The main point today. Ripple agreed to pay a $50 million fine at the request of the SEC. This settlement established XRP as the only regulated cryptocurrency in the USA.

The cryptocurrency analyst Crypto Michael, who predicted the price surge of $XRP when it was trading at $0.5, forecasted the next move of the altcoin. According to his prediction, $XRP is about to maintain its current upward momentum and possibly rise to a new all-time high (ATH) soon, with a breakout above $3. In a post on X, Michael predicted a second parabolic rally as soon as the price of $XRP surpasses the psychological level of $3. The analyst made this prediction while revealing that he had forecasted the current rally of XRP when the altcoin was still trading at $0.5. Last year, he stated that a historic breakout was coming for the altcoin, highlighting a 7-year bullish pattern that had formed for the price of XRP. Based on this bullish pattern, the analyst noted that market participants could be about to witness one of the most significant breakouts in cryptocurrency history. Eventually, XRP broke out and became the second best-performing asset among the top 10 cryptocurrencies by market capitalization in 2024.

The cryptocurrency analyst CasiTrade recently stated that the price of XRP could witness an explosive move above $3 if it breaks and stays above $2.69. This means that the projected parabolic rally for XRP above the $3 mark may happen soon, potentially pushing the altcoin above its current ATH of around $3.84. Cryptocurrency analyst Ali Martinez also suggested that the price of XRP is unlikely to encounter any significant resistance while seeking a new ATH. In a post on X, he cited data from Glassnode revealing that XRP has no major clusters of resistance ahead. Meanwhile, the analyst noted that the key support zone is $2.38.