The US Securities and Exchange Commission (SEC) has officially ended its lawsuit against Ripple Labs, with Ripple agreeing to pay a $125 million fine. Both parties have dropped further appeals, providing clarity on $BNB regulatory status.
Key Developments:
- XRP Sales on Public Exchanges Remain Legal: Restrictions on institutional sales persist, however.
- Price Surge: $XRP prices jumped around 10-12% following the resolution, with futures trading volume spiking 200% within 24 hours.
- Bullish Technical Patterns: Point to a possible move towards $4.50, with key resistance at $3.30 and support levels at $2.80-$2.82.
Institutional Momentum Builds
- "Bad Actor" Designation Waived: Ripple can now raise private capital again, opening doors for enterprise adoption.
- Growing Institutional Interest: Ripple is appealing to enterprise adoption post-legal clarity, indicating potential for increased adoption.
Future Outlook
- Potential Targets: $3.65 and $4.60 if bullish momentum continues
- Support Levels: $2.80-$2.82
- ETF Landscape: BlackRock has no immediate plans to file for XRP or Solana spot ETFs, focusing on Bitcoin and Ethereum ETFs for now.¹
Price Prediction
Some analysts predict $XRP could reach $1,000 due to Trump's crypto plan, which could unlock $8.7 trillion in 401(k) funds for cryptocurrency investments. Others see potential targets of $3.56 and $3.74 following the recent breakout.²