Ripple CEO Brad Garlinghouse Denies Existence of Ethereum Decentralization Test

Brad Garlinghouse, who leads Ripple, denies that the SEC employs a decentralization test program called the “Ethereum decentralization test” to judge XRP or other digital currencies

The article titled "Ripple CEO Brad Garlinghouse Denies Existence Of Ethereum Decentralization Test By SEC" on Benzinga provides an analysis of the XRP/USDT price action on the chart.

The article mentions two major periods on the chart. The first period is the price calmly moving in a small range.

The second period is a consolidation pattern formed by the crypto after a dramatic rally.

The analysis suggests that XRP could continue its uptrend if it passes through the resistance at $2.60. The next goal for the traders will be the round number at $2.70 and higher levels.

On the other hand, the price will encounter temporary downward pressure if it falls below the support at $2.45. This move may pull the exchange rate toward $2.35.

The traders should analyze MACD crossover events together with RSI indicator readings while observing these crucial price levels.

Recently, there was speculation that the SEC employs a decentralization test program called the “Ethereum decentralization test” to judge XRP or other digital currencies. However, Brad Garlinghouse, who leads Ripple, denies that such information lacks support.

The statement offers official confirmation that the SEC uses no structured method to evaluate digital asset decentralization.

The public struggled to understand this point because, before 2018, William Hinman had stated that Ethereum’s decentralized structure excluded its current offers and sales from being considered securities transactions. Through their remarks, Hinman implied that the level of decentralization in cryptocurrencies determines how they are classified under securities laws.

However, internal SEC communications revealed that officials had varying opinions on Ethereum’s status thereby indicating that Hinman’s speech reflected his personal views rather than an official SEC policy. Consequently there is no standardized “Ethereum decentralization test” officially adopted by the SEC for evaluating other cryptocurrencies.Can XRP Price Prediction Reach $2.70 Amidst Ongoing Regulatory Uncertainty?The XRP/USDT chart shows two major periods starting with a bullish movement and then moving into consolidation. XRP previously maintained a steady price between $2.26 and $2.35 support and resistance without losing this range temporarily. The price of XRP rose dramatically after breaking past the $2.35 resistance mark to reach the $2.60 resistance area rapidly during UTC 12:00.Analyzed by Triparna Baishnab, Published on TradingView (March 20, 2025)During the consolidation period from 12:30 UTC until 22:00 UTC, XRP formed a descending triangle pattern while maintaining support at $2.45 as rising highs moved towards the apex. During this time window, both RSI indicator readings reached 70 marks twice at 13:00 UTC and 19:00 UTC which indicates substantial buying interest in the market. The MACD indicator showed several obvious positive signals through its Golden Crosses at 12:00 UTC and then again at 19:00 UTC, which strengthened the bullish momentum.XRP shows positive signs of a price movement after its powerful breakout phase combined with market stabilization. If XRP successfully passes beyond the $2.60 resistance mark it will begin an upward price movement likely toward $2.70 and above. The price couldExperience short-term market pressure as investors seek profits if support falls past $2.45. This downward motion would most likely direct the market value toward $2.35. Traders should analyze MACD crossover events together with RSI indicator readings while observing these important price levels.How will the Ripple SEC Lawsuit Impact the Cryptocurrency Market?Ripple CEO Brad Garlinghouse officially rejects a decentralization test from the SEC for Ethereum payments systems to be classified as cryptocurrencies. His statement rejects the existence of any standardized framework at the SEC which would judge decentralization because recent speculation indicated otherwise. Internal SEC dialogues demonstrate how staff members provided different evaluations of Ethereum’s decentralization status thus confirming Hinman’s 2018 speech had no official status as policy.The cryptocurrency XRP will likely start a new uptrend if it passes $2.60 strongly since traders will look for potential goals at $2.70 and higher levels. The price will undergo a temporary downward pull if it falls beneath the level of $2.45, which may drive the exchange rate toward $2.35. Watch essential indicator movements of RSI and MACD because they signal market confirmations for traders.