Spike

Circuit

<p>Despite the ongoing Ripple vs SEC case and market uncertainty, XRP is witnessing a remarkable 266% surge in buying from institutional investors. Last week, institutional purchases jumped to $1.1 million, up significantly from just $0.3 million the previous week. This substantial increase reflects growing confidence in XRP’s potential, especially following Ripple’s favorable outcomes in recent court rulings.&nbsp;</p>   
<p>Is this the moment for XRP or it will be once again a flash in the pan? Let’s uncover.&nbsp;</p>   
<p>As the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price</a> climbs over 1% to approximately $0.54, market enthusiasm is palpable. The 24-hour trading volume has surged by 45%, demonstrating heightened interest from traders amid the ongoing legal developments. With Ripple’s legal victories bolstering optimism, investors appear poised for a significant rally in XRP’s price.</p>   
<h2 class="wp-block-heading" id="h-ripple-vs-sec-update"><strong>Ripple vs SEC Update</strong></h2>   
<p>The backdrop of this buying frenzy is Ripple’s preparation to file appeals in the Second Circuit Court. The <a href="https://coinpedia.org/news/sec-appeals-ripple-ruling-whats-next-for-ripple-vs-sec-lawsuit/" target="_blank" rel="noreferrer noopener">SEC’s recent decision</a> to challenge Judge Torres’ ruling, which imposed a <a href="https://coinpedia.org/news/ripple-clo-heres-when-ripple-will-pay-125-million-fine-to-sec/" target="_blank" rel="noreferrer noopener">$125 million penalty</a> instead of the nearly $2 billion originally sought, has drawn criticism from the crypto community. Ripple CEO Brad Garlinghouse has emphasized that the cross-appeal aims to counter the SEC’s regulatory overreach, advocating for a more predictable regulatory framework.</p>   
<h3 class="wp-block-heading" id="h-regulatory-scrutiny"><strong>Regulatory Scrutiny</strong></h3>   
<p>Former SEC lawyers suggest that the agency may target secondary sales of XRP in its appeal. This raises significant concerns about regulatory consistency, particularly when comparing XRP to Ethereum, which the SEC previously did not challenge regarding futures contracts. Legal experts have criticized the SEC’s approach, questioning the rationale behind its enforcement actions and highlighting inconsistencies in how different cryptocurrencies are treated.</p>   [post_titles_links postid="365561"]   
<h2 class="wp-block-heading" id="h-xrp-price-current-market-position"><strong>XRP Price: Current Market Position&nbsp;</strong></h2>   
<p>XRP has demonstrated resilience amidst bearish market sentiment, trading within a tight range with key support levels around $0.50 and $0.64. Although technical indicators hint at potential volatility, a complete decline to zero is deemed unlikely in the near term. Historically, XRP has experienced two major price surges since its launch in 2013: the first was a staggering 41,000% increase following the 2016 Bitcoin halving, while the second saw only a 1,000% rise amid the SEC lawsuit, highlighting the asset’s struggles.&nbsp;</p>   
<p>The average waiting period for XRP’s rallies post-halving is 241 days, and with 175 days elapsed since the <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/" target="_blank" rel="noreferrer noopener">2024 Bitcoin halving</a>, a potential bull market could emerge in about 66 days, aligning with the fifth anniversary of the SEC v. Ripple case. If Ripple can navigate its legal hurdles and forge strategic partnerships, XRP could recover significantly, but regulatory challenges may dampen its price prospects.</p>

Ripple News: Is XRP Price Ready for Breakout with 266% Spike in Institutional Investments?

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