XRP Price Falls 4% as SEC Decision Approaches

XRP, one of the top altcoins in the crypto market, experienced a slight bullish turn today after a 4% decline, ultimately settling around $2.41. This dip occurred just before the SEC vote that could potentially bring an end to the prolonged legal battle involving XRP. On Thursday, March 27, the price of XRP saw a 4% decline, dropping to $2.41, slightly below the resistance level of $2.51. This decrease contrasted with the overall market cap of the crypto industry, which experienced a 1% increase to reach $2.85 trillion.

The drop in XRP’s price comes as the SEC is set to vote on the ongoing legal proceedings involving the altcoin. The outcome of this vote is eagerly anticipated, as it could bring closure to one of the most contentious crypto-related court battles. At present, indications suggest that the SEC is leaning towards dropping the case, with rumors circulating about a potential out-of-court settlement between the agency and Ripple. This settlement may involve the SEC retaining $50 million of the previously paid $125 million fine and refunding the rest to Ripple. Additionally, reports suggest that Ripple could counter-sue the agency or seek damages in response.

One possible reason for the decline in XRP’s price today is attributed to recent comments made by President Trump regarding upcoming reciprocal tariffs. These remarks have created uncertainty within the crypto industry and dampened the positive sentiment surrounding Ripple news, contributing to the bearish tilt observed in XRP’s price. President Trump’s impending announcement on reciprocal tariffs scheduled for April 2, also known as Liberation Day, could have a significant impact on the crypto market. His indication that there will be limited exceptions to tariffs hints at a broader tariff base, potentially leading to greater market volatility.

Furthermore, concerns about a looming recession in the latter part of 2025 are emerging, prompting investors to consider cryptocurrencies like XRP as alternative assets or hedges against traditional market fluctuations. Amidst these developments, trusted crypto exchanges such as eToro, Coinbase, or Uphold provide users with the opportunity to buy and trade XRP seamlessly across various devices, including smartphones, tablets, and computers. As the market awaits the outcome of the SEC vote and President Trump’s tariff announcement, the crypto space remains on edge, with XRP’s performance closely monitored by investors.