XRP Price Prediction Ahead of August 14 SEC New Crypto Offering Framework

Frank bevah
Frank bevah

Frank bevah

Market Analyst
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.
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XRP Price Prediction Ahead of August 14 SEC New Crypto Offering Framework

Highlights

  • XRP price approaches critical $1.00 support as bearish momentum continues intensifying.
  • SEC meeting could clarify crypto fundraising and registration rules nationwide.
  • Rising open interest signals stronger derivatives demand despite XRP’s weakness.

XRP price remains under pressure as investors prepare for the SEC’s crypto offering framework announcement on August 14. The wider market fell by 1.57%  in 24 hours, decreasing its worth to $2.18 trillion. 

Bitcoin and Ethereum have dropped to lower levels of under $64,000 and under $1900, respectively. XRP price may experience additional weaknesses in the event that Bitcoin loses momentum around $63,500 when the market drops. The CLARITY Act cloture vote, which is scheduled to take place on September 15, is also being monitored by investors.

SEC Sets August 14 Meeting for Landmark Crypto Rules

The SEC is set to begin its cryptocurrency rulemaking process this week, with Congress delaying comprehensive market legislation.

The agency planned an open meeting on August 14 to discuss a proposal called Regulation Crypto Assets.

Commissioners will review a specialized offering framework of investment contracts, which are related to some of the digital assets.

The suggested system might provide exemptions on certain federal securities registration regulations to qualifying crypto businesses.

It can also offer more accessible funding channels to startups that are interested in raising funds in the United States

This is in line with the plan of Chair Paul Atkins on safe harbors on offerings and investment agreements.

The session will start at 10:00 a.m. Eastern Time and be broadcasted via the SEC site.

Citizens can visit after being cleared by security checks in the Washington headquarters of Commission.

The action arrives after senators left for their August recess without advancing the CLARITY Act.

Its delay could prompt the SEC and CFTC to develop regulations while congressional negotiations continue.

XRP Price Outlook For This Week

The XRP price traded at $1.0062 after declining 0.84% during the latest four-hour session. The overall weakness in the short-term structure was reinforced as the token dropped to below $1.02.

The future XRP outlook now approaches the psychological $1.00 support as selling pressure remains elevated. A verified break might reveal the $0.98 prior to a road leading to $0.95.

The Relative Strength Index dropped to 30.77, and XRP is close to the oversold region. 

XRP Price Prediction Ahead of August 14 SEC New Crypto Offering Framework
Source: TradingView

Nevertheless, the MACD line was lower than its signal line, which indicated the bearish perspective. The negative histogram of it also indicated that negative momentum was continuing to go up.

Any recovery that is higher than 1.02 may switch focus to the more powerful $1.05 resistance. XRP price must reclaim $1.05 before targeting the $1.08 and $1.10 levels.

XRP Open Interest Climbs to $2.71B as Derivatives Demand Grows

The activity in the XRP derivatives boosted with the trading volume increasing by 37% to reach a high of $1.80 billion over the period under consideration. 

Open interest also increased by 8.74% to 2.71 billion demonstrating increased capital in contracts outstanding. The concurrent increase implies that traders increased their XRP exposure, but kept active positions in the derivatives market. 

XRP Price Prediction Ahead of August 14 SEC New Crypto Offering Framework
Source: Coinglass data

Options activity recorded the largest percentage increase, with trading volume surging 68.97% to $1.25 million. Options volume, however, was still much lower than activity on futures and perpetual contracts. Modest growth in longer-term positions brought an increase in options open interest to $59.19 million, up 1.37%.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Frequently Asked Questions (FAQs)

1. When is the SEC crypto meeting?

The SEC scheduled its public crypto rulemaking meeting for August 14 at 10:00 a.m. ET.

2. What will the SEC discuss on August 14?

Commissioners will consider a specialized offering framework for certain digital asset investment contracts.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

XRP

XRP

$1.39855779 0.94% (24h)

24 Hours volume

$938.89M

Market Cap

$87.75B

Max Supply

100B

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About Author
About Author
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets.