XRP demonstrates stability above $2 as the prolonged legal battle with the SEC concludes.
Ripple-SEC Case Reaches Final Phase
Ripple has formally renounced its cross-appeal right in the ongoing case with the SEC since 2020, bringing the case down to the determination of a final monetary penalty. The four-year legal uncertainty had been a dampening factor on XRP’s price. The clarity in the litigation timetable has notably boosted investor confidence in the altcoin. Ripple’s acceleration of its national banking license and Fed 'master account' applications in America opens a potential door for direct integration into the traditional financial system.
New Targets for XRP
In a period of geopolitical tensions with Bitcoin testing resistance around $110,000, XRP’s ability to maintain its footing above $2 suggests robust demand even during times of risk aversion. Analyst Crypto Cam noted that the $2 region has become a strong base, with the upward wave potentially reaching the first target at $3, and the primary target at $5. Breaking through the $2.50 technical point could open the door to the psychological threshold of $3.
Future Prospects for XRP and Ripple
The strong turnout at Ripple’s recent conferences reflects the community’s high energy levels. While positive signals are emerging on the legal front, the company’s banking moves enhance expectations of building bridges with traditional finance. According to analysts, the current scenario supports the price, and there is considerable potential for XRP to increase its market share.
XRP continues to demonstrate stable performance amidst the conclusion of legal disputes and Ripple's active initiatives in providing services within the traditional financial system.
