Krutika Adani
After a four year long battle, the legal tussle between SEC and Ripple seems to have finally concluded. Courts have delivered a decision that mostly favors Ripple and imposes a $120 million fine.
Now after almost two years of uncertainty, the price of XRP finally seems bullish enough to cross $1 within 2024.
In the last one week, XRP’s daily charts have seen the formation of a bullish flag pattern that might help XRP cross $0.74 this month.
XRP has a series of supports at $0.55, $0.51 and $0.41 and resistances are at $0.62 and $0.72.
Given the closure of its legal troubles, XRP might see a new ATH in early 2025 and could reach $3.5.