XRP Price Prediction: XRP Eyes $2.50 Breakout as Momentum Builds and Traders Target Key May Levels
The post XRP Price Prediction: XRP Eyes $2.50 Breakout as Momentum Builds and Traders Target Key May Levels appeared on BitcoinEthereumNews.com. XRP, the native token of the Ripple network, is showing signs of renewed momentum as it hovers near $2.35 following a sharp decline from the recent high near $2.62. Traders are closely monitoring price action in anticipation of a breakout above the $2.50 resistance zone—a level that could unlock further upside potential as May progresses. The broader sentiment surrounding XRP remains mixed, shaped by technical indicators, whale activity, and ongoing legal developments between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Legal Uncertainty Lingers Amid Ripple–SEC Case The XRP lawsuit remains an overhang on the asset’s price, though recent developments have not significantly altered XRP’s legal standing. A proposed $50 million settlement between Ripple and the SEC was initially delayed due to a procedural error. The court rejected the joint motion under Rule 62.1 because it failed to cite Rule 60, which governs relief from final judgments. Ripple signed the agreement on April 23, while the SEC followed on May 8. Ripple has accepted the SEC’s settlement offer, officially concluding the XRP case on May 19—marking a pivotal moment for the XRP community. Armando Pantoja via X Despite the hiccup, Ripple’s Chief Legal Officer, Stuart Alderoty, reassured stakeholders that the court’s response was procedural, not a reflection of the settlement’s validity. A revised motion is expected soon. This latest XRP lawsuit update is viewed as a temporary setback rather than a substantive roadblock, offering some clarity for investors tracking Ripple lawsuit proceedings. Whale Activity and Ripple’s Strategic Moves Massive transfers of XRP have stirred speculation in recent days. Over $350 million worth of XRP has moved between major entities, with Ripple and Crypto.com being key participants. While the receiving wallets remain unidentified, patterns from past activity suggest these transactions may be related to over-the-counter (OTC) deals or efforts…
The post XRP Price Prediction: XRP Eyes $2.50 Breakout as Momentum Builds and Traders Target Key May Levels appeared on BitcoinEthereumNews.com.
XRP, the native token of the Ripple network, is showing signs of renewed momentum as it hovers near $2.35 following a sharp decline from the recent high near $2.62. Traders are closely monitoring price action in anticipation of a breakout above the $2.50 resistance zone—a level that could unlock further upside potential as May progresses. The broader sentiment surrounding XRP remains mixed, shaped by technical indicators, whale activity, and ongoing legal developments between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Legal Uncertainty Lingers Amid Ripple–SEC Case The XRP lawsuit remains an overhang on the asset’s price, though recent developments have not significantly altered XRP’s legal standing. A proposed $50 million settlement between Ripple and the SEC was initially delayed due to a procedural error. The court rejected the joint motion under Rule 62.1 because it failed to cite Rule 60, which governs relief from final judgments. Ripple signed the agreement on April 23, while the SEC followed on May 8. Ripple has accepted the SEC’s settlement offer, officially concluding the XRP case on May 19—marking a pivotal moment for the XRP community. Armando Pantoja via X Despite the hiccup, Ripple’s Chief Legal Officer, Stuart Alderoty, reassured stakeholders that the court’s response was procedural, not a reflection of the settlement’s validity. A revised motion is expected soon. This latest XRP lawsuit update is viewed as a temporary setback rather than a substantive roadblock, offering some clarity for investors tracking Ripple lawsuit proceedings. Whale Activity and Ripple’s Strategic Moves Massive transfers of XRP have stirred speculation in recent days. Over $350 million worth of XRP has moved between major entities, with Ripple and Crypto.com being key participants. While the receiving wallets remain unidentified, patterns from past activity suggest these transactions may be related to over-the-counter (OTC) deals or efforts…
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