XRP News: Potential Breakout and Long-Term Projections Highlighted

XRP’s Falling Wedge Signals Potential Breakout to $3.39

XRP is trading within a falling wedge pattern on the daily chart, with support at $1.70. A breakout above this pattern could push the cryptocurrency to target levels of $3.20 to $3.39. These levels align with prior Fibonacci retracement and resistance levels. However, a drop below $2 may lead to $1.60 due to a lack of strong support. Long-term projections suggest XRP could hit $9.7 or even $27 based on historical market cycles.

Big Breaking: SEC Drops XRP Case, Ripple CEO Confirms

After more than four years of legal battles, the U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Ripple Labs (pending vote of the commission). The case, which was filed in December 2020, accused Ripple of conducting an unregistered securities offering by selling XRP. Ripple’s CEO, Brad Garlinghouse, expressed relief and pride, stating that the case marked a pivotal moment in the ongoing struggle for clarity in the cryptocurrency industry. Garlinghouse added that it was clear to him that this case was flawed from the start and was the first major shot fired in the war against crypto.

Ripple vs SEC Lawsuit Nears End: Major XRP Developments Ahead

The Ripple vs SEC lawsuit is approaching its conclusion, drawing significant attention from the crypto market. Experts predict that Ripple’s IPO could open up new investment opportunities. Recently, Ripple’s valuation reached $11.3 billion after share buybacks. The outcome of this legal dispute will have major impacts on Ripple and the cryptocurrency markets. The industry forecasts potential changes in banking partnerships, decentralization technology, and an IPO launch. Ripple is executing its strategic initiatives as the lawsuit enters its final phase.

SEC Drops Case Against XRP, Ripple CEO Claims Victory

Ripple CEO Brad Garlinghouse has announced that the U.S. Securities and Exchange Commission (SEC) is dropping its appeal in the long-running legal battle over XRP. The case, which began in December 2020, accused Ripple of selling XRP as an unregistered security. In a statement, Garlinghouse called the lawsuit a failed attempt by the SEC to regulate the crypto industry through enforcement. He described the case as ’doomed from the start’ and framed it as part of a broader government effort to ’pick winners’ in the crypto space. This is a resounding victory for Ripple and the crypto industry.