Great news comes out of the SEC case versus Ripple – it has been officially ended! Last week, SEC dropped its appeal, and now a final decision has been reached. Ripple will pay a fine of $ 50 million, and has also agreed to drop her appeal, and the former judge’s order will be raised.
The chief legal officials of Ripple, Stuart Alderoty, the following update: Last week, SEC agreed to drop her appeal without conditions. Ripple now agreed to drop her cross. The Securities and Stock Exchange will retain $ 50 million from a fine of $ 125 million (already in a guarantee of interest in cash), with the balance back to Ripple. “
“The agency will also ask the court to submit the standard imposed barriers that were imposed earlier at the request of the Supreme Education Council. All of them are subject to public vote, formulation of final documents and the usual court operations,” He added.
While this represents a legal victory for Ripple, the XRP price has failed to respond to the news. Despite the settlement and legal victory, XRP is still stuck under the 2.50 dollar sign.
XRP price analysis: when?
Given the XRP price movement, the graph still shows signs of a greater difference in landing. In the time frame for 3 days, this difference remains active, hinting that there is no strong momentum in both cases.
The price often bounces sideways, trading between the main support levels and resistance levels. According to the analyst Josh of Crypto World, in the short term, XRP bounces between support levels ranging from $ 2.24 to $ 2.30 and $ 1.95 to $ 2.05, with modern support at $ 2.36. For resistance, the price faces short -term resistance at $ 2.56, with higher resistance levels between $ 2.65 to $ 2.80, and about 3 dollars.
Steph Is Crypto also has also shared a scheme that shows a very bullish future for XRP-which is the outbreak of a multi-year-old bull science style.
Currently, the XRP price lacks momentum in either direction. It is not optimistic or excessive and still is relatively neutral in the short term.
