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Business Upturn
26-05-2025
- Business
- Business Upturn
XRP News Today: Price Fluctuates Ahead of Court Deadline, Bitcoin and Dogecoin Prices Stable
By GlobeNewswire Published on May 26, 2025, 20:20 IST Los Angeles, California, May 26, 2025 (GLOBE NEWSWIRE) — SEC v. Ripple: Focus turns to closed-door meeting as court deadline looms XRP prices fell as the SEC-Ripple impasse intensified, with investors keeping a close eye on key SEC meetings this week. The SEC's silence on the matter after it failed to agree on a settlement to modify Judge Analisa Torres' final ruling added to market uncertainty. On May 15, Judge Torres denied the SEC's request for an indicative ruling that would have lifted the ban on selling XRP to institutional investors and reduced a $125 million fine. Since then, XRP prices have plunged from a high of $2.6507 before the court ruling to $2.2659 on May 25. The ongoing pullback reflects growing investor concerns about the legal impasse. Investor focus now turns to the SEC's closed-door meeting scheduled for Thursday, May 29. The meeting may determine the quorum required to restart settlement negotiations. Earlier, Judge Torres pointed out that the SEC had made procedural errors and failed to convincingly prove that the proposed terms were in the public and institutional interests. How to earn passive income from XY Miners? 1. Register an account now ( get a $15 bonus upon registration ) 2. Choose a mining contract flexibly according to your budget and profit expectations The following are potential revenue contracts: Antminer L7 Investment: $100 Total Return: $106 (including $6 profit) Antminer L9 Investment: $500 Total Return: $537.50 (including $37.5 profit) Antminer S21+ Investment: $1,000 Total Return: $1,146.30 (including $146.3 profit) Antminer S19e XP Hyd Investment: $5,000 Total Return: $7,355.00 (including $2355 profit) Antminer S21+ Hyd Investment: $10,000 Total Return: $15,010.00 (including $5010 profit) (The platform has launched a variety of stable income contracts, which can be viewed on the XY Miners official website.) 3. Once the contract is launched, the platform will immediately perform mining operations for you. The system automatically settles the income every day. You can choose to withdraw or reinvest at any time without any hidden fees. What Happens if There's No Settlement? If no progress is made, the court may pressure the SEC to resume its appeal, a default step. Alternatively, the court could grant an extension if both parties show good faith efforts to resolve the US Court of Appeals could also dismiss the SEC's appeal on procedural grounds, though this remains highly unlikely. Absent a settlement, Ripple may proceed with its cross-appeal, adding further complexity to the legal landscape. With the clock ticking, these potential legal scenarios expose XRP to increased near-term price volatility. A second request for an indicative ruling and the court's response could be the next major catalyst for XRP. XRP Price Outlook: Legal Risks in Focus XRP advanced 0.57%, following Saturday's 1.44% gain, closing at $2.3426. The token underperformed the broader market, which rose 0.95%, taking the total crypto market cap to $3.37 near-term outlook depends on court filings, court rulings, and updates related to XRP-spot ETFs. Technical support sits at $2.26. A break above the May 12 high of $2.6553 could signal a move toward $3.00, with the potential to reach the record high of $3.5505. Bitcoin Gets Tariff Relief While XRP faces legal turbulence, Bitcoin's (BTC) momentum is influenced by trade developments. On Sunday, May 25, President Trump announced a delay to the 50% tariff on EU goods, stating:'I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% tariff with respect to Trade and the European Union. I agreed to the extension – July 9, 2025 – It was my privilege to do so. The Commission President said that talks will begin rapidly.' BTC surged 1.65% within an hour of the announcement, climbing from $107,419 to $109,315 before easing back. Sunday's price action reflected BTC's sensitivity to geopolitical events and their implications for inflation and Fed policy. State-Level Momentum Behind the Bitcoin Act While trade news drives short-term moves, US crypto legislation may influence BTC's longer-term supply-demand dynamics. Senator Cynthia Lummis reintroduced the Bitcoin Act in 2025. The bill proposes the US government purchase one million BTC over five years, with a mandatory 20-year holding period. Optimism about Congress passing the bill has contributed to BTC's recent gains. State-level support is growing. Texas lawmakers recently approved a crypto strategic reserve bill, now awaiting Governor Gregg Abbott's signature. Arizona and New Hampshire were the first to approve Strategic Bitcoin Reserve bills and several other states have proposed similar legislation. BTC Price Outlook: Legislation and ETF Trends BTC climbed 1.15% on May 25, extending Saturday's 0.46% gain to close at $109,096. The near-term outlook depends on legislative developments, trade headlines, macroeconomic indicators, and ETF inflows. Potential scenarios: Bearish Scenario: Renewed trade tensions, legislation setbacks, US recession fears, and ETF outflows could drag BTC below $100,000. Bullish Scenario: Easing trade frictions, positive economic data, Bitcoin Act progress, and ETF inflows could drive BTC above the record high of $112,912 to target $115,000. What to Watch Investors should monitor legal updates in the Ripple case, crypto legislation from Washington, and key US economic indicators. These factors will likely influence market sentiment and determine whether XRP and BTC can retest recent highs. Explore analyst forecasts on where XRP and BTC may head next amid legal and political tailwinds. Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involves risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Mayor
18-05-2025
- Business
- Business Mayor
$40 Billion Worth Of XRP On The Move – Where Are They Headed?
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Onchain data shows that over $40 billion worth of XRP has been moved over the last week, which puts the altcoin on the edge. Specifically, these coins were transferred to exchanges, which indicates that XRP is at risk of a massive sell-off. Over $40 Billion XRP Moved To Exchanges CryptoQuant data shows that over $40 billion has been moved to Binance this past week, with the exchange's reserves surging during this period. This development is usually bearish as it indicates that investors are looking to offload their coins. This comes as the XRP price surged to as high as $2.6, which explains this wave of profit-taking. Related Reading Moreover, crypto analyst Ali Martinez revealed that Bitcoin whales have secured profits, selling over 30,000 BTC this week. As such, XRP whales may be simply mirroring this move. Meanwhile, Bitcoinist reported that XRP is reaching oversold levels as net flows turn negative, with the wave of sell-offs heightening. This selling pressure comes amid Judge Analisa Torres' ruling in the Ripple SEC lawsuit , which provides a setback for XRP. The judge denied the parties' motion for an indicative ruling because the filing was procedurally improper. The ruling also sparked a massive sell-off, with XRP dropping over 4%. XRP risks losing its bullish setup as Martinez revealed that the key support zone is at $2.38, meaning that a drop below this level could lead to a deeper correction. However, a hold above this level could set the altcoin for a rally to new highs as the analyst revealed that there are no major resistance clusters ahead. Crypto analyst CasiTrades had warned that XRP's failure to hold above the $2.69 resistance could send its price towards $2.30 for a reset. Altcoin Has Formed A Double Bottom Formation In an X post, crypto analyst Egrag Crypto revealed that XRP has formed a double bottom following the dip to $2.3126. He stated that the altcoin is still bouncing off the red descending trend line, showing resilience. The analyst added that the altcoin is experiencing some micro noise within the range between the Fibonacci 0.888 levels at $2.30 and $2.62. Related Reading His accompanying chart showed that the key is for the XRP price to hold above the trendline at $2.3. A bounce from this level could send the altcoin as high as $3.8, near its current all-time high (ATH) of $3.84. Based on its historical performance, Egrag Crypto still expects the altcoin's price to rally to between $27 and $33 in this market cycle. Source: Egrag Crypto on X At the time of writing, the XRP price is trading at around $2.37, down almost 2% in the last 24 hours, according to data from CoinMarketCap. XRP trading at $0.21 on the 1D chart | Source: XRPUSDT on Featured image from Getty Images, chart from
Yahoo
26-03-2025
- Business
- Yahoo
Ripple to Get $75M of Court-Ordered Fine Back From SEC, Drops Cross-Appeal
The long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) seems to finally be near an end, with Ripple emerging victorious. The SEC will return the lion's share of the $125 million-court ordered fine paid by Ripple last year, according to a Tuesday X post from Ripple's chief legal officer Stuart Alderoty, keeping just $50 million and returning the $75 million balance to Ripple. The proposed settlement, which is subject to commissioner and court approval, comes just a week after the SEC agreed to drop its appeal of U.S. District Court judge Analisa Torres' 2023 ruling that Ripple's programmatic sales of XRP to retail exchanges did not violate federal securities laws. Torres found that only Ripple's institutional sales violated securities laws, ordering Ripple to pay the $125 million fine. Though hefty, the fine was a mere fraction of the nearly $2 billion in civil penalties, disgorgement and prejudgement interest the SEC initially requested. As part of the pending settlement agreement, Ripple has agreed to drop its cross-appeal of the SEC's appeal. Alderoty also said that the SEC will ask the court to lift the standard injunction imposed against Ripple. XRP jumped 1.5% higher in the minutes following the news before paring some of the gains, changing hands at around $2.47 recently. The token was down 0.5% over the past 24 hours, in line with bitcoin (BTC) and the broader crypto market benchmark CoinDesk 20 Index's performance. A representative for the SEC did not immediately respond to CoinDesk's request for comment. — Krisztian Sandor contributed reporting. Sign in to access your portfolio
