XRP News Today: The SEC's Closed Meeting and Its Impact on Ripple?

  

Stay updated on the latest XRP news as the SEC holds a closed meeting that could impact Ripple’s legal battle and XRP’s market trajectory. Discover expert insights on potential regulatory shifts, price forecasts, and broader crypto trends influencing Bitcoin, Ethereum, and XRP. Read more now!

The U.S. Securities and Exchange Commission (SEC) is set to hold a closed meeting today, a development that could significantly influence the ongoing Ripple case and the future of XRP.

Acting SEC Chair Mark Uyeda and Commissioner Hester Peirce will preside over the meeting, which will cover key agenda items, including the resolution of litigation claims and enforcement proceedings.

This meeting comes at a pivotal moment, following the SEC’s recent filing of an appeal-related brief earlier this month. The filing preceded the resignation of former SEC Chair Gary Gensler, with President Trump nominating Paul Atkins for the role.

Both Atkins and acting Chair Uyeda have expressed a more market-friendly stance on cryptocurrency regulation, leading to speculation about a potential withdrawal of the SEC’s appeal in the Ripple case.

Potential Shift in SEC’s Stance on Crypto Regulation

Former SEC official John Reed Stark has highlighted Atkins’ philosophy, which emphasizes free markets and minimal regulation.

Acting Chair Uyeda echoed similar sentiments in November, criticizing enforcement actions against crypto firms solely based on registration violations without allegations of fraud or harm.

This shift in regulatory perspective has fueled speculation that the SEC may reconsider its approach to the Ripple case, especially following the removal of the case from the SEC’s Litigation Releases RSS Feed.

Market Reaction and XRP Price Movement

XRP Price on 30 January on Bitrue Market

XRP’s market performance reflects the prevailing uncertainty. On January 30, XRP recorded a 0.52% increase, closing at $3.1025, underperforming the broader crypto market, which gained 1.88%.

Analysts suggest that a withdrawal of the SEC’s appeal could propel XRP beyond its all-time high of $3.55, while continuing the appeal could push its value below $2.50.

Technical indicators show that XRP has been trading above $3.020 and the 100-hourly Simple Moving Average. A bullish flag pattern has also formed with resistance at $3.10 on the hourly chart.

If XRP surpasses the $3.20 resistance level, further gains toward $3.350 or even $3.420 are possible. Conversely, failure to clear the $3.10 resistance could lead to a decline, with support levels at $2.950 and $2.850.

Broader Crypto Market Trends and Regulatory Influence

BTC Price on 29 January on Bitrue Market

Bitcoin’s recent price has also shaped market sentiment. On January 29, Bitcoin reversed a four-day losing streak, down 1,00% to close at $102,242.

The Federal Reserve’s decision to maintain interest rates at 4.5% contributed to the positive sentiment, easing concerns over potential rate hikes. The BTC-spot ETF market also reported net inflows, indicating strong investor interest.

Additionally, President Trump’s recent executive order on digital asset markets and Senator Cynthia Lummis’ proposed Bitcoin Act have further underscored the increasing institutional focus on cryptocurrency regulation.

The potential approval of a Strategic Bitcoin Reserve (SBR) could significantly alter the supply-demand dynamics for Bitcoin, possibly driving its value to new highs.

Ethereum’s Position in the Market

Ethereum (ETH) is on the verge of reclaiming the $3,200 level, showing a 2.38% increase within 24 hours. However, the Moving Average Convergence Divergence (MACD) indicator suggests rising uncertainty.

If bullish momentum continues, ETH could reach $3,272, whereas bearish pressure might lead to a retest of $3,000.

Outlook for XRP and Crypto Market

The SEC’s closed meeting on January 30 will be a crucial determinant of XRP’s future price action. If the SEC withdraws its appeal, XRP could break past its all-time high of $3.55. On the other hand, a continuation of legal proceedings may result in a price decline toward $2.50.

The broader crypto market will also be influenced by macroeconomic signals, ETF market inflows, and regulatory developments. Bitcoin’s trajectory remains tied to inflation data, while Ethereum faces near-term resistance levels that will dictate its movement.

As the SEC deliberates its next steps, investors and market participants will closely monitor the regulatory landscape to assess the future direction of XRP and the broader cryptocurrency market.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

Nusantara Global Network Partners with Exclusive Markets to Launch Exclusive Introducing Broker (IB) Program with Outstanding Benefits

Kuala Lumpur, Malaysia – January 31, 2025 – Nusantara Global Network proudly announces its strategic partnership with Exclusive Markets, a leading global financial broker, to launch an exclusive Introducing Broker (IB) Program. This program is specifically designed to help individuals and companies in Malaysia generate passive income through Forex and CFD trading, while offering a range of exclusive benefits to participating Introducing Brokers (IBs).

The Introducing Broker Program offered by Nusantara Global Network and Exclusive Markets opens the door to exciting earning opportunities, allowing IBs to introduce new traders to the Exclusive Markets platform and earn competitive commissions. With strong support and a wide range of tools provided, this program equips IBs with everything they need to succeed in the financial trading industry.

Key Benefits of the Exclusive Markets Introducing Broker (IB) Program:

High and Flexible Commissions: Successful IBs can enjoy high commissions with a flexible payout structure. This allows them to generate steady and lucrative income based on their clients' trading activities.

Advanced Marketing Tools: Exclusive Markets provides a variety of comprehensive marketing materials, including banners, performance reports, and easy-to-use digital resources. These tools empower IBs to attract new clients and expand their network effectively.

Access to Leading Trading Platforms: Traders referred by IBs gain access to the industry-leading MT4/MT5 trading platforms, known for their cutting-edge technology and extensive market analysis tools, ensuring a smooth and efficient trading experience.

Comprehensive Support and Professional Guidance: Nusantara Global Network and Exclusive Markets offer personalized guidance to each IB, helping them build effective marketing strategies while providing ongoing technical support to ensure success in the program.

High Leverage for Traders: Referred traders can benefit from leverage of up to 1:1000, giving them more flexibility in managing their accounts and enhancing their profit potential.

No Minimum Requirements: The IB program offers full flexibility without any minimum trading volume or pip requirements, allowing IBs to operate without pressure and focus entirely on building their network.

Fast and Consistent Commission Payments: Commissions earned by IBs are paid out promptly and accurately, ensuring they receive their well-deserved rewards in a timely manner.

Dedicated Support for IB’s Clients: In addition to benefitting IBs, the program ensures that referred traders enjoy low spreads, a wide range of trading instruments, and dedicated customer support, making Exclusive Markets a trusted trading platform.

How the Exclusive Markets Introducing Broker Program Works:

The program is simple to follow. IBs introduce new traders to the Exclusive Markets platform through their referral link. Once the referred traders start trading, the IB earns commissions based on the trading volume of their clients. With guidance and support from both Nusantara Global Network and Exclusive Markets, IBs can focus on building their network and generating continuous income.

“We are thrilled to collaborate with Exclusive Markets on this exciting Introducing Broker program. It offers incredible opportunities for individuals and businesses looking to expand their trading networks in the global market,” said a representative from Nusantara Global Network. “With the range of benefits offered, we are confident that this program will become the top choice for those looking to enter the financial world.”

Exclusive Markets also shares its confidence in this partnership. “Our Introducing Broker Program is designed to provide IBs with the best opportunities to introduce more traders to our platform. With strong support and attractive commissions, we believe this program will greatly benefit IBs and their clients,” said a representative from Exclusive Markets.

Please contact us for further information.

About Exclusive Markets

Exclusive Markets is a trusted financial broker with extensive experience offering a wide range of trading instruments, including Forex, commodities, indices, and cryptocurrencies. With a focus on cutting-edge technology and superior customer service, Exclusive Markets is committed to delivering a safe and effective trading experience for its clients.

About Nusantara Global Network

Nusantara Global Network is a financial services and education provider based in Malaysia. With a mission to empower individuals through knowledge and technology, Nusantara Global Network strives to build a competitive and informed trading community.

This press release has also been published on VRITIMES

KWC PH Champion, Jan Francis Celebrates Chart Success with 'You Are The One' Now Streaming on Spotify

 

The Philippine music scene is buzzing with excitement as Jan Francis, the Karaoke World Championships (KWC) PH Champion, celebrates a significant milestone: his debut single, "You Are The One" (YATO), is now streaming on Spotify and has landed on Top 12 Spotify Editorials on its release week. YATO even climbed to an impressive number 10 on Fresh Finds Philippines! This vibrant track is not just a song; it's a powerful anthem for dreamers everywhere, making it a moment worth celebrating—especially for independent artists striving to make their mark.

Jan Francis’ rise to fame has been nothing short of extraordinary. His recent triumph at the KWC World Championships in Turku, Finland, where he wowed audiences with his incredible vocal talent, has solidified his reputation as a formidable artist. Winning the KWC Philippines 2024 not only brought him local recognition but also opened doors for international opportunities.

His journey reflects hard work, dedication, and an unwavering passion for music. Now signed as the first official KWC PH artist and managed by The New Channel and PraXis Experiential, Jan Francis is poised to elevate his career to new heights.

Released on January 24, 2025, "You Are The One" quickly gained traction among listeners. The collaboration with Thai pop sensation Yayee brought together two dynamic talents to create an uplifting anthem that resonates across cultures. With its catchy hooks and inspiring lyrics, YATO embodies themes of empowerment and self-discovery. It speaks to anyone who has dared to dream big, encouraging them to pursue their passions relentlessly.

As of now, YATO has not only landed on multiple Spotify editorial playlists but also climbed to number 10 on It’s a Hit Spotify Playlist! This achievement is particularly significant for an independent artist like Jan Francis. Apple Esplana-Manansala from KWC PH management shared the excitement: “We’re thrilled to announce that YATO placed 10th on Fresh Finds Philippines on its release day. A few days after, it has already received more than 10,000 streams on Spotify. This is amazing news for all of us who worked tirelessly on this project.”

Jan Francis’ success story serves as an inspiration for aspiring artists everywhere. He appreciates being compared to other successful musicians in the industry and views it as validation of his hard work and talent. “It’s truly humbling to be mentioned alongside international artists like Yayee,” he says. “I take it as motivation to keep pushing myself to sing and create music that resonates with people.”

Elle Quan, Singapore-based Asia-Pacific Director of KWC Global has this to say upon seeing the outcome of the first song release. "Super proud of the hard work that KWC Philippines team has put into the release of YATO! The cross-cultural collaboration behind this project is inspiring, and we're excited to bring more of these kinds of projects in the future." 

The support from fans will play a crucial role in Jan Francis’ success. Streaming platforms like Spotify have become essential tools for independent artists looking to gain exposure and build their fanbase. By adding "You Are The One" to their playlists and streaming it repeatedly, fans can significantly impact Jan Francis' career trajectory.

"Jan Francis performed ‘You Are The One’ so beautifully, and we are so proud of him. It's especially impressive that his first song landed to 10 official Spotify playlists on release day, including a 10th place on Fresh Finds Philippines! That’s a sensation! Most artists never make it onto a playlist throughout their entire career’. Shared by David Soderholm, General Manager of Up! Hit Music. KWC PH has partnered with Up! Hit Music to kick start the international career of Jan Francis.

As we celebrate Jan Francis' incredible achievements with "You Are The One," fans are encouraged to share their thoughts on social media using hashtags like #YouAreTheOne #JanFrancis #YATO to spread the word about this uplifting anthem. Your engagement creates a sense of community around this uplifting anthem and encourages others to join in on the excitement.

Stay tuned for more updates on Jan Francis's musical journey as he continues to inspire through his music. Follow Jan Francis through his socials: Instagram: @janfrancis_official | TikTok: @janfrancis_official | Facebook: Jan Francis

Jan Francis is a signed KWC PH artist. For inquiries, email KWCPH@thenewchannel.com.

For more info about KWC PH, browse www.kwcph.com or www.thenewchannel.com.

This press release has also been published on VRITIMES