Ripple has officially ended its legal battle with the US Securities and Stock Exchange Committee (SEC) with its cross down. This follows the SEC decision to withdraw its appeal without conditions. As part of the settlement, Ripple will get $ 75 million from a $ 125 million penalty kick. SEC will keep $ 50 million, which was already being held in the guarantee. In addition, the regulator will ask the court to lift a judicial order in advance, according to the final approvals.
XRP compliance with MICA
The LCX white leaf rated XRP as the other “ASSET-ASSET” according to the markets in the MICA standards (MICA). Although XRP does not need any white submission legally, the volunteer document enhances transparency and enhances investor confidence in encryption assets.
The Crypto Egrag Crypto analyst has set potential goals for XRP, while highlighting a multi -dimensional investment and trading approach. According to the analyst, the conservative goal for XRP is $ 15, while the action of the ordinary measurement is $ 22.
Source: x
The expanded measurement indicates a price of $ 44, with a personal goal set at $ 27. The analyst advises investors to gradually take profits instead of waiting for peak, while emphasizing that providing profits guarantees financial safety.
XRP market performance and price goals
XRP is currently trading at $ 2.46, which reflects an increase of 1.66 % over the past 24 hours. The market value is 143.34 billion dollars and 24 hours trading volume of $ 2.72 billion. Analysts set the potential price goals of XRP with expectations ranging from $ 15 to a $ 44 goal. Investors are advised to manage profit strategies with the development of market conditions.
Source: TradingView
The price of XRP started ascending in December before entering a period of unification between support at $ 1.9862 and resistance at $ 3.2958. When XRP arrived near its resistance level, it decreased before the construction of trading patterns near the support areas with a decrease in trading. The data shows the initial high trading volume during the assembly, but the numbers decreased with the progress of the period.
Source: Coinglass
In late September and in the middle of November, the interest of XRP FUTURES Open did not show any exciting differences because it maintained fixed levels alongside the XRP price movement. XRP has witnessed a significant increase in prices, as well as expanding open interest in late November. The price increase maintained its momentum during early February, as it achieved the maximum values before showing signs of price corrections. The open interest and price continues to maintain higher levels compared to previous periods, indicating the ongoing trader’s participation and future XRP market activity.