Ripple's victory against the SEC fuels bullish sentiment among XRP traders
- Ripple's lawsuit with the SEC comes to an end, boosting XRP traders' hopes for a bullish market
- Despite the optimism, XRP's price stays put; a significant price jump requires strong volume and resistance clearance
XRP traders show optimism after legal triumph, sparking speculation towards potential $2.25 reach.
XRP enthusiasts are all abuzz as Ripple's legal saga with the SEC reaches its concluding chapter. Ripple's Chief Legal Officer (CLO), Stuart Alderoty, shares a one-minute victory video on X (formerly Twitter), sparking optimism among XRP supporters.
The excitement is palpable on Binance, where more than 71% of futures traders are going long on XRP. Additionally, whale addresses holding 10,000+ XRP have reached an all-time high, surpassing 300,000. These indicators show that investors, both large and small, are putting their faith in XRP.
The end of the SEC lawsuit
After more than four years of legal battles, the SEC has finally dropped its case against Ripple - a major win for the company. While the SEC's silent retreat came in the form of a dropped appeal in March 2025, legal analysts interpret it as a tacit admission of weakness, strengthening Ripple's position and sparking fresh confidence among XRP believers.
A rising tide of bullish sentiment
According to market analyst Ali Martinez, more than 71.54% of Binance futures traders are taking long positions on XRP, indicating a clear shift in market sentiment. This surge in long positioning suggests that traders expect favorable outcomes following the SEC's exit.
The on-chain data also reveals increasing optimism, as whale accumulation reaches record levels. According to Glassnode, the number of XRP addresses holding 10,000 or more coins has surpassed 300,000, marking an all-time high. This accumulation trend continued even during price consolidation, suggesting conviction-driven buying.
XRP's price trajectory
At the time of writing, XRP trades at $2.18 with little volatility, indicating a consolidation phase. The RSI rests at 50.94, suggesting neither overbought nor oversold conditions. Meanwhile, OBV has failed to register a significant uptick, pointing to limited wider market participation.
This divergence between bullish sentiment and muted volume could delay any immediate price jump. For a rally to materialize, XRP needs a significant increase in buying pressure, resulting in a decisive close above recent resistance levels near $2.25. Until then, consolidation will likely be the dominant theme.
Did You Know?The current settlement between Ripple and the SEC involves a $50 million fine, with Ripple receiving a $75 million refund from a previously paid $125 million penalty[3][5]. This settlement significantly mitigates the legal dispute, making institutional investors more inclined to invest in XRP[3][5]. Some analysts predict XRP could reach $10 or more by the end of 2025 due to regulatory clarity and improved market sentiment[1]. The resolution of this lawsuit and the lifting of the injunction on institutional sales will likely enhance XRP's market appeal, possibly driving its price towards $3 or beyond[4][5]. However, the future price movement will also depend on broader market conditions, technological advancements, and potential regulatory changes in the cryptocurrency sector.
- The end of Ripple's lawsuit with the SEC, marked by a dropped appeal in March 2025, has prompted a surge of optimism among XRP supporters, indicative of a rising tide of bullish sentiment.
- On Binance, more than 71.54% of futures traders have taken long positions on XRP, a clear indication of traders' expectations for favorable outcomes following the SEC's exit.
- Additionally, the on-chain data shows an increasing optimism among investors, as whale accumulation of XRP has reached record levels, with over 300,000 addresses holding 10,000 or more coins.
- Regulatory clarity, improved market sentiment, and technological advancements could potentially drive XRP's price towards $3 or beyond, making it more appealing to institutional investors, but the future price movement will also depend on broader market conditions and potential regulatory changes in the crypto sector.
