Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Ripple Vs. SEC Lawsuit Ends: Will The XRP Price Cross $3 Once More?

Share This Post

The long-running legal battle between the US Securities and Exchange Commission (SEC) and Ripple finally concluded following Judge Analisa Torres’ judgment on August 7. With the lawsuit out of the way, crypto analyst CrediBULL Crypto predicts that the XRP price could soon surpass its all-time high (ATH). 

XRP Price Is Set For A “Mega Run” To New ATH

CrediBULL Crypto mentioned in an X (formerly Twitter) post that the stage is set for an “inevitable mega run for XRP. The analyst added that XRP hitting a new ATH is a matter of when and not if. XRP’s current ATH stands at $3.84, meaning the crypto token could rise above this price level soon. 

Before now, crypto analysts like RLinda had highlighted the conclusion of the case between the SEC and Ripple as one of the catalysts that could spark a massive rally for XRP. She asserted that this event would give XRP a “second life” to achieve a successful breakout above critical resistance levels. 

Crypto analyst JackTheRippler predicted that XRP would rise to as high as $100 once the case between the SEC and Rippled ended. Crypto analyst Common Sense Crypto also alluded to the lawsuit while outlining why XRP can reach $100. The analyst suggested that the conclusion of the case will lead to the launch of a Spot XRP ETF, which can spark such a parabolic rally for XRP. 

This lawsuit began in December 2020 and is believed to have hindered XRP’s growth, especially during the 2021 bull run when the crypto token failed to record significant gains or even close to breaking its ATH. However, that looks set to change as Judge Torres’ judgment has ended the lawsuit, at least for now, with an appeal still a possibility. 

Judge Torres declared a $125 million penalty against Ripple for violating securities laws and an injunction against future violations. However, the $125 million is way below the almost $2 billion fine the SEC initially proposed. The court also ruled that the SEC cannot bar Ripple’s On-Demand Liquidity (ODL) sales. 

XRP Is Just Getting Started

Crypto analyst Mikybull Crypto stated that XRP’s current rally following the court’s ruling is just getting started while urging market participants to get ready for the “real fun.” Whatever happens, XRP holders will hope that the excitement about the end of the lawsuit can help send XRP above $1 in the short term. 

Such a move will undoubtedly boost the confidence of these investors that XRP can reach the projected heights that these analysts say it will attain. It is worth mentioning that XRP failed to break the $1 resistance when Judge Torres declared last year that the crypto token wasn’t a security. As such, XRP’s price action will be one to watch. 

At the time of writing, XRP is trading at around $0.60, up over 18% in the last 24 hours, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Best Altcoins for Security in 2025: Lessons from Coinbase, Binance, and Kraken

It’s been a turbulent week in crypto headlines Coinbase confirmed a major customer data breach, but this time the real story is who didn’t get hacked The fallout is forcing a hard rethink across

Coinpedia Digest :Top Crypto News This Week-Hacks, Regulations, and Institutional Adoption

The post Coinpedia Digest :Top Crypto News This Week-Hacks, Regulations, and Institutional Adoption appeared first on Coinpedia Fintech News I’m Back With This Week’s Top Crypto News – And

Amber International Launches $100M Crypto Reserve to Attract Institutional Investors

The post Amber International Launches $100M Crypto Reserve to Attract Institutional Investors appeared first on Coinpedia Fintech News Amber International has announced a bold new move: the launch of

‘Judgment Day Is Coming’—XRP Set To Explode, Analyst Warns

Ripple’s ongoing lawsuit with the US SEC is moving through the courts, and some in the XRP community say “judgment day” is close XRP pushed past $2 late last year, only to slip back under that

XRP Price Completes Wave A As Price Dips To $2.36, What’s Next For Wave B And C?

XRP price movements have remained constrained to a tight range between $23 and $26 over the last few days, with the former reappearing after the market decline This pullback was expected especially

Bitcoin Price Watch: Bearish Signals Emerge Despite Bullish Trendline

Bitcoin is currently trading at $102,980, securing a market capitalization of $204 trillion With a 24-hour trade volume of $2332 billion and an intraday range between $102,801 and $104,263, the