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Ripple vs. SEC Lawsuit Is Over; What’s the XRP Price Prediction Now?


Ripple vs. SEC Lawsuit Is Over; What’s the XRP Price Prediction Now?

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  • The long-running Ripple vs. SEC lawsuit has officially ended with a joint dismissal.
  • The price of XRP surged in response, rallying from $2.99 to over $3.30.
  • Analysts are now targeting the $4 price level as the next logical step for XRP.

The nearly five-year legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is officially over. Both parties filed a joint dismissal on Thursday, August 7, formally withdrawing their appeals and making last year’s landmark court ruling that XRP sales on public exchanges are not securities, final. 

How Did the XRP Price React?

The news sent an immediate bullish surge to XRP’s price. XRP price surged from around $2.99 level to $3.34 at the time of writing, with trading volume soaring as the market absorbed the definitive news; as reflected in the CoinMarketCap data.

Source: TradingView

What Is the Price Prediction for XRP Now?

With the lawsuit settled, technical analysis points to furthe…

The post Ripple vs. SEC Lawsuit Is Over; What’s the XRP Price Prediction Now? appeared first on Coin Edition.

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Coins

$ 1.21

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$ 0.00853

-6.66%

$ 0.00...361

$ 0.0000824

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In This News

Coins

$ 1.21

-6.34%

$ 0.00853

-6.66%

$ 0.00...361

$ 0.0000824

$ 0.000207


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