XRP Strikes Back: The Big Rise After the SEC Dispute!

XRP Strikes Back: The Big Rise After the SEC Dispute!

The XRP cryptocurrency market is experiencing a remarkable upswing after Ripple successfully asserted itself against the US Securities and Exchange Commission (SEC). After the SEC originally demanded a billion-dollar fine, they now agreed to a fine of $50 million. This settlement marks a turning point in the long legal battle that has plagued Ripple's business and the stability of XRP for years. Loud boerse-express.com It was also confirmed that XRP is not considered a security on public trading platforms. This clarification caused a sharp increase in XRP's market capitalization, which at one point was around $152 billion.

In the last 24 hours, the price of XRP rose by up to 10%. This positive market environment is supported by speculation about a possible XRP ETF as several providers have filed applications. Analysts expect a decision on these applications by 2025; If approved, this could bring between $4 billion and $8 billion to the market. Demand from large investors, also known as “whales,” is increasing, and XRP ETPs are seeing increasing inflows. These developments are also evident in the futures markets, where open interest has increased since the end of 2024.

Technical analysis and resistance levels

Chart technicians are observing a symmetrical triangle that indicates a possible decisive direction. Important levels for XRP currently include resistance between $2.40 and $2.46, while the psychologically important point is at $2.50. Support levels are at $2.31 to $2.33 and stronger at around $2.10. The current RSI of 41 suggests further growth is possible, but volatility is high at 46%, creating potential risks for investors.

The price could consolidate after rising above $2.50 or continue higher depending on institutional demand. These factors could also influence the strategy of investors who have historically been more cautious when making decisions about investing in XRP.

Legal dispute and its significance for the industry

The legal battle between Ripple and the SEC is drawing attention from the entire cryptocurrency industry. Anthony Scaramucci expressed that the SEC may drop its lawsuit against Ripple, although official confirmation is still pending. In July 2023, Judge Analisa Torres ruled that Ripple's sales of XRP did not constitute securities transactions, while also ruling that Ripple violated securities laws in direct sales to institutional investors. This resulted in a $125 million penalty as well as an injunction prohibiting the sale of XRP to institutional investors without SEC approval.

The first “White House Crypto Summit” will take place on Friday, in which Ripple CEO Brad Garlinghouse will also take part. A withdrawal of the SEC lawsuit could not only have a positive impact on Ripple, but also on the entire crypto industry and its regulatory framework. A victory for Ripple could set the tone for future regulation of cryptocurrencies in the US and set clearer standards. Such developments will be watched with excitement as they could potentially usher in a new chapter for the entire industry.