US regulatory paralysis and its relation to the cryptocurrency industry has come under the spotlight in recent times. Ripple advocate John Deaton recently re-quoted analyst Susan Friedman, who addressed the issue and said US regulatory inactivity has a real and measurable effect on jobs and investments. Republican Congressman Patrick McHenry underlined this point as well and said it is threatening the American competitiveness on the international scene.

In a tweet thread last week, Deaton detailed the muddled regulatory environment currently being seen within the US, highlighting several contradictory statements and initiatives introduced by the SEC. XRP has seen a minor 0.25% increase in the last hour and currently has a market value of almost $22 billion and a 24-hour trading volume of $1 billion.

Despite this, a bearish flag has triggered on XRP's daily chart, with the 20 EMA line positioned above the 9 EMA for some time. This indicates that the price is likely to remain in a Bearish cycle in the near future. Additionally, the RSI and SMA lines seem to be diverging in a downward direction. With the RSI currently at 33, XRP is dangerously close to the oversold region.

In summary, the US regulatory environment continues to cause concern, with its inactivity and discrepancies leading to worries over investment prospects within the US cryptocurrency space. XRP has experienced a slight increase over the last several hours, but bearish flags are currently indicating a pessimistic future.



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