Ripple’s multi-year legal battle with the U.S. SEC has finally come to an end ✅. Both parties dropped their appeals, removing the major legal cloud hanging over XRP since 2020.
Ripple’s Legal Director, Stuart Alderoty, confirmed the dismissal, stating:
“It’s over… and now back to work.”
With this legal uncertainty gone, traders are now laser-focused on the price outlook 📊.
📈 Price Outlook
Short-Term: XRP is holding firm above key Fibonacci support at $2.90, with a strong buy zone between $2.90 – $3.00.
📉 If it dips below $2.90, watch supports at $2.75 and then $2.55 – $2.62.
Resistance Levels: First hurdle sits at $3.35 – $3.40. A decisive close above $3.40 could send XRP towards $3.47, with an extended target of $3.80 – $4.30 if momentum stays hot 🔥.
Trend Watch: To keep the bullish vibe alive, XRP should remain above $3.13 short term and ideally above $3.38. Despite some medium-term bearish divergence signals on the weekly chart, strong weekend volatility shows buyers are still in control.
🎯 Trade Setup
Buy Zone: $2.90 – $3.00
Stop Loss: Below $2.88
Target 1: $3.35
Target 2: $3.47
Target 3: $3.80 – $4.30
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