Ripple CEO Joins CFTC Innovation Advisory Committee Amid Regulatory Developments

Ripple CEO Brad Garlinghouse has been appointed to the Commodity Futures Trading Commission's (CFTC) Innovation Advisory Committee, signaling a positive regulatory development for XRP. According to NS3.AI, this appointment may help alleviate long-term legal uncertainties surrounding the cryptocurrency. Despite experiencing moderate selling pressure and slight price weakness, XRP's current distribution is less intense compared to pre-2022 bear market levels. Technical analysis indicates that XRP has support near $1.27, with resistance expected between $1.78 and $1.80. This suggests cautious optimism for recovery if these key price levels are maintained.