XRP Price Analysis: Ripple-SEC Settlement Rally Cools as XRP Drops 5% on Profit-Taking

XRP Price Analysis: Ripple-SEC Settlement Rally Cools as XRP Drops 5% on Profit-Taking

XRP surged more than 13% on Friday as the Ripple-SEC case came to a conclusive end.

SEC and Ripple Labs settle XRP lawsuit after nearly five years with a $125Mn penalty - The Tech Portal

The US Securities and Exchange Commission (SEC) and Ripple Labs have officially ended their lawsuit, which had lasted nearly five years. Both parties filed a joint motion to dismiss their appeals in the US Court of Appeals for the Second Circuit. As part of the settlement, Ripple agreed to pay a $125 million fine, ending the long-standing uncertainty surrounding the legal status of its XRP token. The case initially began in 2020, when the SEC fi…

XRP price prediction: This indicator hints at 640% rally

With XRP flying high as investors react to the resolution of the Securities and Exchange Commission (SEC) case, on-chain data suggests that more upside for the asset might be on the horizon. This projected rally is rooted in the fact that XRP’s Market Value to Realized Value (MVRV) ratio has formed a golden cross, a technical pattern that occurs when the short-term MVRV ratio moves above its long-term 200-day moving average (MA). XRP MVRV chart.…

XRP Price Rally Holds Strong: Key $3.22 Support Critical For Next Move

XRP’s price shows steady gains but remains in a consolidation phase after a sharp rise. Technical indicators signal cautious optimism, with important support near $3.22. Traders watch for momentum signals, including MACD crossover and RSI climbing above 65. XRP is currently trading at $3.27, up 7.49% in the last 24 hours, and up 9.40% over the past week. The movement reflects a big rally starting mid-July, when XRP soared from around $2.70 to ab…