💰 Money Move of the Day
Attention XRP $XRP (+1,58 %) holders: Tomorrow could be a pivotal day in the crypto world as Ripple CEO Brad Garlinghouse is set to testify before the U.S. Senate at 10:15 a.m. ET. This regulatory hearing is shaping up to be one of the most significant crypto-related events of the year. With the longstanding legal uncertainty surrounding XRP nearly resolved, and Congress now actively considering broader structural reforms to the digital asset market, traders should brace for potentially dramatic price action.
The spotlight on Ripple and its CEO means that any statements, proposals, or reactions from lawmakers could ignite sharp movements in XRP’s price. As a precaution, investors might want to reduce leveraged positions or establish tight stop-loss levels to safeguard against unexpected volatility sparked by breaking headlines. Given the stakes, tomorrow’s hearing could have far-reaching implications not just for Ripple, but for the entire landscape of cryptocurrency regulation in the United States.