$XRP $BTC
XRP LEGAL BATTLE UPDATE
pleas do read this post completely for updates on xrp legal battle
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As of May 7, 2025, XRP is trading around $2.14. The price outlook for the rest of the month depends on a mix of technical trends and the resolution of its legal battle with the SEC.
Current Market Snapshot
• Trading Range: XRP is fluctuating between $2.05 and $2.30.
• Key Resistance: $2.30 — breaking above this could trigger a rally toward $2.75, $3.00, or even $5.00.
• Key Support: $2.05 — dropping below could lead to a decline toward $1.77–$1.90.
• Market Sentiment: Currently leaning bullish with moderate greed in the market.
Legal Impact
The SEC has withdrawn its appeal against Ripple, effectively concluding the legal dispute. This has significantly reduced regulatory uncertainty and is helping to support bullish sentiment around XRP.
End-of-May Price Scenarios
• Bullish: If XRP breaks above $2.30 with strong buying volume, it could reach $2.75 or even $3.00–$5.00.
• Bearish: If XRP fails to hold above $2.05, a drop toward $1.90 or lower is possible.
