📬 Ripple Files Final Cross-Appeal vs SEC
XRP is trading near $2.37, down 10% from last week’s high. Ripple’s CTO has filed a final cross-appeal to the SEC, aiming to solidify XRP’s non-security status. This move could help set key regulatory precedents and potentially open the door for altcoin ETF approvals.
⚖️ Regulatory Win Could Spark Broader Rally
The SEC dropped its appeal on March 19, ending a years-long legal battle. Ripple’s cross-appeal ensures all legal angles are addressed, with investors now eyeing broader market impacts. If Ripple prevails, ETF approval for other altcoins like SOL, ADA, and DOT could follow.
📉 XRP Price Outlook: Bounce or Breakdown?
XRP sits at $2.3731, right above the 61.8% Fib retracement level. If bulls hold this line, price could bounce to $2.50. However, MACD hints at a bearish crossover, and low volume adds risk.
🔻 A drop below $2.37 could trigger losses to $2.30 or even $2.26. A strong bounce above $2.40 and $2.50 is needed to revive the bullish trend.
📊 What to Watch:
Keep an eye on volume spikes and MACD signals for a clue to XRP’s next move.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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