XRP News: SEC Drops Appeal in Ripple Lawsuit, Clarifying XRP’s Status

In a significant development for the cryptocurrency community, the U.S. Securities and Exchange Commission (SEC) has decided to withdraw its appeal in the legal battle with Ripple Labs. This move brings clarity to the ongoing debate regarding the classification of XRP as a security.

XRP Lawsuit News: Ripple Can Now Sell to Institutional Investors

The U.S. Securities and Exchange Commission (SEC) has decided to drop its appeal in the ongoing legal case involving Ripple. This decision brings clarity to the question of whether XRP should be classified as a security. Judge Torres had previously ruled that Ripple’s “programmatic sales” of XRP on secondary exchanges did not violate securities laws, but the direct sale of XRP to institutional investors was found to be in violation. However, with the SEC’s decision not to appeal, Ripple can now sell XRP to institutional investors.尽管如此, a former SEC lawyer warns of potential legal challenges ahead.

XRP Price Prediction For 2030: $29.32 or $0.13? Bitwise Breaks Down the Possibilities

Despite the recent victory in the SEC vs. Ripple lawsuit, XRP’s price hasn’t seen much movement. The 3-day chart still shows a clear bearish trend, with the token stuck in a pattern that suggests no major bullish momentum is expected in the NEAR future. On the resistance side, XRP is facing short-term resistance at around $2.50 and $2.56. If the price manages to break above these levels, there is further resistance between $2.65 and $2.80. For the time being, XRP’s price action remains largely neutral, bouncing between support and resistance levels. There is a lack of strong directional momentum, with both short-term bullish and bearish price movements occurring.

Did Trump Sign an Executive Order for XRP Payments? Here’s The Truth.

President Donald Trump recently signed an executive order to modernize the U.S. Treasury’s payment system, aiming to reduce fraud and improve payment efficiency by moving away from paper checks. Many in the crypto community speculate if this could lead to the U.S. government using Ripple’s XRP for payments. The order seeks to combine 47 separate payment systems and promote electronic payments, making them faster and less prone to fraud. The potential involvement of blockchain technology in these changes has excited crypto enthusiasts.

XRP Price Pattern Suggests Potential 40X Surge

XRP’s consolidation is nearing an explosive breakout, with Fibonacci time analysis pointing to key dates. The price structure suggests a surge toward resistance levels, potentially breaking past previous highs. Some projections hint at a parabolic move, with targets ranging from $16.50 to over $100. The cryptocurrency has been consolidating since it rallied to $3.40, and March 30 is seen as a significant date based on Fibonacci time analysis. This suggests the tightening formation could soon finish, leading to significant price action.