As XRP hovers around the $2 mark, investors are on edge as they await the outcome of the U.S. Securities and Exchange Commission (SEC)’s upcoming closed meeting on April 3rd. This crucial session will address legal and enforcement matters for Ripple Labs and its digital asset XRP, potentially shaping market sentiment significantly. With a recent 15% price drop for XRP, questions linger about whether it can regain momentum or continue facing downward pressure. Despite the current decline, the SEC’s ongoing battle with Ripple has been a rollercoaster since 2020, culminating in a reduced $50 million settlement. Though this move signifies a potential close to the legal battles, ambiguity still persists regarding the SEC’s stance on XRP and whether it will be greenlighted for trading or spot ETFs. The upcoming meeting has amplified speculation about potential outcomes for XRP. Some holders are hopeful for significant wins like an official drop of remaining appeals or even a nod toward a much-anticipated XRP-based spot ETF. However, market sentiment remains cautious as XRP has logged five consecutive daily losses. The outcome of the April 3rd meeting holds immense significance for XRP’s future. If the SEC adopts a more favorable stance on XRP or crypto broadly, it could be a turning point for the asset. Conversely, if the meeting reinforces uncertainty and ambiguity, XRP might struggle to sustain its current price level.