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Critical Developments in Ripple and SEC Case: What Will XRP Price Be?

Ripple ve SEC Davasında Kritik Gelişmeler: XRP Fiyatı Ne Olacak?
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The case between Ripple and the US Securities and Exchange Commission (SEC) continues to be one of the hottest topics in the crypto world. There has been a new development in the case recently. The Second Circuit Court of Appeals has set a date of January 15, 2025 for the SEC to submit its application. This decision shows that the SEC is under serious pressure and that the Ripple case has become more important than ever. While all this is happening, Ripple’s international growth steps are also drawing attention.

In this case between Ripple and SEC, SEC previously appealed the court decision. However, as we reported as Kriptokoin.com , it was noteworthy that it requested a new assessment regarding institutional sales of XRP. However, there have been misunderstandings recently that SEC missed a filing date. The court has now emphasized that they need to take the issue seriously by setting a clear deadline. However, hopes are high on the Ripple front. In addition, the company continues its global expansion by taking a strong stance.

XRP Coin Predictions from Artificial Intelligence and Master Analysts!

On the other hand, Coinbase CEO Brian Armstrong’s harsh criticism of the SEC has become a hot topic. Armstrong said that the new SEC chairman should abandon unnecessary lawsuits. He also stated that this would be an important step to regain the trust of the American people. Such statements in the crypto world increase the expectation that major changes may occur with the upcoming elections. Ripple has achieved strong growth momentum with the new licenses it received from Dubai. This development further increases the company’s influence in the international market.

XRP Whale Movements and Market Concerns

The XRP community was recently in a state of flux after a major whale transaction took place. Approximately 31.1 million XRP was transferred from an unidentified wallet to the Bitso exchange. This massive transfer is worth $15.8 million. However, such transactions are generally interpreted as selling pressure. XRP investors have begun to watch with curiosity how the price will be affected.

Whales Flock to Ripple (XRP)! Where Is the Price Headed?

Ripple CEO Brad Garlinghouse says that the approval of the XRP ETF is close. With the approval of Bitcoin ETFs, there are hopes that a similar development may occur for XRP. Grayscale has applied for an ETF that includes XRP. In addition, this application, if approved, will provide institutional investors with easier access to XRP. This development creates great anticipation among investors.

Ripple (XRP) Price Technical Outlook

The XRP price is currently trading at the critical support level around $0.50. Technical analysis shows that the inverse head-and-shoulders pattern formed on the 4-hour chart is seen as a bullish sign. If XRP manages to stay above $0.50 and break through the neckline at $0.58, a significant trend reversal will occur. However, strong buyer support is needed for this move to happen.

XRP/USD 4hr Price Chart (source: TradingView)

Analysts are closely monitoring XRP’s price action. The CMF indicator is currently at a neutral level, indicating that buyer pressure is not yet sufficient. On the other hand, the Relative Strength Index (RSI) is near the oversold zone. This shows that the price has been under serious downward pressure recently. For a possible recovery, it is of great importance that legal developments end in favor of Ripple and that buying interest in the market increases.

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Critical Developments in Ripple and SEC Case: What Will XRP Price Be?
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