An executive claims XRP trades at $0.60 and the business won against the SEC

Stuart Alderoty, Ripple's CLO, says the SEC case ruling is in and the company won.

The SEC spokeswoman stated the final litigation verdict resulted in a fine more than 12 times Ripple's suggestion.

Up 4.9% in seven days, XRP is around $0.60.
Investors are still digesting the SEC's lawsuit verdict on Ripple (XRP). Stuart Alderoty, Ripple's CLO, tweeted that the company won the litigation.

Thursday, XRP sits at $0.60 support.

Alderoty believes the SEC will appeal the verdict, but just 10% of appeals result in reversals.

XRP traders who praised the altcoin's legal clarity were reassured by Alderoty.

on July 2023, Judge Analisa Torres ruled that XRP is not a security on secondary markets. In the SEC vs. Ripple verdict, this was affirmed.

Traders are optimistic due to Ripple leaders' confidence and recent company and XRP Ledger ecosystem progress.

Ripple's annual flagship event Swell 2024 will be held October 15 and 16.

Technical Analysis: XRP nears $0.60 critical milestone.

In the last week, XRP rose 4.9% to $0.59. Altcoin trading around $0.60, a psychological threshold. According to the 50% Fibonacci retracement of the slide from the July 13 peak of $0.9380 to the July 5 low of $0.3823, XRP may rise 10.8% to $0.6602.

The RSI is 55.74, above neutral, giving bulls extra ammunition.

XRP may find support at the $0.5845–$0.5875 Fair Value Gap (FVG).

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