The post XRP Faces Crucial Test at $3.00 as SEC Case Continues appeared on BitcoinEthereumNews.com.

XRP must break $3.00 resistance for bullish confirmation toward $4.30-$6.40. Failed breakout may lead to a pullback toward $1.90-$2.00, testing key support. Long-term projections suggest XRP could reach $33-$60 if momentum strengthens. As Ripple’s legal battle with the U.S. SEC keeps getting delayed for a final closure, the complexity is heightened with the existing rulings both parties must adhere to, especially after Ripple filing their cross-appeal against SEC’s own appeal.  Adding to the legal twists, the latest extension of Ripple’s filing deadline to April suggests that Commissioner Mark T. Uyeda and Hester Peirce, may need to assess the next steps carefully.  This development also reduces the likelihood that the case will proceed to a full panel review, adding another layer of uncertainty to the situation. Hey, Bill! Hope all is well! I was of the belief that Ripple would have never filed their cross-appeal had the SEC not appealed in the first place. Still, Ripple’s request to extend their filing to April gives more credence that Atkins will need to figure the next steps out. — Sherrie 🌸 (@CherryEmpress21) February 21, 2025 XRP Price Dips and Market Trends XRP is currently priced at $2.58, reflecting a 2.88% decline in the last 24 hours and a 6.90% drop over the past week. Despite these dips, with a circulating supply of 58 billion tokens, its market capitalization stands at $151.37 billion.  Recent price movements indicate XRP’s bullish attempt. However, this attempt is facing key resistance zones. According to crypto analyst EGRAG CRYPTO, XRP is trading at $2.67. It’s now approaching significant resistance at $2.75, $2.83, $2.91, and $3.00. Crucially, breaking above these levels is needed to confirm a real upward trend. Related: XRP Holders Fire Back After Gary Cardone Says “I Sold My $81,000 XRP” XRP’s immediate resistance sits at $3.00, a…

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Filed under: News - @ February 22, 2025 9:27 am