After four years of regulatory uncertainty, XRP enters a new phase. Ripple's final decision with the SEC instills market confidence and strengthens price.
Price Movement Analysis and Technical Indicators
XRP's price has risen from $2.99 to $3.30 due to high trading volume and accumulation zones. Analysts note that the price behavior forms a classic bull flag, which often precedes significant upward movements. Targets for this rise range from $6.80 to $8.00, with the potential for long-term growth up to $12.
Support is seen at $3.10, with resistance at $3.34. Closing above this level may affirm the positive trend many traders expect.
Ripple's Legal Win and Its Market Impact
The joint decision to drop all appeals in the Ripple-SEC lawsuit is more than just a legal milestone; it provides a green light for sidelined investors. With regulatory ambiguity eliminated, institutional investors are once again viewing XRP as a viable investment alternative.
Exchanges and custodians that previously restricted XRP services due to SEC scrutiny are now planning to reintroduce the asset more broadly.
Market Sentiment and ETF Speculation
As the legal dust settles, attention is shifting toward a potential spot XRP ETF approval. Analysts believe the path to regulatory acceptance for such a product has become clearer, especially following the recent successes of Ethereum- and Bitcoin-based offerings.
Interest in the XRP bull flag has spread beyond technical analysis to general investor circles, fueled by a compelling market environment.
XRP is no longer burdened by legal ambiguity. The confirmation of a bull flag pattern within a broader market uptrend indicates rising strength and longevity. With $8 as the next significant goal and institutional money returning, XRP may soon rewrite its all-time highs.
