Ripple vs. SEC ends with $125M fine! – Here’s how XRP prices reacted
Main Idea
Ripple and the SEC have officially ended their legal battle with a $125 million penalty and a ban on certain institutional sales, bringing legal certainty to the XRP market.
Key Points
1. Ripple and the SEC have dropped their remaining appeals, finalizing a $125 million penalty and a ban on certain institutional XRP sales.
2. The legal closure has provided clarity on XRP's market standing, with Judge Analisa Torres previously ruling that open market sales of XRP did not violate securities laws.
3. XRP's price initially rallied but was consolidating around $3.34, showing bullish alignment in EMAs but with signs of overbought conditions and fading momentum.
4. The $125 million penalty will soon be transferred to the U.S. Treasury, marking the financial closure of the case.
5. The resolution of the legal battle removes uncertainty, though XRP's price momentum has cooled due to profit-taking after the surge.
Description
With all appeals dropped and penalties locked, Ripple turns the page on one of crypto’s most dramatic court showdowns.
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