XRP and Stellar Soar 20% as Judge Reduces SEC Penalty in Final Verdict
Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...
The dust is finally setting over the Ripple SEC case after a Judge reduced the final penalty, and in its wake, the prices of XRP and Stellar (XLM) have exploded.
This article explores the latest XRP and XLM price trends and also uncovers a surprising pick for the most hyped coin launch of August 2024.
The #XRP ruling is out. $125M fine for institutional sales. XRP won on retail sales & that the XRP token was not a security. How much $ loss did the SEC deal XRP holders?https://t.co/on5DXgKTpY
I'm not a lawyer or professional of any kind and this is not advice of any kind. pic.twitter.com/0XMRUkqlBd
The surprise win by Ripple over its retail trading and the status of XRP as security has bolstered market confidence; fuelling upside moves across the chart despite the $125M fine that was greenlit over institutional sales.
XRP Price Analysis: How’s Ripple Shaping Up Now The SEC Battle is Finally Over
As XRP pushes back up into bullish form, Ripple is now trading at a current market price of $0.61 (representing a 24-hour change of +2.65%).
This comes after a mesmerizing +28% gain ripped through the chart over the past 24 hours, as XRP price skyrocketed amid the sensational news.
And while the mythical $1 XRP remains ever elusive, the upside price action has redeemed the crippled Ripple price structure as the pump sent the price back above critical support levels at $0.51 and $0.57.
Better yet? The upside move has also seen Ripple, buoyed by the finalization of the SEC case, push back above strong support from a now ascendant 20DMA
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