$4 in Sight After Ripple’s SEC Victory?
The post $4 in Sight After Ripple’s SEC Victory? appeared on BitcoinEthereumNews.com. TL;DR XRP gains 9% daily after Ripple settles with SEC, boosting confidence across crypto markets. Whale wallets show mixed signs; exchange reserves fall while large transfers remain unusually high. XRP holds above $3.20 support with bullish momentum; RSI nears overbought, but trend still intact. The following presents multiple Ripple (XRP) price predictions given the above context. Ripple (XRP) Price Predictions: The Context In the last 24 hours, XRP has posted a sharp move higher. At the time of writing, the token trades around $3.31, representing a 9% daily gain. The price increase places XRP just below its yearly high of $3.65, a level touched three weeks earlier. For the week, XRP is now up more than 13%. During this period, the price has fluctuated between $2.77 and $3.36, while the past day saw a range between $3.03 and $3.37. Daily trading volume is also up, with more than $9.9 billion exchanged across major platforms. Notably, these movements come directly after Ripple finalized a legal settlement with the United States Securities and Exchange Commission. The deal ended a lengthy legal case that started in 2020. No further appeals will follow. With the case now behind the company, many traders and investors have adjusted their outlook on XRP. Market Responds to Institutional Activity Soon after the legal resolution became public, transaction monitors flagged a large XRP transfer. More than 16.6 million XRP, valued at over $55 million, moved to Coinbase from an unrecognized wallet. This transfer was one of the largest seen in recent months. Interestingly, the transaction coincided with a surge in trading volume. Price moved quickly through areas of prior resistance. XRP cleared the $3.10 to $3.15 zone with high volume. Buying pressure has been steady, supported by higher-than-normal inflows during the early hours of trading on August 8. This…
The post $4 in Sight After Ripple’s SEC Victory? appeared on BitcoinEthereumNews.com.
TL;DR XRP gains 9% daily after Ripple settles with SEC, boosting confidence across crypto markets. Whale wallets show mixed signs; exchange reserves fall while large transfers remain unusually high. XRP holds above $3.20 support with bullish momentum; RSI nears overbought, but trend still intact. The following presents multiple Ripple (XRP) price predictions given the above context. Ripple (XRP) Price Predictions: The Context In the last 24 hours, XRP has posted a sharp move higher. At the time of writing, the token trades around $3.31, representing a 9% daily gain. The price increase places XRP just below its yearly high of $3.65, a level touched three weeks earlier. For the week, XRP is now up more than 13%. During this period, the price has fluctuated between $2.77 and $3.36, while the past day saw a range between $3.03 and $3.37. Daily trading volume is also up, with more than $9.9 billion exchanged across major platforms. Notably, these movements come directly after Ripple finalized a legal settlement with the United States Securities and Exchange Commission. The deal ended a lengthy legal case that started in 2020. No further appeals will follow. With the case now behind the company, many traders and investors have adjusted their outlook on XRP. Market Responds to Institutional Activity Soon after the legal resolution became public, transaction monitors flagged a large XRP transfer. More than 16.6 million XRP, valued at over $55 million, moved to Coinbase from an unrecognized wallet. This transfer was one of the largest seen in recent months. Interestingly, the transaction coincided with a surge in trading volume. Price moved quickly through areas of prior resistance. XRP cleared the $3.10 to $3.15 zone with high volume. Buying pressure has been steady, supported by higher-than-normal inflows during the early hours of trading on August 8. This…
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