Ripple's XRP has declined by 4% in the early Asian session following news that Elon Musk's Department of Government Efficiency (DOGE) is targeting the Securities and Exchange Commission (SEC) for examination. The DOGE's focus on the SEC has increased volatility, and many anticipate that the Ripple vs. SEC case will be under scrutiny during the examination. If the DOGE finds abuse or waste related to crypto cases, it could reinforce the belief that the SEC persecuted crypto companies illegally. The SEC may hold a closed-door meeting on February 20 regarding the case, and a pause in its appeal could signal the end of the legal battle against Ripple. This could lead to the approval of XRP ETF applications. XRP has seen a decline in the past 24 hours but may find support near $2.55. If it fails, it could drop to the $2.24 level. The RSI and Stochastic Oscillator indicate weakening bullish momentum, and a daily close below $1.96 would invalidate the thesis and potentially send XRP to $1.35.



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