Altcoins News
By Julie Binoche
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After a long and bitter courtroom battle, Ripple has scored a decisive victory against the U.S.
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The turning point came when Ripple’s Chief Legal Officer, Stuart Alderoty, posted a short yet pointed video on social media platform X (formerly Twitter), marking the SEC’s…
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The ripple effects—no pun intended—were felt almost immediately across crypto trading platforms.
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Backing up this trend is data from Glassnode, which shows whale addresses holding 10,000 XRP or more have hit an all-time high, now exceeding 300,000 wallets.
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However, the bullish narrative is not without its challenges. Despite the legal victory and strong sentiment metrics, XRP’s price action remains subdued.
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Volume indicators also reveal mixed signals. The On-Balance Volume (OBV) indicator has yet to reflect the kind of buying surge that would typically accompany a breakout.
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Technically, the next major hurdle lies at the $2.25 resistance level. A clean break above this zone, accompanied by strong volume and momentum, could validate the bullish bias…
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From a macro perspective, Ripple’s legal victory could mark the beginning of a new chapter—not just for XRP, but for the wider crypto industry.
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Still, for price action to align with sentiment, the market needs more than just legal wins.
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In conclusion, while Ripple’s courtroom triumph has injected fresh energy into the XRP market, traders and investors will need to see more than just sentiment and accumulation.
The Currency Analytics
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