Latest news with #RippleLabs
Yahoo
7 hours ago
- Business
- Yahoo
XRP Rallies Above $3.25 After Ripple-SEC Settlement as Institutional Interest Surges
Technical Analysis Overview XRP jumps 11% in the 24-hour period ending August 11, moving from $2.90 to highs of $3.27 before settling at $3.22. The breakout comes as institutional trading volumes spike 208% to $12.40 billion following the formal dismissal of the SEC's case against Ripple Labs. Open interest in derivatives rises 15% to $5.90 billion, underscoring aggressive positioning from large players. Price action shows early-session volatility, with a sharp drop from $3.24 to $3.16 during the 07:00 hour on 144.54 million volume. Buyers defend the $3.15-$3.16 zone, triggering a late-session push that breaks $3.22 resistance and holds above $3.24 into the close. News Background The Securities and Exchange Commission and Ripple Labs officially ended their multi-year legal battle, jointly dismissing appeals in the XRP case. The resolution removes a long-standing regulatory overhang and opens the door for broader corporate and institutional adoption. The rally comes alongside heightened derivatives activity and bullish technical setups, with some institutional research desks targeting $4.50-$5.00 as potential medium-term upside. Price Action Summary • XRP gains 11% as price breaks above $3.00 psychological barrier on surging institutional volumes• $3.15-$3.16 emerges as strong accumulation zone following 07:00 selloff from $3.24• Late-session breakout clears $3.22 resistance on sustained large-order flow above 4 million units• Session range spans $0.11 (3% volatility) between $3.27 high and $3.15 low Market Analysis and Economic Factors Regulatory clarity triggered aggressive corporate treasury rebalancing and new speculative inflows from institutional desks. The $3.15 support zone now acts as a key reference for short-term risk management, while $3.24-$3.27 serves as near-term resistance. Breakout confirmation above this band could accelerate momentum toward higher technical targets, especially if ETF-related flows in Japan spill over into U.S. markets. Technical Indicators Analysis • Volume surge to $12.40B, up 208% from prior day• Open interest climbs 15% to $5.90B, signaling leveraged positioning• Resistance: $3.24-$3.27; Support: $3.15-$3.16• Breakout above $3.22 confirmed by late-session institutional flows• Technical setup aligns with breakout from multi-month consolidation What Traders Are Watching • Follow-through above $3.27 to validate breakout toward $3.50+• Sustainability of large-holder accumulation post-regulatory resolution• Impact of derivatives positioning on spot market volatility• Potential spillover from Japan's SBI Bitcoin-XRP ETF filing
Yahoo
2 days ago
- Business
- Yahoo
U.S. Spot XRP ETFs: Five Possible Reasons Behind BlackRock's Hesitation to File for One
BlackRock has made bold moves into bitcoin and ether ETFs, but on Friday, the asset manager said it had no immediate plans to file for a spot XRP exchange-traded fund (ETF), dashing the community's hopes that its entry could help extend XRP's 2025 rally. This statement — made the day after the U.S. Securities and Exchange Commission (SEC) and Ripple Labs jointly asked an appeals court to dismiss their respective appeals, signaling an end to their nearly five-year legal battle — has left investors questioning why BlackRock remains on the sidelines. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA While several asset managers, including ProShares, Grayscale, and Bitwise, have filed for XRP ETFs since late 2024, BlackRock's absence is notable, especially given its dominance in the bitcoin and ether ETF markets. Here are five reasons why BlackRock appears in no hurry to launch a spot XRP ETF, despite the XRP community's anticipation of a demand-driven price surge. First, BlackRock has cited limited client interest in cryptocurrencies beyond BTC and ETH. Back in March 2024, Robert Mitchnick, the asset manager's head of digital assets, said that there's a misconception that BlackRock will have a "long tail" of other crypto services. "I can say that for our client base, bitcoin is overwhelmingly the No. 1 focus and a little bit ethereum," he said during a fireside chat at the inaugural Bitcoin Investor Day conference in New York on March 22. Second, BlackRock's strategic caution around regulatory uncertainty plays a role. Although XRP sales on public exchanges are deemed non-securities, the broader regulatory framework for altcoins remains murky. BlackRock may be waiting for clearer SEC guidelines before entering the altcoin ETF space. The firm's conservative approach contrasts with competitors like ProShares, which filed for a spot XRP ETF in January 2025 alongside leveraged and futures-based XRP ETFs, the latter tracking XRP futures contracts rather than the token's spot price. Third, BlackRock may see diminishing returns in pursuing a spot XRP ETF given the crowded field. As of August 2025, at least seven firms, including Grayscale, Franklin Templeton and 21Shares, have a pending spot XRP ETF application. Fourth, the XRP community's expectations of a price surge may not align with BlackRock's data-driven strategy. Polymarket odds for the SEC approving a spot XTP ETF in 2025 stand at 77%. BlackRock's tokenized money market fund on Ethereum and Solana shows blockchain interest, but XRP's smaller market footprint may not justify the operational costs of a new ETF. Finally, BlackRock's global perspective prioritizes markets where XRP demand is less pronounced. While the XRP community, active on platforms like X, anticipates a spot ETF driving demand, much of XRP's trading volume comes from Asia, where BlackRock's ETF presence is less dominant. At press time, XRP was trading around $3.1852, down 3.92% in the past 24 hours, according to CoinDesk Data. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
U.S. Spot XRP ETFs: Five Possible Reasons Behind BlackRock's Hesitation to File for One
BlackRock has made bold moves into bitcoin and ether ETFs, but on Friday, the asset manager said it had no immediate plans to file for a spot XRP exchange-traded fund (ETF), dashing the community's hopes that its entry could help extend XRP's 2025 rally. This statement — made the day after the U.S. Securities and Exchange Commission (SEC) and Ripple Labs jointly asked an appeals court to dismiss their respective appeals, signaling an end to their nearly five-year legal battle — has left investors questioning why BlackRock remains on the sidelines. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation While several asset managers, including ProShares, Grayscale, and Bitwise, have filed for XRP ETFs since late 2024, BlackRock's absence is notable, especially given its dominance in the bitcoin and ether ETF markets. Here are five reasons why BlackRock appears in no hurry to launch a spot XRP ETF, despite the XRP community's anticipation of a demand-driven price surge. First, BlackRock has cited limited client interest in cryptocurrencies beyond BTC and ETH. Back in March 2024, Robert Mitchnick, the asset manager's head of digital assets, said that there's a misconception that BlackRock will have a "long tail" of other crypto services. "I can say that for our client base, bitcoin is overwhelmingly the No. 1 focus and a little bit ethereum," he said during a fireside chat at the inaugural Bitcoin Investor Day conference in New York on March 22. Second, BlackRock's strategic caution around regulatory uncertainty plays a role. Although XRP sales on public exchanges are deemed non-securities, the broader regulatory framework for altcoins remains murky. BlackRock may be waiting for clearer SEC guidelines before entering the altcoin ETF space. The firm's conservative approach contrasts with competitors like ProShares, which filed for a spot XRP ETF in January 2025 alongside leveraged and futures-based XRP ETFs, the latter tracking XRP futures contracts rather than the token's spot price. Third, BlackRock may see diminishing returns in pursuing a spot XRP ETF given the crowded field. As of August 2025, at least seven firms, including Grayscale, Franklin Templeton and 21Shares, have a pending spot XRP ETF application. Fourth, the XRP community's expectations of a price surge may not align with BlackRock's data-driven strategy. Polymarket odds for the SEC approving a spot XTP ETF in 2025 stand at 77%. BlackRock's tokenized money market fund on Ethereum and Solana shows blockchain interest, but XRP's smaller market footprint may not justify the operational costs of a new ETF. Finally, BlackRock's global perspective prioritizes markets where XRP demand is less pronounced. While the XRP community, active on platforms like X, anticipates a spot ETF driving demand, much of XRP's trading volume comes from Asia, where BlackRock's ETF presence is less dominant. At press time, XRP was trading around $3.1852, down 3.92% in the past 24 hours, according to CoinDesk Data. Sign in to access your portfolio
Gizmodo
3 days ago
- Business
- Gizmodo
The SEC Just Quietly Surrendered in Its Biggest Crypto Battle
The crypto world's biggest and most consequential legal war is finally over. Ripple Labs, a fintech giant, has just closed the book on its nearly five-year battle with the U.S. Securities and Exchange Commission, ending a fight that had become a proxy for the future of cryptocurrency regulation in America. The surprise settlement is being hailed as a landmark victory for the crypto industry and a significant blow to the SEC's controversial 'regulation by enforcement' strategy. The 'SEC announces joint stipulation to dismiss appeals, resolving civil enforcement action against Ripple and two of its executives,' the regulator said in a statement on July 7. Ripple is a company that uses its cryptocurrency, XRP, to make international money transfers faster and cheaper than traditional banking systems. In 2020, the SEC sued Ripple, alleging that XRP was an unregistered security. In simple terms, a security is an investment contract, like a share of stock. If a crypto token is deemed a security, it must follow the same strict registration and disclosure rules, a standard most crypto projects have not met. An SEC victory could have effectively outlawed XRP in the U.S. and set a precedent to cripple hundreds of other tokens. On August 7, the fight officially ended. The SEC announced a 'joint stipulation to dismiss appeals, resolving civil enforcement action against Ripple,' while Ripple agreed to drop its cross-appeal. The final judgment from the lower court—including a $125 million penalty—will remain in effect, but the war is over. While Ripple is paying a penalty—$50 million—, the company is walking away with a far more valuable prize: a game-changing legal precedent. A 2023 ruling from Judge Analisa Torres dealt the SEC a major blow by finding that Ripple's sales of XRP on public exchanges—where buyers are anonymous and not dealing directly with the company—did not qualify as securities transactions. That part of the decision remains intact. This is a huge deal. It creates a crucial distinction that other crypto projects can now use in their own legal battles, potentially shielding them from the SEC's claim of blanket authority over the market. By choosing to settle rather than risk having this ruling upheld by a higher court, the SEC has shown the limits of its 'regulation by enforcement' playbook: its strategy of creating rules through individual lawsuits instead of issuing clear guidelines for the industry. As Ripple's chief legal officer, Stuart Alderoty, wrote on X, it's 'the end… and now back to business.' 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, 2025While both sides can claim partial victories, the biggest winner is arguably Main Street, or the everyday investors and developers who have been caught in the regulatory chaos for years. The brutal legal battle forced a court to confirm that not all digital assets are automatically securities, especially when traded by the public. This provides a clearer, though still incomplete, set of rules. For investors, it reduces the risk that their holdings could be declared illegal overnight. For innovators, it provides a slightly clearer path to building compliant projects in the U.S., moving the industry one step closer to mainstream legitimacy. The SEC has spent years trying to define the crypto industry through litigation. The Ripple case shows that strategy is losing steam. The agency's decision to settle rather than risk another courtroom loss could embolden other crypto companies to fight back rather than agree to quick deals. This marks the start of a new chapter in the crypto-Washington standoff, one where legal and political pressure may finally be forcing a long-overdue rethink of how America regulates digital assets.
Yahoo
3 days ago
- Business
- Yahoo
XRP Leads Double Digit Altcoin Rally as Cardano, Chainlink and SUI Surge
Altcoins such as XRP, Stellar (XLM), and Chainlink (LINK) rallied on Friday as crypto markets celebrated the formal end of the SEC and Ripple Labs's appeals and much-anticipated end of the five-year legal battle. XRP rocketed 10.5% to $3.32, XLM jumped 14.6% to $0.46, and LINK surged 14.0% to $19.22 in the past 24 hours, according to CoinGecko. Altogether, the global crypto market cap has gained 1.2% in the past day, rising to $3.89 trillion. Other major altcoins followed suit, with Sui (SUI) climbing 8.1% to $3.79, Cardano (ADA) rising 7.2% to $0.79, Hyperliquid (HYPE) gaining 7.0% to $40.54, and Solana (SOL) rising 7.9% to $0.22. Ethereum (ETH) joined the rally, posting a 4.6% gain to $3,892.83, while Solana gained 3.5% to $175.37. The recent market resurgence has 85% of Myriad Market users confident that ETH will be able to surpass $4,000 before the end of the month—a steep uptick from yesterday, when 54% of users thought it would happen. (Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorially independent Decrypt.) The rally comes after both the SEC and Ripple filed to dismiss their respective appeals in the Second Circuit Court, with the $125 million penalty now transferring to the U.S. Treasury. The 2023 split ruling remains intact. The judge found that institutional XRP sales violated securities laws, while public exchange sales did not. SEC and Ripple End Appeals, Closing Landmark Crypto Case as XRP Soars "The crypto market saw a rapid change in sentiment driven by multiple factors, not just the end of SEC and Ripple's appeals removing a major hurdle for XRP," Illia Otychenko, Lead Analyst at told Decrypt. "Momentum primarily surged after Trump signed an executive order allowing crypto in 401(k) retirement plans," he said, noting additional catalysts including the SEC's clarification that certain liquid staking activities are not securities. The SEC's Wednesday statement confirmed that staking protocols such as Ethereum's Lido and Solana's Jito are not considered securities. The analyst noted, "this rapid change sparked local FOMO, amplified speculation on social media, and pushed the Fear & Greed Index back into the greed zone." SEC Exempts Liquid Stakers Like Ethereum's Lido, Solana's Jito From Securities Laws Mal Zane, Regional Director at crypto exchange CoinEx, told Decrypt about XRP's technical breakout potential, saying "a breakout above $3.33 could pave the way toward $3.65 in the coming days." "If positive news flow and liquidity inflows persist, medium-term targets are estimated at $5.00–$5.50 over a 1–1.5-month horizon," Zane added. 'A break of $3.10' could pause XRP's run, Zane said, with downside likely toward $2.80.
