After a three-year legal battle, a U.S. court ruled that XRP is not a security.
Ripple has filed a cross-appeal against the SECâs latest legal actions, seeking further regulatory clarity.
2. Impact on the Broader Crypto Market:
Ripple aims for comprehensive regulatory guidance, as the outcome could set a precedent for other cryptocurrencies.
Any settlement with the SEC could significantly influence market behavior and future regulations.
3. Technical Challenges â Looming Death Cross:
XRP is struggling to break out of a symmetrical triangle pattern, facing bearish pressure.
A death cross may form as the 50-day moving average crosses below the 200-day moving average, indicating a potential downtrend.
4. Key Psychological Price Level:
XRP risks falling below the critical $0.50 threshold, which could impact market sentiment.
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Currently, XRP trades around $0.5383, with investors adopting a cautious approach.These developments highlight both legal and technical uncertainties, making XRPâs path forward crucial to watch in the coming days.
