The conclusion of the SEC-Ripple lawsuit, which resulted in Ripple being fined $125 million, had a major impact on XRP prices, with the token jumping 20% immediately following the ruling. While the court upheld XRP's status as a non-security, concerns about the SEC's ability to appeal weighed heavily on market sentiment.
Judge Analisa Torres’s ruling that Ripple may have violated federal securities laws has created uncertainty, leaving traders worried about further legal developments. As a result, XRP fell below the key psychological support level of $0.60, reflecting market concerns about the potential impact of an appeal on the token’s future.
Furthermore, the possibility of an SEC appeal remains a major concern, with some analysts and journalists suggesting that the SEC may continue to challenge XRP’s non-security status, which could undermine market confidence. This uncertainty is important, as it could slow down or complicate applications for approval of an XRP-based ETF, a factor that is expected to increase the value of the token.
As traders face mixed signals from regulatory outcomes, XRP’s recent losses suggest volatility may persist until the regulatory situation is resolved. This situation highlights the delicate balance between regulatory clarity and market performance, with ongoing legal disputes likely to continue to influence XRP’s price trend in the near term.
Technically, XRP has been trading within a triangle pattern for the past seven years and is now preparing to break out from the top of this pattern. The broad consolidation within the triangle shows price volatility, and the narrowing price range at the top of the triangle shows price compression, signaling the possibility of a strong move.
Strong buy signals have appeared in 2020, 2022, and 2024, suggesting that the price is likely to move higher. Currently, the weekly chart shows XRP reversing from the RSI midline, suggesting a potential decisive breakout.
You can see the XRP price here.
https://tapchibitcoin.io/ripple-xrp-dung-truoc-nguong-but-pha-bat-chap-nhung-rui-ro-phap-ly-tiem-an.html
