👉XRP Price Remains Stable Despite SEC Lawsuit

📈 XRP Price Movement
Despite the SEC lawsuit against Ripple Labs, XRP continues trading within a stable range. The coin experienced rallies following Judge Torres’ summary judgment, the SEC losing the case against Ripple executives, and a bull market rally before the Bitcoin halving in March.

📊 XRP Futures and Options
Investors are positive about XRP futures and options expiring on May 31, due to Ripple’s legal success and potential US Federal Reserve rate cuts. Data from Deribit shows XRP options trading includes calls up to $1.1, with expiration data indicating a max region of $0.54. Over 5,260 XRP options worth $2.81 million will expire on May 31, with a put-call ratio of 0.22, suggesting potential profitability. XRP is currently trading at $0.5275, with a 24-hour range of $0.5238 to $0.5399, and trading volume surged to $1.1 billion, up 85%.

⚖️ Ripple vs. SEC Update
The final outcome of the SEC lawsuit is awaited, with a decision expected by Q3 2024. The SEC has demanded a $2 billion fine from Ripple Labs and opposed Ripple's attempt to keep evidence sealed.