⚖️ Ripple Drops Cross-Appeal, $XRP Lawsuit Nears End
Ripple CEO Brad Garlinghouse announced that the company will withdraw its cross‑appeal in the long‑running SEC lawsuit, and the SEC is expected to do the same, effectively closing the legal chapter .
This follows federal judge Analisa Torres rejecting a proposed settlement to reduce Ripple’s $125 M fine and lift the injunction .
📊 Market & Regulatory Impact
Clarity arrives: With appeals dropped, the 2023 ruling stands—programmatic XRP sales are not securities, but institutional sales remain regulated .
Price trend: XRP rose ~1–2% on the news, as traders interpret this as the final legal hurdle clearing .
ETF optimism: With legal uncertainty fading, XRP-spot ETF applications stand a stronger chance of approval .
🛠️ Technical Outlook & Strategy
Factor Monitor Points
Support $2.07 zone is now a key base—bouncing off this level
Upside targets A clean breakout above $2.20 could set XRP up toward $2.65
Volume & momentum Look for rising volume to confirm breakout strength
Macro & SEC moves Quick SEC appeal drop + Trump administration could further boost confidence
