XRP Lawsuit Update: Ripple Wins Key Ruling, XRP Price Prediction Targets $1.81
Ripple wins big in its battle with the SEC. A US court has granted Ripple’s motion for final judgment which could mean the XRP lawsuit is finally coming to an end.
This is a big relief for Ripple and XRP holders who have been waiting for years for this case to be over.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥉 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 |  | Read Review | BVI FSC | USD 1 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
The amended order eliminates the delays by resolving the outstanding claims and allows both parties to move forward. One claim for relief against Ripple remains but both parties will file a motion to lift the stay within 30 days of the appeals process ending.
Ripple has also submitted its litigation cost records which shows how much they have invested in this defense.
This follows Ripple’s earlier win which shaped the crypto regulatory debate in the US. Legal experts including pro-XRP attorney Jeremy Hogan thinks the SEC case could be over by mid 2025 if there are changes in the SEC leadership.
What This Means for XRP: Legal and Market Impact
Ripple’s final judgment sets a precedent for crypto related lawsuits, reduces uncertainty around XRP’s regulatory status.
Ripple’s leadership sees this as a stepping stone for future growth, solidifies XRP’s place in the crypto market.
XRP holders are waiting for the outcome as it will impact the market. This expedited timeline will give institutional investors more confidence in XRP and will open up more use cases.
XRP Price Prediction: Bullish Momentum Builds
XRP is currently trading at $1.56, up 6.03% in the past 24 hours, with a trading volume of $6.58 billion.
A breakout from a symmetrical triangle pattern signals a bullish continuation, with the price surging above the $1.51 pivot point.
Key resistance levels are positioned at $1.63, $1.71, and $1.81, offering potential upside targets. On the downside, strong support lies at $1.51, with further cushions at $1.43 and $1.38, the latter aligning with the 50-day EMA.
The RSI stands at 63.13, suggesting bullish momentum with room for further growth.
Key Insights
Lawsuit Progress: Ripple secures expedited judgment, signaling faster case resolution.
Price Breakout: XRP breaks above $1.51, eyeing $1.63 and $1.81 resistance levels.
Support Levels: Key support at $1.51, backed by $1.43 and $1.38.
ABOUT THE AUTHOR
See More
Add 3442
Related Posts
Add 3440
🏆 7 Best Forex Brokers
| Broker | Website | |
|---|---|---|
| 🥇 | | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
| 6 | | Visit Broker |
| 7 | | Visit Broker |
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals
Top 4 Brokers
