Is XRP’s Legal Battle Nearing an End? – Crypto News – Crypto News
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Is XRP’s Legal Battle Nearing an End? Is XRP’s Legal Battle Nearing an End?

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Is XRP’s Legal Battle Nearing an End? – Crypto News

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1 year ago

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    Summary:

  • XRP price holds steady at $3.10 as the Ripple vs. SEC lawsuit takes a new twist. Will a settlement or appeal shape XRP’s next move?

XRP investors were caught off guard this week after a new twist in the ongoing Ripple vs. SEC lawsuit sparked fresh speculation about the case’s outcome. The confusion arose after the details of the lawsuit were suddenly removed from the SEC’s litigation page, leaving many wondering whether a resolution is imminent or if the legal battle is far from over.

SEC’s Website Change Fuels Speculation

The SEC’s decision to remove the Ripple lawsuit announcement from its official records sent a wave of uncertainty through the crypto community. Many assumed that this could signal an undisclosed settlement or the potential withdrawal of the case. Nonetheless, legal professionals have promptly pointed out that the case remains active, with proceedings continuing in the appellate system.

Although no formal announcements have been issued about a resolution, this action brings up doubts about whether the SEC is reevaluating its position on XRP or if it is merely a procedural change.

XRP Price Chart Analysis

XRP has been holding steady around $3.10, showing resilience despite legal uncertainty. The price remains range-bound between $2.89 support and $3.40 resistance, with a breakout likely if major news emerges.

Key Levels to Watch:

  • XRP Resistance:
    • $3.40 – Breaking this level could trigger a new rally.
    • $3.72 – A move past this could open the door to fresh highs.
  • XRP Support:
    • $2.89 – Holding above this keeps bullish momentum intact.
    • $2.72 – Losing this level could lead to further downside.
XRPUSD price today Jan 30, 2025

XRP’s RSI remains neutral, suggesting that price could move in either direction depending on legal developments.

Final Thoughts

The SEC’s decision to alter its public records on Ripple has left XRP holders searching for answers. While speculation about a potential settlement or case withdrawal is running high, no official confirmation has been made. Until clarity emerges, XRP traders should keep a close eye on both legal updates and key technical levels, as either could trigger the next major price movement.

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