XRP Faces Crucial Test at $3.00 as SEC Case Continues
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- XRP must break $3.00 resistance for bullish confirmation toward $4.30-$6.40.
- Failed breakout may lead to a pullback toward $1.90-$2.00, testing key support.
- Long-term projections suggest XRP could reach $33-$60 if momentum strengthens.
As Ripple’s legal battle with the U.S. SEC keeps getting delayed for a final closure, the complexity is heightened with the existing rulings both parties must adhere to, especially after Ripple filing their cross-appeal against SEC’s own appeal.
Adding to the legal twists, the latest extension of Ripple’s filing deadline to April suggests that Commissioner Mark T. Uyeda and Hester Peirce, may need to assess the next steps carefully.
This development also reduces the likelihood that the case will proceed to a full panel review, adding another layer of uncertainty to the situation.
Hey, Bill! Hope all is well! I was of the belief that Ripple would have never filed their cross-appeal had the SEC not appealed in the first place. Still, Ripple’s request to extend their filing to April gives more credence that Atkins will need to figure the next steps out.
— Sherrie(@CherryEmpress21) February 21, 2025
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The post XRP Faces Crucial Test at $3.00 as SEC Case Continues appeared first on Coin Edition.
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