XRP News: Ripple’s Lawsuit with SEC Continues Amid Speculation Over Penalty Reduction

The ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) continues to captivate the cryptocurrency world. Here’s a summary of the latest developments and their potential implications for XRP’s future.

Ripple v. SEC Lawsuit Update March 9th

Ripple’s lawsuit with the SEC remains ongoing. Speculation suggests the company might wait for Paul Atkins to become Chairman of the SEC to potentially drop or reduce the $125 million penalty. Prior to the SEC’s appeal, Ripple was willing to pay the fine. The SEC has changed its approach toward crypto since Gary Gensler’s departure, dismissing or pausing lawsuits against various crypto entities. Attorney Fred Rispoli has a theory that the current 2-1 pro-crypto Commission might drop the appeal.

Sub $1 XRP Could Soon Be a Reality, Investors Hedge with Remittix

The crypto market is volatile, with XRP’s short-term outlook murky despite gains on Thursday. Heavyweights are making millions in profit, while sentiment turns bullish on a possible U.S. crypto reserve. Meanwhile, Remittix, a fast-rising DeFi contender, is making headlines by burning through its presale and offering a revolutionary solution to cross-border payments. Investors are hedging with Remittix amidst XRP’s wild price action.

XRP Price Chart Signals Trouble – Possible Drop To $1.20?

The price of XRP has seen a significant downtrend in the last 24 hours, declining by almost 5%. A renowned market analyst has stated that a strong bearish pattern is forming on the XRP price chart, signaling further price drops ahead. Over the last week, XRP investors have witnessed volatility after a spontaneous 30% surge to $3.00 was followed by a bearish price action of almost equal strength. Currently, XRP trades at around $2.30, signaling dominant selling pressure. The analyst mentioned that XRP’s price action on its daily chart is forming a head-and-shoulders pattern.

XRP Transactions Rocket Over 2 Million, Sparking Hope Of Another Breakout To $5

XRP transactions have exploded, reaching over 2 million in a single day since Trump announced his strategic crypto reserve. Investors speculate about another massive breakout for XRP. Meanwhile, Rollblock (RBLK), a GameFi project, is gaining attention for its high-stakes gaming ecosystem and lucrative staking rewards.