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XRP's Legal Battle: Settlement Rumors Spark Price Prediction

Coin WorldFriday, Jan 31, 2025 1:32 am ET

1min read

XRP Price Prediction For January 31

The XRP market has been closely watched in recent days, with investors eagerly awaiting the outcome of the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). While the case continues to unfold, the XRP community has been buzzing with speculation about a potential settlement and the possibility of XRP becoming a U.S. national digital asset reserve.

Ripple's CEO, Brad Garlinghouse, has reportedly had discussions with President Donald Trump regarding XRP's potential as a national reserve asset. Although the idea remains uncertain, the fact that such discussions are taking place is seen as a significant development. Meanwhile, the removal of the Ripple case from the SEC's website has sparked rumors about an imminent settlement, but experts caution against reading too much into this move.

In other news, the XRP Ledger has successfully launched the AMMClawback amendment, introducing new policies governing its Automated Market Maker pools. The upgrade went live after attaining 91.43% validator consensus and will allow the creation of AMM pools for stablecoin RLSUD. This development is expected to enhance liquidity for the remittance token and enrich trading opportunities within the XRP DEX.

As the market awaits the SEC appeal, XRP's price has been relatively stable, with investors seemingly waiting for further developments before making significant moves. The next key date to watch is January 30, which could dictate the short-term future of XRP. Meanwhile, NovaDEX, a Solana-based high-performance DEX, has gained attention with its robust staking pool and yield farming tools, reaching several important milestones since its mainnet launch.

Looking ahead to January 31, XRP is trading below $3.10 and is down by more than one percent in the last 24 hours. The market's reaction to key support levels suggests a solid bullish setup that has been building in recent days and weeks. To confirm the low has been established and wave two is complete, XRP needs to hold its current low around $2.65. If this level holds, XRP could potentially rally towards the $4.20-$5 range. However, a break below $2.76 could see a larger corrective structure unfold, pushing the price towards $2.52 again.

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