XRP News: Surge Amid Speculation of SEC Case Dismissal

XRP has seen a notable price surge, with a 6.9% increase globally and an 8% rise in South Korea, fueled by reports suggesting the potential dismissal of the ongoing legal battle between Ripple Labs and the US SEC. This development is anticipated to contribute to the 'Trump rally effect' and could lead to more favorable crypto regulations. Market data from TradingView highlights increased trading activity for XRP, reflecting heightened investor interest.

XRP Surges Amid Speculation of SEC Case Dismissal

XRP has experienced significant price increases, up 6.9% globally and 8% in South Korea, driven by reports suggesting that the ongoing legal battle between Ripple Labs and the US SEC might soon be dismissed. This development is expected to contribute to the 'Trump rally effect' and potentially lead to more favorable crypto regulations. market data from TradingView indicates heightened trading activity for XRP. Additionally, the crypto community is optimistic about Gary Gensler's departure from the SEC, viewing it as a positive sign for Ripple's case. The Crypto Fear and Greed Index currently stands at 76, indicating extreme greed in market sentiment.

XRP Hits $20 Billion in Trading Volume, Market Cap Nears $190 Billion

XRP has achieved a significant milestone with a trading volume of $20 billion, and its market capitalization is approaching $190 billion. The Chaikin Money Flow (CMF) has returned to positive territory at 0.11, indicating moderate accumulation after a brief dip. With bullish EMA lines and strong momentum, XRP could test new all-time highs, but key support levels must hold to avoid a potential sharp correction.

XRP Whale Addresses Remain at Elevated Levels

The number of XRP whales — addresses holding between 10 million and 100 million XRP — reached 302 on January 17, marking one of the highest levels in its history. While this figure has slightly decreased to 301, it remains at an elevated level, indicating continued confidence among large holders. Tracking these whales is critical because their actions can significantly influence market trends. Their buying or selling decisions often signal shifts in sentiment or anticipated price movements.

XRP Price Prediction: Banking Giant Forecasts $10 ATH This Year

A renowned banking giant has made a bold prediction that XRP could reach $10 this year, marking a significant all-time high for the cryptocurrency. This projection comes as XRP has shown impressive growth, surging from $0.50 to over $2 in 2024. The banking giant's forecast has drawn significant attention from investors, highlighting XRP's potential for substantial gains.