$XRP kicks off a new wave - $4.50 in sight after SEC Case closure!
After five years of legal battles, Ripple and the SEC officially closed their case with no appeals. This removed the biggest obstacle for XRP, and the price reacted immediately - jumping 10% to $3.38
💥 Following this surge in price, XRP futures volume exploded, surging over 200% to $12.4B, surpassing Solana. Alongside soaring futures volume, whale activity suggests a strong bullish outlook too - XRP reserves on exchanges dropped from 3.02 to 2.3B tokens, meaning that many are moving coins off exchanges and holding, which tightens supply and supports price.
Technically, XRP broke out of a classic bull flag pattern, signalling potential gains up to $4.50 by fall. Key indicators like RSI still leave room to run before becoming overbought.
🏛️ Beyond the SEC settlement, #Ripple is showing strength on multiple fronts and has ambitious plans ahead. Their recent $200M acquisition of the payment platform Rail will integrate XRP and the $RLUSD stablecoin across 37 countries, significantly boosting real-world adoption and attracting more institutional interest.
Additionally, there's growing excitement around a potential XRP ETF, possibly led by BlackRock, which could unlock massive institutional capital and make XRP far more accessible to mainstream investors.
With legal uncertainty behind it and strong fundamentals building, XRP looks set for a fresh rally. I clearly see $4.50 as the next target for this coin.
