XRP Shows Tentative Signs of Short-Term Rebound Amid Long-Term DowntrendXRP is showing tentative signs of a short-term rebound, currently trading at $2.40. After experiencing a significant decline over recent weeks, the token appears to be consolidating within a narrow range, signaling cautious optimism.Notably, XRP is showing a modest recovery but remains locked in a long-term downtrend, given that key resistance at $2.48 has historically capped rallies, triggering selling pressure, according to market analyst LAHNO. Therefore, surpassing this level could spark a broader reversal, while failure to break it may stall further gains, leaving XRP at a critical crossroads.On the other hand, XRP’s $2.358 level has emerged as critical support, repeatedly attracting buyers and halting further declines. Why is this level of key interest? Well, a decisive break below could reignite the bearish trend and push prices lower. This tug-of-war between support and resistance highlights the market’s indecision, with sentiment caught between cautious optimism and persistent downside pressure.Specifically, XRP’s current trading pattern reflects a market in consolidation, navigating between critical support at $2.358 and resistance near $2.48.SEC Signals Crypto-Friendly Shift with Modernized Securities ApproachIn a significant development, SEC Chair Gary Gensler’s recent statements, highlighted by market analyst Xaif Crypto, indicate that the Securities and Exchange Commission is taking steps to modernize the country’s securities laws to better accommodate digital assets. This update signals a potential turning point in the regulatory landscape, which has long been criticized for being reactive rather than proactive.Notably, Chair Atkins signaled a shift at the SEC from an ‘enforcement-first’ approach to a forward-looking framework, clarifying how securities laws apply to crypto, stablecoins, and digital assets. This modernization aims to foster innovation while safeguarding investors.Therefore, these developments could transform how digital assets are regulated in the U.S. Clearer guidelines, such as the GENIUS Act, may ease legal uncertainty for exchanges, DeFi platforms, and token issuers. By taking a proactive approach, the SEC signals it aims to enable innovation rather than hinder it, potentially accelerating the growth of compliant crypto products and services.ConclusionXRP sits at a pivotal crossroads. A break above $2.48 could spark a broader rebound, while a drop below $2.358 would reinforce the long-term bearish trend, meaning caution should not be thrown to the wind as the altcoin tests this critical support-resistance zone.On the other hand, the SEC’s move toward a forward-looking, innovation-friendly approach marks a turning point for the U.S. crypto market. By modernizing securities laws to cover digital assets, the agency is reducing legal uncertainty, fostering innovation, and boosting institutional confidence while maintaining investor protection.XRP Shows Tentative Signs of Short-Term Rebound Amid Long-Term DowntrendXRP is showing tentative signs of a short-term rebound, currently trading at $2.40. After experiencing a significant decline over recent weeks, the token appears to be consolidating within a narrow range, signaling cautious optimism.Notably, XRP is showing a modest recovery but remains locked in a long-term downtrend, given that key resistance at $2.48 has historically capped rallies, triggering selling pressure, according to market analyst LAHNO. Therefore, surpassing this level could spark a broader reversal, while failure to break it may stall further gains, leaving XRP at a critical crossroads.On the other hand, XRP’s $2.358 level has emerged as critical support, repeatedly attracting buyers and halting further declines. Why is this level of key interest? Well, a decisive break below could reignite the bearish trend and push prices lower. This tug-of-war between support and resistance highlights the market’s indecision, with sentiment caught between cautious optimism and persistent downside pressure.Specifically, XRP’s current trading pattern reflects a market in consolidation, navigating between critical support at $2.358 and resistance near $2.48.SEC Signals Crypto-Friendly Shift with Modernized Securities ApproachIn a significant development, SEC Chair Gary Gensler’s recent statements, highlighted by market analyst Xaif Crypto, indicate that the Securities and Exchange Commission is taking steps to modernize the country’s securities laws to better accommodate digital assets. This update signals a potential turning point in the regulatory landscape, which has long been criticized for being reactive rather than proactive.Notably, Chair Atkins signaled a shift at the SEC from an ‘enforcement-first’ approach to a forward-looking framework, clarifying how securities laws apply to crypto, stablecoins, and digital assets. This modernization aims to foster innovation while safeguarding investors.Therefore, these developments could transform how digital assets are regulated in the U.S. Clearer guidelines, such as the GENIUS Act, may ease legal uncertainty for exchanges, DeFi platforms, and token issuers. By taking a proactive approach, the SEC signals it aims to enable innovation rather than hinder it, potentially accelerating the growth of compliant crypto products and services.ConclusionXRP sits at a pivotal crossroads. A break above $2.48 could spark a broader rebound, while a drop below $2.358 would reinforce the long-term bearish trend, meaning caution should not be thrown to the wind as the altcoin tests this critical support-resistance zone.On the other hand, the SEC’s move toward a forward-looking, innovation-friendly approach marks a turning point for the U.S. crypto market. By modernizing securities laws to cover digital assets, the agency is reducing legal uncertainty, fostering innovation, and boosting institutional confidence while maintaining investor protection.

                                                                               The majority of wealthy investors surveyed in Hong Kong plan to buy crypto this year, Japan to allow banks to hold Bitcoin. Asia Express.                     Standard Chartered Hong Kong will reportedly launch trading services for crypto exchange-traded funds (ETFs) in November.According to the banks wealthy clients study cited by local newspaper Ming Pao, nearly 80%  plan to invest in digital assets within the next year, while more than 30% already hold some form of crypto exposure.The survey covered over 500 respondents with at least 1 million Hong Kong dollars (about $128,650) in liquid assets.Read more