Peter Smith
XRP (XRP) shot up nearly 6% after Ripple said it's done with the SEC lawsuit for good. The world's fourth-biggest crypto is now sitting at $2.19, and everyone's talking about spot ETFs and whether BlackRock might jump in.
XRP (Ripple) Goes Wild After Ripple Calls It Quits on SEC Fight
XRP just had one hell of a day, jumping almost 6% as Ripple basically said "we're done" with their never-ending court battle against the SEC. The fourth-largest crypto by market cap got a serious boost when the company announced they're dropping their cross-appeal against the Securities and Exchange Commission.
Ripple's CEO Brad Garlinghouse dropped this bomb on Friday: "We're closing this chapter once and for all and focusing on what's most important—building the internet of value. Lock in." That's the kind of statement that gets people hyped, especially since this happened just a day after a U.S. court rejected both parties' joint motion. Crypto folks actually saw this as good news - like they're finally getting closer to putting this whole mess behind them.
XRP (Ripple) Sentiment Hits 17-Day High While Others Cool Off
Here's something interesting - while people are getting less excited about Bitcoin and Ethereum, XRP sentiment just hit a 17-day high according to Santiment's data. Yeah, even with that court rejection, XRP holders are feeling pretty good about where things are heading.
Right now XRP's chilling at around $2.19, bouncing back nicely from Friday's low of $2.06. It even touched $2.20 earlier today for a solid 5% gain. Chart watchers are keeping their eyes on key levels - if XRP can punch through the moving averages at $2.26 and $2.36, we might see it run to $2.65. If bears show up, $1.90 should catch it on the way down.
XRP (Ripple) ETFs Could Be Next Big Thing as BlackRock Eyes the Prize
Now here's where things get spicy. Nate Geraci from ETF Store basically said that with Ripple's SEC drama over, the door is wide open for spot XRP ETFs, and BlackRock might be interested. If BlackRock actually jumps into XRP, that would be massive - we're talking about the kind of validation that could bring in serious institutional money.
Robinhood also just dropped XRP micro futures contracts in the U.S. on Friday, adding to their Bitcoin and Ethereum futures. More trading options usually means more volume and liquidity, which is always good for price action.
The whole setup looks pretty bullish. You've got legal clarity, institutional players potentially getting ready to jump in, and more ways to trade XRP. For XRP holders and the crypto world, this could be the start of something huge.
Peter Smith
