The U.S. Senate Banking Committee will hold a hearing on Wednesday on the topic "From Wall Street to Web3: Building the Future Digital Asset Market". Ripple CEO Brad Garlinghouse is scheduled to participate as a panel member. As Ripple moves to the center of U.S. federal policy discussions, expectations for XRP prices are rising again.
From a technical analysis perspective, XRP is drawing market attention by suggesting the possibility of a bullish scenario. The chart appears to have broken through the resistance line of $2.34. This is interpreted as a signal that buying forces have taken the initiative, adding weight to the potential price rebound. Experts believe that if this breakthrough is realized, XRP could enter a speed race towards setting an all-time high.
Some market segments predict that Ripple's strategy to expand its position within the U.S. policy environment will have direct and indirect effects on XRP prices. CEO Garlinghouse's participation in this hearing goes beyond mere symbolism, proving that Ripple is at the center of cryptocurrency regulatory dialogue. Particularly in recent months, Ripple has established a strategic advantage in its legal battle with the SEC and is gradually rebuilding institutional investor confidence.
Of course, it cannot be definitively stated that XRP prices will show a dramatic short-term rise. The key lies in how consistently buying pressure flows in and how much additional upward momentum can be secured. However, Ripple's emerging presence on the policy stage is likely to become a clear indicator for gauging XRP's long-term market value.
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
#Ripple#XRP#CryptocurrencyRegulation#USPolicy#BradGarlinghouse