It is with all the excitement befitting the drawing room, dear reader, that I relay this: The seemingly interminable quarrel betwixt Ripple and the U.S. Securities and Exchange Commission has at last reached its final chapter. The parties, no less fatigued than the rest of us, have mutually agreed to withdraw their appeals. Thus concludes a saga which, for nearly half a decade, had captured the speculative imaginations of every gentleman and lady who dabbles in modern coinage-cryptocurrency, as the vulgar call it.
Enter Mr. Stuart Alderoty, Ripple’s sagacious Chief Legal Officer, to affirm the news. With a composure that would make even Mr. Darcy blush, he announced that, following some procedural machinations (votes and courts-how dreadfully dull!), both sides trotted off to the Second Circuit and dashed off dismissal papers. In his own words: “The end… and now back to business.” Can one not practically see him dusting off his papers with a sigh and a wry smile? 😏
Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals.
The end…and now back to business.
– Stuart Alderoty (@s_alderoty) August 7, 2025
Upon this news, the market flew into such a flutter as would quite shock Lady Catherine herself. XRP, the asset in question, vaulted a remarkable 12% in a single day’s time, mounting to the dizzying height of 3.34-a number certain to be the talk of every tea table from Bath to Brighton. 🎉
XRP Price Analysis
Analysts, ever the harbingers of doom (one wonders whether they wake up cross), persist in wagging their fingers at the chart. “Bearish divergence!” they declare, predicting possible weakness in the weeks ahead. Of course, one must allow for the possibility that all will be well-if only briefly. Traders, you are advised to keep your heads and your smelling salts close.
On the matter of immediate prospects, XRP shows all the spirit of a heroine rebounding from heartbreak, with evident buying support betwixt the values of 2.90 and 3.00. Should our heroine, alas, swoon below 2.90, she may find comfort only at levels of 2.75, or failing that, the rather less elegant 2.55 to 2.62.
Resistance, that fearsome aunt at every ball, looms between 3.35 and 3.40. Should XRP summon the bravery of an Austen protagonist and breach these heights, a splendid rally may ensue.
Fortune, if properly wooed, could grant targets of $3.47, and perhaps even lead the dance to the more illustrious $3.80-$4.30. There is, as ever, a catch: XRP must maintain its composure above $3.13-preferably even $3.38-to keep the uptrend possessing any measure of elegance.
Though resistance cavorts at $3.30-$3.40, the trend is, for now, positively amiable. Buyers, it seems, are having a fine time, scarcely letting the price falter since the weekend’s lows. One might say they are the undisputed masters of the present ballroom. 💃🕺
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2025-08-08 06:07