- What ho! The curtain falls on the SEC vs Ripple extravaganza, shaking the altcoin chappies right to their core just in time for the 2025 altseason—a jolly shindig if there ever was one! 🥳
- Ripple Labs, quick on the uptake, polishes the XRPL network while U.S. crypto rule-makers finally decide which end is up.
The United States Securities and Exchange Commission, perhaps tired of clubbing about in dusty courtrooms, has filed a settlement letter with U.S. District Court Judge Analisa Torres concerning its marathon tiff with Ripple Labs. Thus, after over four thoroughly exhausting years—four!—the plot of SEC vs. Ripple fizzles out, leaving even the hardiest legal aunts gasping for tea and a lie down.
Our heroine, Judge Torres, now has to make a pronouncement on The Fate of the Injunction (cue dramatic music)—and, crucially, whether to hand back a nifty little $50 million from escrow to the Ripple coves. Should she give the nod, the spotlight swivels eastward, as Ripple and the SEC gear up to regale the Second Circuit with their legal vaudeville. 🕺
“After the injunction disappears in a puff of legal logic, and the loot is doled out, SEC and Ripple will ask for a polite dismissal of each other’s appeals. Curtains! Encore optional.”—James K Filan, legal eagle and, presumably, a man who keeps his wristwatch ahead of schedule.
XRP Price: Off to the Races on Ripple’s Jolly Good News
With the final gavel whacked and the SEC vanquished (or at least politely bundled off), Ripple is set to attract more financial institution types than a free lunch in the City. XRP, forever the eager beaver, is priming itself for a bright future—partnering hither and thither like a socialite with a champagne flute.
On-chain number-crunchers whisper that whale investors—those with pockets between 10 and 100 million deep—have snaffled up 880 million more XRP tokens this past month, now hoarding a colossal 7.75 billion units. It’s enough to make Scrooge McDuck blush. 🤑
On the back of all this high-society wheeling and dealing, XRP’s price is in fine fettle, charging onwards in bullish lockstep with Bitcoin and its merry band. In the last 24 hours alone, XRP leapt a sprightly 7.8%, trading at a majestic $2.3 on Thursday, May 8 (at an entirely reasonable hour in North America).
If $XRP breaks through the $2.26 resistance, it could trigger a bullish breakout toward $2.60! 🚀
— Ali (@ali_charts) May 8, 2025
Ali Martinez, crypto oracle par excellence, reckons XRP is ready to make a dash for $2.60 once it vaults the pesky $2.26 resistance. Fasten your seat belts, dear reader—if this continues, someone will be uncorking the Bollinger.
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2025-05-09 01:57