In the last 24 hours, (XRPUSDT) shows moderate lateral behavior on Binance, remaining close to $2.19 after a recent rise from lows around $1.90. This occurs in a context of altcoins with weak trends, where seems to consolidate within a narrow range.
📰 Updated News – Ripple vs SEC moves towards its end
Ripple announced that it will withdraw its appeal in the case brought by the SEC. This means that, once the SEC does the same, we can put an end to one of the oldest litigations in the crypto sector.
This resolution is expected to open the door to a possible ETF approval, as it removes legal uncertainties that have so far kept its regulatory status fragile.
📌 What does this mean for the price of XRP?
This legal clarity creates a more favorable environment for investment in XRP. The path is cleared for institutions, including future ETFs, to enter without regulatory ambiguities. This could translate into new demand and potential breakouts above historical resistances in the coming months.
📊 Conclusion for traders
Although XRP remains balanced for now, this legal closure of the case against the SEC is a medium-term catalyst. It's a good time to:
Watch for breakouts above $2.40–$2.60 with sustained volumes.
Maintain long positions with adjusted stops, considering the legal improvement.
Reassess capital contributions to capture possible increases driven by institutional flows.
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