$XRP Here's the most relevant news regarding XRP today, Saturday, May 10, 2025:
Key Developments:
* SEC and Ripple Reach Settlement: The U.S. Securities and Exchange Commission (SEC) officially filed a settlement agreement with Ripple Labs and its executives on May 8, 2025, bringing the 4.5-year legal dispute to an end.
* Settlement Terms: Both parties will jointly request the court to lift the injunction against Ripple from August 7, 2024, and release funds from the $125 million escrow account. $50 million will be paid to the SEC, and the remaining $75 million will be returned to Ripple.
* Withdrawal of Appeals: If the court agrees to lift the injunction, both the SEC and Ripple will withdraw their cross-appeals currently under review.
* SEC's Stance: The SEC stated that this settlement aims to advance its cryptocurrency regulatory framework reform and does not acknowledge the case's substantive claims or set a precedent for other cases.
* XRP Price Reaction: Following the settlement filing, XRP rallied to a six-week high, reaching around $2.33 - $2.42. It's currently trading around $2.38 - $2.39.
* Crenshaw's Dissent: SEC Commissioner Caroline Crenshaw dissented from the settlement, expressing concerns that it undermines the SEC's crypto enforcement program and does a disservice to investors.
* Potential for XRP ETF: A favorable court ruling on the settlement and the withdrawal of appeals could potentially pave the way for an XRP spot ETF.
* Analyst Outlook: Some analysts suggest that sustained trading above the $2.30 level could allow XRP to target higher resistance levels. However, failure to hold key support levels could lead to a price decrease.
In summary, the most significant news for XRP today is the official filing of the settlement agreement between Ripple and the SEC, which has positively impacted the price and has the potential to open new possibilities for XRP, such as a spot ETF. However, the market remains volatile, and the final outcome depends on the court's approval of the settlement terms.$XRP
