tumble down to around $1.28, completely erasing its recent upward momentum. The immediate focus for bulls right now is holding the line at the critical 50-day moving average, which sits right around $1.21. If we get a daily close below that level, things could get messy with a potential slide down toward the downside support zones near $1.10 or even $0.88, while key overhead resistance remains heavy near the $1.39 to $1.45 range. 📉 Our next technical is that descending channel which we've already been watching in previous ideas. Was helping us out but once we lost our grip it became a resistance rather than a support and following that last re-entry into the channel we managed to break out the channel though that was thanks to sentiment and hype before the clarity act decision. Can see just what kind of impact the clarity act had on the 15th following the news as we quickly exited the channel and saw a steep drop in much of the crypto market and XRP. 🏛 Beyond the charts, the real drivers behind today's flush are coming from major fundamental and macroeconomic shifts. First, the crypto-specific blow landed when the Senate held a procedural vote on the CLARITY Act, which fell short of the 60-vote threshold in a tight 49-50 split, effectively shelving comprehensive federal crypto market regulations for the near future. On top of that, Fed Chairman Kevin Warsh and the FOMC delivered a hawkish surprise by unanimously voting to raise interest rates by 25 basis points to a 3.75%–4% range, marking the first rate hike since 2023 and adding immense macro pressure to all risk assets. We already understand the market favors low interest rates so this definitely is something to keep in mind. 💡 But before anyone panics, we have to look at the silver lining that sets XRP apart from the rest of the crypto market. While the failure of the CLARITY Act hurts industry-wide regulation, XRP already stands on settled legal ground because of its landmark 2023 court victory and the subsequent March 2026 joint interpretation by the SEC and CFTC classifying it as a digital commodity. With five spot XRP ETFs actively trading in the U.S. and institutional plumbing adopting the token, today’s crash is a short-term reaction to legislative delays and a hawkish Fed, rather than a threat to XRP's underlying legal status. ✨ That wraps up today's analysis, and I want to give a massive thanks to everyone for tuning in and staying on top of these wild markets with me. If you found this breakdown helpful, please make sure to leave a like and follow for more daily updates so you never miss a beat—stay safe out there, and I'll catch you in the next one! Best regards, ~ Rock '

TITradingView Ideas16 Sept