XRP Slips Ahead of SEC Vote — Bitcoin Holds Ground Above $107K

May 29, 2025 — Crypto Market Update

As legal uncertainty looms large, XRP slipped below $2.28, while Bitcoin (BTC) hovered around $107,800 despite broader profit-taking and volatile ETF flows. All eyes are on the U.S. SEC’s closed meeting scheduled for today, which could deliver critical clarity in the ongoing Ripple vs. SEC legal battle.

⚖️ Ripple vs. SEC: Will Legal Clarity Finally Arrive?

The SEC’s May 29 closed-door meeting could determine whether XRP’s institutional sales violated U.S. securities laws. This follows Judge Torres’ recent rejection of the SEC’s request to ease restrictions on XRP sales and reduce Ripple’s $125 million penalty — a decision that sent XRP tumbling from $2.57 to $2.22.

Legal experts believe this meeting may prompt the SEC to formally acknowledge that XRP is not a security in institutional or programmatic sales, potentially ending both appeals. A favorable outcome could push XRP toward $2.65–$3.00, while silence from the SEC may dampen investor confidence.

📉 XRP Price Outlook: Cautious Sentiment Prevails

XRP fell 1.85% on May 28, closing at $2.2746
Daily chart signals bearish pressure in the short term
Over 98.3% of XRP wallets are in profit, raising the risk of short-term pullbacks

Key level to watch:

Above $2.50 could open the door to $2.6553
Sustained rally above $3.00 may aim for the 2018 high of $3.55

🟡 Bitcoin Holds Steady Amid ETF Flow Swings

Bitcoin dipped 1.03%, closing at $107,835, as ETF inflows softened after a strong 9-day streak. While Tuesday’s net inflow reached $385.4 million, Wednesday saw $48.3 million in net outflows, led by:

ARKB: –$34.3 million
FBTC: –$14 million
Excludes pending data from BlackRock’s IBIT

Despite the pause, BTC is still riding high after hitting a record $111,917, fueled by strong ETF momentum and investor optimism.

🧠 BTC Forecast: Fed, Legislation & Tariff Watch

Near-term BTC movement will be shaped by:

U.S. economic data & Fed policy signals
Crypto legislation progress in Congress
ETF inflow/outflow trends
Geopolitical risks like tariffs or recession fears

Bullish Scenario:

Positive crypto bills, dovish Fed tone, easing trade tensions
BTC could break $111,917 and target $115,000

Bearish Scenario:

Trade war fears, hawkish Fed tone, legislative delays
BTC risks dipping back below $100,000

🔍 Key Events to Watch

SEC decision on XRP classification
Introduction of amended Market Structure Bill
Progress on the Bitcoin Act (calls for U.S. to acquire 1M BTC)
Upcoming U.S. inflation and labor market data

📌 Final Take

While XRP faces legal uncertainty, a positive ruling could spark a bullish breakout. Meanwhile, Bitcoin remains resilient, navigating ETF volatility and macro headwinds. Traders should stay alert as legal and political developments in the U.S. may heavily influence the next major market move.

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