ismail jutt 745
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Bearish
$XRP $XRP
The U.S. Securities and Exchange Commission (SEC) has officially ended its lawsuit against Ripple Labs. Ripple will pay a $125 million fine, and both parties have dropped further appeals. XRP sales on public exchanges remain legal, though restrictions on institutional sales persist.
Following the resolution, XRP prices surged around 10–12%, with futures trading volume spiking 200% within 24 hours—surpassing Solana—and bullish technical patterns point to a possible move towards $4.50.
2. Institutional Momentum Builds
Ripple has had its “bad actor” designation waived by the SEC, now opening the door for it to raise private capital again.
Latest reports also indicate growing institutional interest, with Ripple appealing to enterprise adoption post-legal clarity.
3. Technical Outlook & Price Action
XRP is currently trading in a tight range around $3.19–$3.30 after the rally.
Technical analysts note a key resistance level near $3.30. A breakout from a bull flag pattern could propel it toward $3.65, and eventually aim for new highs around $4.60, assuming continued bullish momentum. Support levels to watch are $2.80–$2.82.
4. ETF Landscape Remains Quiet
Despite the legal resolution, BlackRock has no immediate plans to file for XRP or Solana spot ETFs. Its focus remains on Bitcoin and Ethereum ETFs for now. That said, the reduced regulatory ambiguity offers a stronger foundation for future ETF consideration.
#ETH4500Next? #BinanceAlphaAlert #CryptoIn401k
The U.S. Securities and Exchange Commission (SEC) has officially ended its lawsuit against Ripple Labs. Ripple will pay a $125 million fine, and both parties have dropped further appeals. XRP sales on public exchanges remain legal, though restrictions on institutional sales persist.
Following the resolution, XRP prices surged around 10–12%, with futures trading volume spiking 200% within 24 hours—surpassing Solana—and bullish technical patterns point to a possible move towards $4.50.
2. Institutional Momentum Builds
Ripple has had its “bad actor” designation waived by the SEC, now opening the door for it to raise private capital again.
Latest reports also indicate growing institutional interest, with Ripple appealing to enterprise adoption post-legal clarity.
3. Technical Outlook & Price Action
XRP is currently trading in a tight range around $3.19–$3.30 after the rally.
Technical analysts note a key resistance level near $3.30. A breakout from a bull flag pattern could propel it toward $3.65, and eventually aim for new highs around $4.60, assuming continued bullish momentum. Support levels to watch are $2.80–$2.82.
4. ETF Landscape Remains Quiet
Despite the legal resolution, BlackRock has no immediate plans to file for XRP or Solana spot ETFs. Its focus remains on Bitcoin and Ethereum ETFs for now. That said, the reduced regulatory ambiguity offers a stronger foundation for future ETF consideration.
#ETH4500Next? #BinanceAlphaAlert #CryptoIn401k
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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