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.
Despite expectations that XRP might benefit from improved regulatory clarity, short-term traders seemed to be locking in profits amid broader market uncertainty.
As a result, the token dropped 3.57% in the latest trading session.
SOL drops below $170
Solana[SOL] saw a sharp decline following the SEC’s announcement, falling from $169.34 to a session low of $166.13 before stabilizing around $167.29, at press time.
The hourly RSI slipped to 26.89 – indicating oversold conditions – while the OBV continued to trend lower, showing consistent selling pressure.
The large red candle at 08:00 UTC suggests a strong bearish reaction in the immediate aftermath of the news, as traders appeared to sell into the announcement rather than buy the optimism.
Source: TradingView
The broader market followed a similar trajectory. While Project Crypto aims to deliver long-term clarity and legitimize blockchain-based markets, the short-term reaction has been risk-off.
Traders seem to be bracing for implementation delays, enforcement complexities, or simply locking in gains after recent run-ups.
In the near future, continued volatility is likely as the market digests the scope and the limits.
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