XRP Primed for $2.55 Surge as SEC Lawsuit Dust Settles—Traders Eye $50M Payout as Launchpad
Ripple’s native token XRP is flashing bullish signals after its parent company closed a $50 million chapter with the SEC. The settlement—peanuts compared to the legal fees burned over three years—has traders betting on a breakout.
Technical charts show a clean runway to $2.55 if key resistance cracks. Meanwhile, crypto’s usual suspects are already spinning this as ’regulatory clarity’—because nothing says ’clear’ like an eight-figure settlement that leaves everyone vaguely dissatisfied.
Watch for liquidity traps. The same whales who pumped this on lawsuit rumors could dump on the news. Classic crypto theater.
Ripple Settles $50M SEC Fine – What It Means for XRP
After a long battle with the U.S. Securities and Exchange Commission (SEC), Ripple has agreed to pay a $50 million fine to settle its civil enforcement case.
This settlement is part of a broader $125 million penalty and removes a big cloud over XRP’s future. Early rumors suggested Ripple might settle in XRP, but legal experts have clarified that the fine will be paid in cash, already in Ripple’s bank accounts.
This allows Ripple to focus on building its global payment network without the regulatory overhang.
- Total Penalty: $125 million, $50 million due immediately
- Remaining Balance: Returned to Ripple upon court approval
- Appeal Status: Both sides agree to drop appeals if injunction lifted
- Payment Method: Cash, not XRP, as confirmed by former SEC lawyer Marc Fagel
XRP/USD Technicals – Eyeing $2.70 on Fibonacci Extension
XRP/USD is strong, breaking above the 61.8% Fibonacci at $2.56383. This level is now support as XRP targets the 78.6% extension at $2.62788, with a more aggressive target at the 100% extension around $2.70947.
- Entry: Go long above the 61.8% level at $2.56400
- TP: Target near the 100% extension at $2.70947
- SL: Below the 50% retracement at $2.51885
- Risk/Reward: 2:1, in line with the bullish momentumXRP above 200 EMA, so bullish. Be careful at resistance.
