XRP Dey Rise After Ripple-SEC Case Close with $20B Money Enter
XRP waka surge over 13% come reach $3.36 and settle near $3.32 on August 7 after Ripple Labs and the U.S. Securities and Exchange Commission (SEC) drop all appeals for their four-year legal waka. The judgement uphold Judge Analisa Torres 2023 decision say sales of XRP for public exchanges no be securities, but institutional sales still dey regulated after Ripple pay $125 million fine. 24-hour trading volume rise by 189% to $11.8 billion, push XRP market cap to $198 billion, show say investors don get fresh confidence. The case closure put $20 billion fresh capital for market. Traders see the dismissal as major regulatory milestone wey bring ongoing clarity and set precedent for future SEC enforcement for U.S. Technical analysis dey point to possible run up to $5. Overall, the news dey expected to be bullish for XRP, boost short-term momentum and support long-term adoption.
Bullish
The way wey dem settle the Ripple-SEC lawsuit clear big wahala wey dey for XRP, e make regulatory palava clear and investors confidence increase. The big rise for trading volume and di $20 billion wey everybody dey put inside show sey market liquidity and interest don rise. For short term, dis regulatory milestone go push bullish movement as traders dey expect say price go still rise. For long run, the US example for how to handle crypto enforcement dey reduce wahala, e go help make XRP get steady adoption and stability.