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Showing posts with the label legal hurdles

XRP's SEC Lawsuit Victory Sparks Price Surge and Market Rally

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The SEC lawsuit against Ripple has sent pretty serious shockwaves through the cryptocurrency market, with XRP’s price surging nearly 30% in just two weeks. This remarkable XRP price surge follows the SEC’s decision to drop its appeal against Ripple. Technical Analysis suggests a possible 75% gain as legal hurdles clear, and this is certainly fueling the XRP market rally that we are seeing at the time of writing. Also Read: UAE Commits to 10-Year, $1.4T Investment in US After Trump Meeting XRP’s Legal Battle and SEC Lawsuit Outcome Could Trigger Major Rally Source: Bitcoin News The SEC lawsuit appears to be concluding some major implications for XRP’s future from now on. On the date of March 19th, the SEC dropped its appeal, and then Bitnomial also went ahead and dismissed its SEC lawsuit before launching the first CFTC-regulated XRP futures in the US. Technical Pattern Signals Potential 75% Gains XRP’s chart shows a symmetrical triangle pattern signaling a...