{"id":310487,"date":"2025-08-01T23:32:15","date_gmt":"2025-08-01T23:32:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/310487\/"},"modified":"2025-08-01T23:32:15","modified_gmt":"2025-08-01T23:32:15","slug":"potential-impact-of-secs-project-crypto-on-xrp-and-sol-prices","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/310487\/","title":{"rendered":"Potential impact of SEC&#8217;s Project Crypto on XRP and SOL prices"},"content":{"rendered":"<p data-start=\"68\" data-end=\"821\" data-is-last-node=\"\" data-is-only-node=\"\"><a href=\"https:\/\/ambcrypto.com\/category\/xrp-ripple-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Ripple\u2019s [XRP]<\/a> price action turned sharply bearish in the hours following the SEC\u2019s \u2018Project Crypto\u2019 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.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/XRPUSD_2025-08-01_14-01-59.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-515621\" class=\"size-full wp-image-515621\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP\" width=\"1554\" height=\"844\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/XRPUSD_2025-08-01_14-01-59.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-515621\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<p>The sell-off intensified following the announcement, marked by a sharp red candle and rising trading volume, suggesting deliberate distribution rather than panic selling.<\/p>\n<p>\u00a0Technical 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.<\/p>\n<p>Despite expectations that XRP might benefit from improved regulatory clarity, short-term traders seemed to be locking in profits amid broader market uncertainty.\u00a0<\/p>\n<p>As a result, the token dropped 3.57% in the latest trading session.<\/p>\n<p><strong>SOL drops below $170<\/strong><\/p>\n<p data-start=\"70\" data-end=\"591\"><a href=\"https:\/\/ambcrypto.com\/coinbase-just-ended-solanas-2-year-reign-whats-next\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Solana[SOL]<\/a> saw a sharp decline following the SEC\u2019s announcement, falling from $169.34 to a session low of $166.13 before stabilizing around $167.29, at press time.<\/p>\n<p data-start=\"70\" data-end=\"591\">The hourly RSI slipped to 26.89 \u2013 indicating oversold conditions \u2013 while the OBV continued to trend lower, showing consistent selling pressure.<\/p>\n<p data-start=\"70\" data-end=\"591\">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.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/SOLUSD_2025-08-01_14-02-27.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-515624\" class=\"size-full wp-image-515624\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"project crypto\" width=\"1554\" height=\"844\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/08\/SOLUSD_2025-08-01_14-02-27.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-515624\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<p data-start=\"593\" data-end=\"1112\" data-is-last-node=\"\" data-is-only-node=\"\">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.<\/p>\n<p data-start=\"593\" data-end=\"1112\" data-is-last-node=\"\" data-is-only-node=\"\">Traders seem to be bracing for implementation delays, enforcement complexities, or simply locking in gains after recent run-ups.<\/p>\n<p data-start=\"593\" data-end=\"1112\" data-is-last-node=\"\" data-is-only-node=\"\">In the near future, continued volatility is likely as the market digests the scope and the limits.<\/p>\n","protected":false},"excerpt":{"rendered":"Ripple\u2019s [XRP] price action turned sharply bearish in the hours following the SEC\u2019s \u2018Project Crypto\u2019 announcement, with the&hellip;\n","protected":false},"author":2,"featured_media":310488,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-310487","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114956123927203025","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/310487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=310487"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/310487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/310488"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=310487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=310487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=310487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}