🚀 Ripple News: XRP Price Rallies 7% As Former CFTC Chair Says ‘SEC Will Drop The Lawsuit’

📈 XRP Rallies Amid Strong Support
XRP has rebounded from the $1.25-$1.30 range, finding solid support and gaining over 7% in the last 24 hours. Currently trading near $1.45, XRP is outperforming major cryptocurrencies, signaling potential for further growth.

🚀 Consolidation Phase and Key Resistance
Despite the rally, XRP remains in a consolidation phase. Analysts highlight $1.50 as a critical resistance level. A breakout above this mark could push XRP toward $1.70-$1.75 if bullish momentum continues.

🤝 Ripple’s Partnership with Bitwise
Ripple has partnered with Bitwise, rebranding its XRP ETP to the Bitwise Physical XRP product. This is seen as a significant step forward, with Ripple advancing efforts for XRP ETFs, further boosting investor confidence.

⚖️ Ripple vs. SEC Case Update
Former CFTC Chairman Giancarlo speculates the SEC may drop its case against Ripple under the incoming Trump administration. With prior court rulings favoring XRP and Ripple’s cross-appeal aiming to affirm XRP’s non-security status, Ripple’s legal position appears to be strengthening.

🌟 Outlook for XRP
With a favorable legal environment and strong technical indicators, XRP could fully capitalize on the ongoing bull run. Breaking key resistance levels and regulatory clarity could pave the way for XRP to achieve higher price targets.