On April 29, 2025, ESMA announced guidelines for National Competent Authorities to combat market abuse in the crypto sector. These guidelines emphasize risk-based supervision and encourage collaboration with the industry to ensure a unified regulatory framework.
XRP is currently trading at 2.29 USD, showing strong activity and notable volatility. Technical analysis suggests the asset is in a consolidation phase with developing bullish patterns and key support at 2.26 USD.
Although XRP displays a bullish trend overall, traders should monitor resistance at 2.36 USD. A drop below 2.26 USD could indicate a loss of momentum, suggesting the potential for a deeper retracement.
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