Ripple and the U.S. Securities and Exchange Commission (SEC) have officially ended their long-running legal battle after both parties dismissed their appeal. This marks the conclusion of a lawsuit that began in 2020 and has been closely monitored by the entire cryptocurrency industry.
Ripple's Legal Director, Stuart Alderoty, confirmed this information, stating that after the Committee's vote, both parties directly filed with the Second Circuit Court of Appeals to dismiss the appeal. He added, "It’s over... and now back to work."
XRP Price Analysis
On the weekly chart, XRP still shows significant bearish divergence, which could signal weakening potential in the next one to two months. Analysts warn that this does not mean prices will immediately drop, but traders should be cautious about expectations for sustainable bullish momentum in the medium term.
In the short term, XRP continues to bounce from the Fibonacci support level near 2.90. A strong buying support zone appears between 2.90 and 3.00. If the price falls below 2.90, the next support level will be around 2.75, followed by a stronger area between 2.55 and 2.62.
On a positive note, the expected resistance threshold is between 3.35 and 3.40. Breaking above 3.40 could pave the way for a stronger price increase.
If the upward trend continues, the next target will be around 3.47 dollars, with the potential to rise to about 3.80–4.30 dollars in the coming sessions. However, this requires XRP to hold above the critical short-term support level near 3.13 dollars and ideally 3.38 dollars to maintain the upward trend.
Although there may be some resistance around the 3.30–3.40 dollar level, the overall trend remains positive. Price volatility has been strong since the weekend lows, indicating that buyers are in complete control. $XRP