Traders are closely monitoring price action in anticipation of a breakout above the $2.50 resistance zone—a level that could unlock further upside potential as May progresses.
Traders are closely monitoring price action in anticipation of a breakout above the $2.50 resistance zone—a level that could unlock further upside potential as May progresses. The broader sentiment surrounding XRP remains mixed, shaped by technical indicators, whale activity, and ongoing legal developments between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
Legal Uncertainty Lingers Amid Ripple–SEC Case
The XRP lawsuit remains an overhang on the asset’s price, though recent developments have not significantly altered XRP’s legal standing. A proposed $50 million settlement between Ripple and the SEC was initially delayed due to a procedural error. The court rejected the joint motion
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