The atmosphere in the crypto market is warming up.

After the U.S. International Trade Court ruled that the president’s tariff measures were unconstitutional, signs of a recovery appeared in the cryptocurrency market. Ripple (XRP) recently returned to the $2.2 level, reflecting renewed investor confidence in the market outlook. This surge is not only related to the court’s decision but also closely tied to the upcoming DeFi roundtable meeting held by the U.S. Securities and Exchange Commission (SEC).

The court restricts the president’s trade powers, boosting market confidence.

According to a Reuters report, a U.S. court stated that Congress has exclusive authority over trade regulation, and that even in the name of urgent economic protection, the President does not have the power to override this. This ruling not only instills confidence in global markets but also alleviates the volatility previously caused by tariff uncertainties.

The SEC focuses on decentralized finance, and industry experts gather for a roundtable meeting.

(Source: sec)

The SEC’s Crypto Task Force will hold a roundtable discussion themed “DeFi and the American Spirit” at its Washington headquarters on June 9, 2025. Participants include industry leaders such as Jill Gunter from Espresso Systems, Omid Malekan, a lecturer at Columbia University, Rebecca Rettig, Chief Legal Officer at Jito Labs, and Peter Van Valkenburgh, Policy Director at Coin Center.

SEC Commissioner Hester Peirce stated: “DeFi represents the core values of crypto, allowing people to interact freely without intermediaries. We hope to explore how to establish a reasonable regulatory environment while safeguarding innovation through this conference.”

The descending wedge pattern of XRP

XRP has formed a typical falling wedge structure on the k-line chart, which is often seen as a potential reversal signal. Once the price breaks above the upper trend line and is accompanied by an increase in trading volume, there is a chance to confirm the validity of this pattern, with the target price extending to around the $2.6 price range.

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Summary

XRP is at a critical juncture in both technical charts and fundamentals. The SEC’s public discussions regarding DeFi may provide policy direction for the market. Additionally, if the technical pattern materializes, there is a chance for the price to return to an upward trend, challenging $2.60. For short-term operations, it is recommended to pay attention to the performance of the support zone at $2.25 and the resistance zone at $2.45, waiting for the market to choose a direction.