SEC Requests 60-Day Pause in Case Against Binance Amid Ripple Speculations

The US SEC has requested a 60-day pause in its case against Binance. In another case, the SEC agreed to delay oral arguments until April 11, raising speculation about its overall strategy, which may influence Ripple and the price of XRP.

Leadership changes at the SEC include the formation of a Crypto Task Force.
Pro-XRP lawyer James Murphy indicated the agency may await Paul Atkins’ confirmation as SEC Chairman before key decisions.
Attorney Bill Morgan expressed skepticism about the need for delays if current commissioners can vote on cases.
XRP is currently trading around $2.41, down 3% over the last 24 hours.

XRP Price Analysis

XRP reached a multi-year high of $3.39 but is now trading below the 20-day EMA ($2.6), indicating short-term bearish sentiment.
The RSI is below 40, suggesting weak momentum with a potential reversal above 42-45.
XRP is near the lower Bollinger Band ($2.0999), indicating oversold conditions.
A bounce towards $2.72 (middle band) or $3.34 (upper band) is possible if buying interest increases.

XRP Price BB RSI

XRP ETF Hopes Remain High

Optimism regarding an XRP-based ETF remains strong despite ongoing legal issues.
Grayscale, Nasdaq, and CBOE have filed applications for XRP ETFs with the SEC.
Prediction markets indicate an 81% probability of regulatory approval for an XRP ETF by 2025.