XRP News: Ripple Settles with SEC, XRP Price Surges Toward $3.40 Resistance

Ripple and SEC Settle: A $50 Million Deal

Ripple Labs has settled with the U.S. Securities and Exchange Commission (SEC) over their ongoing lawsuit. As part of the agreement, Ripple will pay a reduced fine of $50 million and drop its cross-appeal. Additionally, the SEC will return $75 million of the original $125 million fine. The SEC is now set to request the lifting of the injunction on Ripple, marking a significant step forward in resolving the case.

XRP Price Surges and Eyes $3.40 Resistance

XRP is experiencing significant volatility and shows signs of a potential breakout. Regulatory clarity, particularly the ongoing SEC vs. Ripple case, and institutional adoption, including its inclusion in the U.S. Digital Asset Reserve, are fueling optimism. Additionally, Bitcoin’s rally could trigger capital rotation into XRP, supporting further gains. Technical indicators suggest that the recent price action was a liquidity sweep, setting the stage for a potential breakout. Key resistance levels at $2.9990 and $3.4000 may determine the next bullish leg for XRP.

Ripple and SEC Reach Settlement Ending Three Year Legal Fight

Ripple and the SEC have resolved their lengthy lawsuit. The SEC dropped its appeal and Ripple withdrew its cross-appeal. The SEC retains $50 million of the original $125 million penalty imposed on Ripple, with the rest to be returned. The court will lift the injunction on Ripple’s operations. The SEC Commission vote and final judicial approval are expected within 30-60 days, marking the conclusion of the case involving XRP.

BlackRock and Fidelity Poised to Enter XRP ETF Race After Ripple’s Legal Win

Nate Geraci, a leading ETF analyst, forecasts that BlackRock and Fidelity will soon join the XRP ETF race following Ripple’s legal victory against the U.S. SEC. Ripple successfully reduced its fine from $125 million to $50 million, down from the SEC’s initial $2 billion demand, and the injunction against Ripple is expected to be lifted. This paves the way for an XRP exchange-traded fund (ETF) in the U.S. after four years of legal battles.