Crypto: XRP remains strong despite SEC-Ripple tensions. ✨✨✨
As the legal pulse between the SEC and Ripple drags on, the cryptocurrency XRP refuses to yield to pessimism. Quite the opposite, the asset shows a surprising vitality in the derivatives markets. This unexpected resilience raises an essential question: Is XRP preparing a strategic turnaround, against the current regulatory climate?
XRP: steady course despite the regulatory storm.
In the world of cryptocurrencies, it is rare to see an asset holding firm under constant legal pressure. However, XRP, Ripple's flagship cryptocurrency, continues to exhibit an almost provocative resilience. While the lawsuit against the SEC has just taken a new turn, with a request to suspend appeals until August 15, the market, for its part, chooses patience... and optimism.
The context is delicate. Ripple and the SEC are seeking to buy time, invoking a possible decision from Judge Analisa Torres regarding the lifting of the injunction that still blocks 125 million dollars in custody.
The agency is requesting 50 million in fines, the rest must return to Ripple. Behind closed doors, legal negotiations continue, but in the derivatives markets, traders are not waiting for the verdict to position themselves.
Despite legal uncertainty, Open Interest in XRP derivatives contracts has already surpassed 4 billion dollars. This increase of almost 3% indicates a surge in activity, fueled by a wave of leveraged buying. In other words, bullish bettors are going on the offensive, determined to wager on a favorable turnaround.