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Ripple CEO Joins CFTC Panel

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XRP Realized Profit/Loss

XRP price has struggled to recover in recent days, raising concerns about a potential repeat of the 2021-2022 bear market.

While weakness persists, a recent development involving Ripple CEO Brad Garlinghouse could shift sentiment.

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XRP May Not Imitate The Past

Brad Garlinghouse has joined the Commodity Futures Trading Commission’s Innovation Advisory Committee. This appointment marks a significant milestone for Ripple and the broader XRP ecosystem. The same regulatory environment that challenged Ripple for nearly five years is now seeking industry input.

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For XRP supporters, this signals growing regulatory normalization. Engagement with the CFTC may enhance Ripple’s credibility in US policy discussions. Constructive dialogue could ease uncertainty and reduce the long-term legal overhang that previously weighed on the XRP price.

Recently realized profit-and-loss data show a spike in sales. Some observers compare this activity to early signals seen before the 2022 bear market. However, in 2022, sustained distribution lasted nearly four months. Current selling lacks that duration and intensity, reducing the probability of a prolonged downturn for XRP.

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XRP Realized Profit/Loss
XRP Realized Profit/Loss. Source: Glassnode

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Selling Exists, But It’s Not a Concern

Exchange balance data suggests selling pressure remains measured. Roughly 100 million XRP moved to exchanges over the past 10 days, valued at $130 million. While notable, the scale does not indicate widespread panic.

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In November 2025, 130 million XRP was sold within 72 hours. That episode reflected sharper urgency among holders. Compared to that event, current flows appear controlled and less aggressive.

XRP Exchange Balance
XRP Exchange Balance. Source: Glassnode

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Moderate selling combined with positive regulatory developments could stabilize sentiment. If distribution does not accelerate, XRP may absorb supply without severe downside extension. Market participants are watching closely for confirmation through on-chain metrics.

XRP Has Room To Recover

The liquidation heatmap shows limited immediate obstacles to recovery. XRP faces its next major resistance between $1.78 and $1.80. This zone represents a potential profit-taking area rather than an immediate structural ceiling.

Absence of dense liquidation clusters below current levels reduces short-term risk of cascading sell-offs. If momentum improves, XRP has room to advance before encountering significant overhead supply. That technical flexibility supports a cautiously constructive outlook.

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XRP CBD Heatmap
XRP CBD Heatmap. Source: Glassnode

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XRP Price Needs To Bounce Back

XRP trades at $1.35 and is slipping below the $1.36 support level. The next key support lies near $1.27, aligning with the 23.6% Fibonacci retracement. Despite recent weakness, broader factors suggest a balanced risk profile.

Garlinghouse’s CFTC appointment may improve investor confidence. If XRP reclaims $1.51, a recovery rally could unfold. Sustained strength above that threshold may drive price toward the supply zone above $1.76.

XRP Price Analysis
XRP Price Analysis. Source: TradingView

However, a breakdown below $1.27 would shift momentum decisively. Panic selling could intensify if support fails. A drop toward $1.11 would invalidate the bullish thesis and extend the current corrective phase.

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Crypto World

CFTC Chair Says Agency is Ready to Oversee Entire Crypto Market

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CFTC Chair Says Agency is Ready to Oversee Entire Crypto Market

Michael Selig, US President Donald Trump’s nominee leading the Commodity Futures Trading Commission (CFTC), said the agency was prepared to oversee the entire $3 trillion crypto industry, with no timeline for Congress to pass a crucial market structure bill.

In a Wednesday statement about his first 100 days as CFTC chair, Selig said that the commission was “ready to take responsibility” for the crypto market and reiterated his claim that it was the sole regulator to oversee prediction markets.

His comments come as the US Senate considers the CLARITY Act, a crypto market structure bill that has been effectively stalled in committee amid discussions over stablecoin yield and other issues.

“The same regulatory clarity being delivered to the crypto industry is being developed for prediction markets, which can serve as powerful tools for information discovery and are regulated by the CFTC under the Commodity Exchange Act,” said Selig.

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Under Selig, who was confirmed by the Senate in December, the CFTC has adopted many policies signaling that the agency would soften its enforcement and regulation of digital assets compared to previous administrations. In March, the agency announced a memorandum of understanding with the Securities and Exchange Commission (SEC) as part of efforts to coordinate on regulation, including digital assets.

Related: Crypto exchange KuCoin agrees to $500K settlement, ending CFTC case

Although early drafts of the market structure bill suggested the legislation could give the CFTC additional authority to oversee digital assets, the SEC is expected to continue regulating cryptocurrencies it considers to be securities.

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Lawmakers pressing CFTC on insider trading claims over prediction markets

US state authorities and federal lawmakers have been targeting prediction market platforms like Kalshi and Polymarket over alleged violations of gaming laws and claims of politicians using insider information to profit.

While many of the state-level actions continue to be litigated in court, Selig has claimed that the CFTC has “exclusive jurisdiction” over prediction markets and threatened legal action against any challenges to its authority.

In a Tuesday event, CFTC enforcement director David Miller said that the agency’s position was that event contracts on prediction markets were not “gaming” but rather “swaps” that fall under its purview.

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Some lawmakers have also proposed legislation to ban elected officials with insider information from profiting from event contracts after suspicious trades on military actions involving Iran and Venezuela.

Magazine: A newbie’s guide to surviving crypto winter