XRP News Today: Ripple XRP Soars to $3.23 After SEC Legal Battle Ends

Ripple’s XRP has surged to $3.23 amid a historic victory as the U.S. Securities and Exchange Commission (SEC) and Ripple jointly dismissed all remaining appeals, officially ending a five-year legal battle that began in December 2020. According to ChatGPT’s XRP analysis, the price action following the resolution has formed a classic bull flag pattern, with a 2.85% pullback triggering a 173% surge in trading volume to $12.62 billion. This liquidity explosion reflects heightened institutional interest and signals a potential path to ETF approvals [1].

Technical indicators suggest a strong bullish bias. The RSI stands at 57.81, indicating neutral territory with room for further upward movement, while the MACD is showing positive histogram momentum, hinting at a potential bullish crossover. XRP is currently trading above all major exponential moving averages (EMAs), including the 20-day, 50-day, 100-day, and 200-day, reinforcing the bullish structure. Volume remains elevated at 211.42 million XRP, with an average true range (ATR) of 2.37 indicating high volatility and potential for further price movement [1].

The resolution of the SEC vs. Ripple case marks a pivotal regulatory development. Investors who held XRP throughout the legal period have seen over 1,700% gains, validating the long-term conviction of the XRP community. This outcome not only clears the way for institutional adoption but also creates a regulatory precedent that could influence the broader digital asset landscape. With the legal uncertainty removed, the Polymarket odds for an XRP ETF approval have surged from 70% to 90%+ [1].

Market fundamentals further support the bullish narrative. XRP remains the third-largest cryptocurrency by market capitalization at $191.91 billion, with a 5.61% increase in the last reporting period. The 173.62% volume surge, alongside a 6.7% volume-to-market cap ratio, highlights massive institutional repositioning. The circulating supply of 59.3 billion XRP represents 59.3% of the maximum supply, supporting price stability through controlled token release [1].

Social sentiment has also turned overwhelmingly positive. LunarCrush data shows XRP’s AltRank reaching 22, with a Galaxy Score of 74 and 29.75 million total engagements in a single day. Despite a recent pullback, sentiment remains solidly positive at 78%, underscoring strong community confidence in XRP’s long-term prospects [1].

Looking ahead, ChatGPT’s analysis outlines three potential price scenarios over the next three months. A regulatory victory breakout (60% probability) could see XRP rise to $6.00–$8.00, driven by ETF approvals and institutional inflows. Extended bull flag consolidation (25% probability) may occur if approvals are delayed, with price likely ranging between $3.00–$3.50. A correction on profit-taking (15% probability) could bring XRP down to $2.80–$3.00, though a recovery is likely with strong institutional buying at key EMA support levels [1].

The immediate technical target is a decisive break above $3.40, which would validate the bull flag pattern and potentially accelerate XRP toward $6.00, with sustained adoption momentum potentially pushing it beyond $8.00. Failure to break above $3.40 would likely result in consolidation near $3.00–$3.20 before the next wave of institutional demand resumes [1].

With regulatory clarity now established, XRP is well-positioned to benefit from the growing institutional interest in digital assets. The combination of a bullish technical setup, strong volume metrics, and favorable sentiment suggests a compelling case for further appreciation in the near term.

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Source: [1] ChatGPT’s XRP Analysis Reveals Historic Victory Rally at $3.23 as SEC Case Officially Ends After 5-Year Battle

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