XRP Rockets 30% as Ripple Slams SEC with Settlement—Here’s Why Traders Are FOMOing In
Ripple’s legal win sends shockwaves through crypto markets—XRP liquidates shorts at $0.75 as SEC’s ’regulation-by-lawsuit’ strategy backfires spectacularly.
Behind the surge: On-chain data shows whales accumulating 120M XRP in 24hrs, while retail traders pile into derivatives. CEX volumes spike 400%—but skeptics note this is the 4th ’final resolution’ since 2020.
Bankers weep into their spreadsheets as cross-border payments protocol Flare Network processes $2B in XRP transactions during the rally. Meanwhile, Bitcoin maximalists grumble about ’shitcoin season.’
$2,493 exhibited a more impressive performance with a 10.5% rise, while Cardano
$0.795772 surged by 7%. Following a $50 million settlement with the SEC, XRP investors turned towards profit-taking, which consequently limited the price surge.
ContentsXRP’s Technical ResistanceInvestor Behavior and Global Developments
XRP’s Technical Resistance
In recent weeks, Ripple’s xrp price tested the psychological resistance level of $2.5 on three occasions. However, this threshold was not breached due to intense selling pressure. Despite this, the price remained above $2, demonstrating resistance and achieving a 5% increase on a weekly basis. The trading volume surpassed the 30-day average by 38%, highlighting sustained investor interest.
Technical indicators corroborate this consolidation. Dual bullish signals in both 7-day and 14-day periods indicate continuing investor confidence. The price maintains its position above the 20-day average, suggesting the active presence of buyers in the short term. If XRP manages to surpass the $2.5 barrier, a swift MOVE towards $2.75 or even $3 appears possible.
Investor Behavior and Global Developments
Subsequent to the SEC agreement, notable increases in profit-taking have been observed. The concentration of large investors is balanced by the increase in Ripple
$2’s network dominance indicators. Maintaining stability at $2.44 during the day is significant as it suggests ongoing purchases. However, a short-term drop below $2.24 could invalidate the current upward trend.
On a global scale, the US-China trade talks influence investor sentiment. Tariff discussions are central in the Geneva negotiations. Remarks from Donald TRUMP about potential flexibility in tariffs have fueled risk appetite. Goldman Sachs warns that should current barriers persist, US inflation could escalate to 4%, which is being closely monitored.
Geopolitical optimism and expectations for interest rate cuts continue to stir movements in the cryptocurrency market, including XRP. The market dynamics remain robust as various factors interplay, affecting investor strategies and decision-making.
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