Ripple CEO Brad Garlinghouse Joins CFTC Panel — Can It Change XRP’s Direction?

Ripple CEO Brad Garlinghouse has been appointed to the Commodity Futures Trading Commission's (CFTC) Innovation Advisory Committee, a development seen as a significant step toward regulatory normalization for Ripple and XRP in the US. While XRP price has shown recent weakness, with some profit-taking observed, the selling intensity is not comparable to the 2022 bear market signals, suggesting a lower probability of a prolonged downturn. Exchange data shows measured selling pressure, with recent outflows being less aggressive than past events. Technically, XRP faces immediate resistance between $1.78 and $1.80, but limited liquidation clusters below current levels offer room for recovery. If XRP can reclaim $1.51, a rally toward the supply zone above $1.76 could occur; however, a breakdown below the $1.27 support level would invalidate the bullish outlook.

(Source：BeInCrypto)