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XRP and Solana prices stabilized on Friday ahead of the U.S. Securities and Exchange Commission roundtable meeting on the transparency law scheduled for April 16. Solana’s price hovered above the $80 support level, with expectations of further gains. The U.S. Securities and Exchange Commission will lead the discussion on April 16. XRP’s price rose by 0.66% to trade near $1.34, maintaining support above the $1.30 threshold.
The overall cryptocurrency market rose by 0.75%, reaching a total market capitalization of $2.43 trillion during the same session. Bitcoin and XRP prices are expected to see further recovery despite Iran reopening the Strait of Hormuz under a ceasefire agreement.
Bitcoin’s price stabilized above $71,000 after a sharp intraday rise, boosting overall market sentiment. Ethereum’s price rose to $2,100 as buyers returned. Solana, Cardano, and Dogecoin also recorded a notable improvement amid the rebound.