XRP Price Forecast: Can Paul Atkins’ Revised Crypto Stance Push XRP to $5?

XRP (XRP) has gone up by 3.7% in the past 24 hours and currently stands at $2.54 after the new Chairman of the U.S. Securities and Exchange Commission (SEC) made some positive comments about his plans for the crypto industry.The token has now recovered from its session lows after the U.S. reached a deal with China to cut tariffs from 90 days while they negotiate a final agreement. Tariffs will stand at 10% on both sides for the time being.During a roundtable that discussed the topic of tokenization, Chairman Paul Atkins, a pro-crypto official appointed by the Trump administration, highlighted that “the Commission must keep pace with innovation and consider whether regulatory changes are needed to accommodate on-chain securities and other crypto assets.”It is a new day at the SEC. Policymaking will no longer result from ad hoc enforcement actions. Instead, the Commission will utilize its existing rulemaking, interpretive, and exemptive authorities to set fit-for-purpose standards for market participants.— U.S. Securities and Exchange Commission (@SECGov) May 12, 2025He emphasized that the agency will do everything in its power to fulfill the President’s vision of making America the “crypto capital of the world.” This is a positive development that favors a bullish XRP price forecast.XRP Price Forecast: Elliott Wave Analysis Gives $7 TargetSo far in 2025, and despite the bear market that took place during the first quarter, XRP has delivered gains of 22.7%, making it the best-performing crypto asset of the top 5 during this period.Meanwhile, trading volumes in the past 24 hours have kept surging and currently sit at $10.6 billion, accounting for 7.2% of the token’s total circulating supply.Buying pressure is at its highest point in months as market sentiment has improved in the past month.After bouncing off the 200-day exponential moving average (EMA), XRP may have gathered the necessary fuel to start moving to new heights.The first and most relevant resistance up ahead is the $3.4 level. A bullish breakout above this price zone will confirm the target highlighted in the chart of $7.14 as it would mark the beginning of wave #5 for XRP.Moving forward, as long as the 200-day EMA support holds, any pullbacks should be considered a buying opportunity.XRP’s prospects are quite promising but the highest upside potential during altcoin season will likely come from the best crypto presales like SUBBD (SUBBD).SUBBD (SUBBD) Raises Nearly $400,000 to Launch its Decentralized Content Distribution PlatformSUBBD (SUBBD) is launching a new platform for content creators that leverages the power of blockchain technology to help them keep a higher share of their earnings and avoid the unfair bans imposed by centralized alternatives.Since its presale event kicked off in early April, the project has raised $400,000 to start building the SUBBD ecosystem.The $SUBBD token will allow creators to get a say in the platform’s governance and will allow them to cash out their earnings almost instantly.Meanwhile, fans will get discounts, early access to new features, and the possibility of paying for custom requests through the use of this token.More than 2,000 creators with a combined following exceeding 250 million users have already been brought in to SUBBD. As their fans progressively embrace this new platform, the demand for the ecosystem’s native asset will explode.To buy SUBBD at its discounted presale price, head to the SUBBD website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to make your investment.The post XRP Price Forecast: Can Paul Atkins’ Revised Crypto Stance Push XRP to $5? appeared first on Cryptonews.