Ripple’s Legal Victory: Time to Buy XRP Before It Soars? 🚀💸

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Oh, guess what? Ripple (XRP) just had a 10% surge to $2.59 on Wednesday—yes, you read that right. And why, you ask? Well, it turns out that the U.S. Securities and Exchange Commission (SEC) finally decided to end its 5-year-long lawsuit against Ripple. So now, we’re all wondering: how high can XRP go before it does its best impression of a rollercoaster ride? 🎢💰

Ripple’s Price Climbs 10% After SEC Decides To Throw In the Towel

In case you missed it, Ripple (XRP) just had a major victory. A 10% price hike to $2.60, thanks to the SEC finally saying “bye-bye” to its lawsuit. And of course, Brad Garlinghouse, Ripple’s CEO, made sure to post a 4-minute video on X (formerly Twitter) to make it official. A nice little moment for him, as he delivered the news that the legal headache was over. 🚨💥

In a display of investor enthusiasm (or maybe just pure FOMO), XRP’s trading volume went through the roof. CoinMarketCap showed a volume increase of $7.4 billion. That’s right—BILLION. Somebody stop us, we’re all in. 🙌💸

Surprisingly, Ripple’s victory didn’t just help XRP—Bitcoin (BTC) and Ethereum (ETH) got in on the action, with their prices rising by 2.2% and 6.6% respectively. Looks like Ripple’s legal drama has had a ripple (pun intended) effect on the entire crypto market. 📈

Ripple’s Brad Garlinghouse Is Finally Done With The SEC Drama

In his video, Brad Garlinghouse sounded positively relieved. After all, he’s been dealing with this lawsuit since 2020, and now it’s finally over. He even had a little dig at the SEC for making life difficult for the whole crypto industry. He suggested that the whole drama had been unnecessary and a pain for investors. Geez, Brad—tell us how you really feel! 😅

Oh, and for the record, Ripple was adamant that XRP should NOT be considered a security, citing its decentralization and practical uses for cross-border payments. In other words, no, Ripple doesn’t think it should be classified like your stock portfolio. 📉

Remember that game-changing ruling in July 2023? It basically said that XRP’s secondary market sales weren’t securities transactions. Well, guess what? The SEC had to let go of the case, which means Ripple can now get back to business. 🙌 The market’s ready for more from Ripple—especially since institutional investors were avoiding XRP while the lawsuit loomed like a dark cloud. 🌥️

Oh, But Wait—Here Come the Leveraged Traders (Brace Yourself!)

While everyone is celebrating the end of the lawsuit, here’s a plot twist: leverage in the derivatives market is on the rise. So, while traders are getting excited, it’s also creating a perfect storm for potential liquidations. ☠️

According to Coinglass, XRP’s trading volume has jumped a massive 199.11% to $15.07 billion. And open interest? That’s up by 17.98%, reaching $3.71 billion. Looks like people are betting BIG on Ripple. But be careful, because these bets could quickly turn into a “whoops” moment. 💣

Oh, and here’s a fun fact: Binance traders are so bullish that their long/short ratio is at 1.85—meaning they’re all in on long positions. OKX traders aren’t far behind, with a ratio of 1.39. If things don’t go according to plan, let’s just say there could be some very unhappy traders. 💀

In the last 12 hours, over $29 million worth of positions were liquidated. Yikes! 😱 And we’re only talking about the last 24 hours. Just think of what could happen if XRP slips below $2.50. It might trigger a serious chain reaction of sell-offs. Eek!

XRP Price Forecast: Is $2.50 the New $3.00? 👀

Right now, XRP is playing around with the $2.50 level. Hold strong, and it could head even higher! If it stays above that, we might see a price explosion toward $2.70 or higher. It’s like a ticking time bomb. 💣⏳

The Relative Strength Index (RSI) is hanging at 53.67, so it’s a little bullish, but nothing too wild yet. However, if it breaks 60, prepare for some serious buying action. 📈

But let’s not get too carried away. The 30.27% rally in the past four days is impressive, but some folks might start taking profits soon. If XRP doesn’t hold above $2.50, we might see a small pullback. But don’t panic—it could still push through the $3.00 mark in the next few weeks. And wouldn’t that be just delicious? 😋

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2025-03-20 00:21