SEC’s Project Crypto is about to shake up XRP and SOL prices—here’s what nobody’s telling you that could make or break your portfolio.
Ripple’s [XRP] price action turned sharply bearish in the hours following the SEC’s ‘Project Crypto’ announcement, with the token falling below the $3 mark and extending losses to a low of $2.89 on the hourly chart, as of writing.
Source: TradingView
The sell-off intensified following the announcement, marked by a sharp red candle and rising trading volume, suggesting deliberate distribution rather than panic selling.
Technical indicators reinforced the bearish sentiment: the RSI plunged deep into oversold territory, and the MACD continued to show widening red bars, with no signs of a reversal.
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