SEC vs Ripple Twist: Court Rejects $50M Settlement, Upholds Penalty on XRP Sales
Court Ruling on Ripple and SEC: U.S. District Judge Analisa Torres has denied a joint request from Ripple and the SEC to amend a final judgment, maintaining Ripple's $125 million penalty and injunction against its XRP sales to institutional investors.
Implications of the Decision: The ruling emphasizes that private settlements cannot override court judgments when public interest is at stake, keeping legal pressure on Ripple's institutional sales and highlighting the severity of its misconduct in violating securities laws.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.515 | 0.816 | 1.153 | 1.454 | 1.79 | 2.091 | 2.428 |
| Fibonacci | 0.816 | 1.06 | 1.21 | 1.454 | 1.697 | 1.848 | 2.091 |
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