- Ripple has secured a significant victory in its legal battle with the SEC, with a U.S. court granting its motion for a final judgment, signaling the case’s potential resolution and reducing uncertainty around XRP’s regulatory status.
- As a result, XRP is experiencing bullish market momentum, with the price targeting key resistance levels, including $1.81, amid growing investor confidence.
Ripple has just scored a significant victory in its ongoing battle with the U.S. Securities and Exchange Commission (SEC). In a landmark ruling, a U.S. court granted Ripple’s motion for a final judgment, marking a crucial turning point in the legal saga that has loomed over XRP for years. With the end of this prolonged battle in sight, both Ripple and XRP holders are breathing a sigh of relief. But what does this ruling mean for the future of XRP and its market price?
Legal Milestone: Ripple’s Big Win
The court’s decision to grant Ripple’s motion to expedite the judgment is a pivotal moment in the cryptocurrency world. This ruling effectively removes the remaining obstacles and offers a pathway for the case’s resolution. The amended order is set to resolve the outstanding claims, although one claim for relief against Ripple remains. Both parties now have 30 days to lift the stay, pending the appeals process.
Ripple’s legal team has also disclosed its litigation expenses, showcasing the considerable resources they’ve invested in this defense. According to legal experts, including pro-XRP attorney Jeremy Hogan, there’s a chance the case could be fully resolved by mid-2025, especially if there are shifts in the SEC leadership. This ruling may not only close a chapter in Ripple’s legal history but could also reshape the crypto regulatory landscape in the U.S.
What This Means for XRP: Market and Legal Implications
For XRP holders, the resolution of the lawsuit marks a key milestone, reducing the uncertainty surrounding the digital asset’s regulatory status. Ripple’s victory could set an important legal precedent for other cryptocurrency companies facing similar challenges. More importantly, it solidifies XRP’s position in the market, making it a more attractive asset for institutional investors.
As the case nears its conclusion, the industry anticipates a shift in market dynamics. With fewer legal hurdles ahead, XRP is expected to see broader adoption and more real-world use cases. This legal clarity will likely enhance investor confidence, driving further growth for XRP and the broader crypto market.
XRP Price Outlook: Bullish Trends Building
XRP’s price has been on the rise, currently trading at $1.56, a 6.03% increase over the past 24 hours. This upward movement signals a bullish trend, with XRP breaking above key resistance levels. Traders are closely watching the $1.51 pivot point, which XRP recently surpassed. With key resistance at $1.63, $1.71, and $1.81, XRP could be on track for further gains, especially if it continues its breakout pattern.
The technical outlook also points to a strong upward momentum, with the Relative Strength Index (RSI) standing at 63.13, suggesting there’s still room for growth. Strong support is seen at $1.51, followed by levels at $1.43 and $1.38, which align with the 50-day Exponential Moving Average (EMA).
The Road Ahead for XRP
With the SEC lawsuit nearing resolution, Ripple is poised for significant market gains. As XRP continues to break past resistance levels, the future looks bright for both the digital asset and its holders. Investors are now eyeing potential upside targets, with $1.81 as a key level to watch in the coming months. Ripple’s victory could just be the beginning of a new chapter for XRP, one defined by legal clarity and bullish market sentiment.
