Ripple's SEC Saga: Will It End in a Whimper or a Bang? 🤔💰

Ah, the Ripple case, a tantalizing tale that could conclude in mere days or weeks, should they waltz into a private agreement with the SEC. 🕺💃
Meanwhile, the betting crowd and Options traders are placing their chips on XRP dipping below $2 by the end of March. 🎲

In a twist befitting a political drama, President Donald Trump’s newly minted SEC has paused or permanently dismissed a plethora of crypto investigations initiated by the Biden administration. Yet, like a stubborn stain on a fine silk shirt, the Ripple [XRP] case remains conspicuously absent from the dismissal list. 🧐

Reports flutter about like moths to a flame, suggesting that the Ripple case might soon be but a whisper in the wind, as Fox Business journalist Eleanor Terret, citing her well-placed sources, has declared,

“Two well-placed sources tell me that the SEC vs. Ripple case is in the process of wrapping up and could be over soon.”

However, the only thorn in this rosy scenario is Judge Analisa Torres’s ruling, which slapped Ripple with a $125M fine for the institutional sale of XRP, along with a permanent injunction against selling XRP to this particular investor category. Ouch! 😬

Pro-XRP attorney Jeremy Hogan, ever the optimist, suggests that a resolution is only possible if both parties can reach a private agreement to smooth over these prickly issues. He quips,

“The only way the case could ‘be over’ soon is if Ripple and the SEC reach a private settlement agreement.”

What’s next for XRP?

Should the dismissal materialize, it could lift the regulatory fog that has shrouded the altcoin’s potential for over four long years. 🌫️

Some argue that Trump’s election victory and the subsequent 500% rally indicated that XRP had already priced in the regulatory clarity, yet the ETF speculation continues to loom large. 📈

As of now, XRP’s post-election gain has slightly dipped to a modest 340%, with a current valuation of $2.2 on the price charts. 📉

On Polymarket, bettors are eyeing the $3.5 level for the March price target, with a hefty $257K volume backing their dreams. However, the prediction site gives this level a mere 7% chance of materializing. Talk about a long shot! 🎯

Most bettors, with their modest wagers, anticipate a 40% chance that XRP will plummet to $1.7 this month. 📉

Interestingly, the majority of Deribit Options traders also foresee XRP dipping below $2 and then miraculously soaring above $3 by the end of March. 🦸‍♂️

The probability of reclaiming $3 on the Options platform stands at a paltry 15% at press time, while the odds of a dip to $1.7 hover between 90%-100%. Quite the rollercoaster! 🎢

Meanwhile, the selling pressure on centralized exchanges (CEXes), as measured by Exchange Inflow, has remained flat since mid-January. 💤

This curious phenomenon might explain how XRP has managed to cling to its substantial election gains while most others have retreated to levels reminiscent of November. 🕰️

Whether the ETF approval or the Ripple case dismissal will turn into a ‘sell-the-news’ event, triggering a frenzy of whale sell-offs, remains a tantalizing mystery. 🐋

From a price analysis perspective, the $2 mark has been the key support to watch since last December, coinciding with the 50% Fibonacci retracement level, while the golden ratio of 61.8% lurks at $1.6.

In simpler terms, losing $2 would not only alter the XRP market structure but also embolden the bears to hunt for $1.6 or even $1.4 if market sentiment takes a nosed

2025-03-13 13:16

Ripple’s SEC Saga: Will It End in a Whimper or a Bang? 🤔💰

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