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Ripple Labs is finally over with the chapter of legal battle with the U.S. Securities and Exchange Commission (SEC) by settling off with the remaining appeals.
The U.S. Securities and Exchange Commission (SEC) has finally closed the chapter on its lawsuit against Ripple Labs.
What Happened: The agency settled the remaining appeals in the case, allowing Ripple to recover $75 million. This funds couldn’t be drawn due to the lawsuit.
The XRP SEC settlement has given Ripple and the crypto industry a clear picture of how digital assets will be regulated in the U.S., and as the legal barriers are lifted, Ripple can completely focus on expanding its global payments network and growing its role in digital finance without any legal issues getting in the way.
XRP Price Action: Breaking Key Levels
Breaking a key level of resistance, XRP price analysis shows that the crypto is trading at $2.45, registering a 7.96% surge in the past 24 hours.
The cryptocurrency's price is now up by 20.54% over the past week, demonstrating strong bullish momentum. Despite the strong move, trading volume dropped by 14.9%. Many investors see this as the start of a new growth phase for Ripple and its ecosystem, as the company can now focus on expanding without legal roadblocks.
With regulatory uncertainty finally cleared, XRP's future looks brighter than ever.
Zoom Out: XRP continues to hold a strong position in the market, currently ranked no. 4. The asset is changing hands at $2.45, with a 24-hour trading volume of $2.68 billion.
Its total market has surged to $142.35 billion, and the asset’s supply stands at 58.16 billion XRP, which ensures ample liquidity for trading and will maintain its status as one of the most widely used digital assets in the whole industry.
Technical Outlook: Bullish Trend Holds
50 EMA: $2.41 – XRP remains above this key average, depicting that bullish momentum is intact.
RSI (14): 54.86 – Slightly bullish, indicating that there might be a possibility for further upward movement.
Pivot Support: $2.41 – Holding above this level is critical for sustaining the uptrend.
Immediate Support: $2.41 – Holding above this level keeps the bullish trend.
Stronger Support: $2.32 and $2.22 – A drop below $2.41 could lead to a retest of these lower levels.
Chart 1- Published by Trading View, on March 26, 2025
If XRP breaks above $2.50, it could easily climb toward $2.59 and possibly test $2.71 in the future. However, failure to hold above $2.41 might result in a pullback toward lower supports.
With new investor confidence and regulatory clarity, XRP's price surge has the potential to extend further, especially if the buying pressure continues. All eyes are now looking at bulls to see if they could push past key resistance levels and take XRP to new levels.
Final Thoughts: Is XRP Set for a Bigger Rally?
With the XRP SEC settlement, Ripple can now move forward without any legal uncertainty. This win not only strengthens Ripple’s position but also influences how regulators can approach other cryptocurrencies.
Many in the industry hope this signals a shift toward fairer, clearer regulations that support crypto innovation. As Ripple looks ahead, the big question remains: Will this newly found clarity drive further XRP adoption, or is there still more regulatory uncertainty to be encountered? For now, it’s a clear win for Ripple, XRP, and the entire crypto industry.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- #hbar
- Apr 18, 2025 at 07:55 am
- HBAR's current market sentiment is bearish. Here's why :
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