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XRP is traded for $ 2.34, because the legal tractor between war laboratories and sec goes into the break mode. The foundations on the chain are strong, while legal development still affects sentiment.
Attorney Bill Morgan confirmed that procedural incorrect step temporarily stopped finalizing Settlement with sec. Both parties signed an agreement – Ripple 23 April and SEC on 8 May – but the court rejected the joint proposal of Rule 62.1, because it does not refer to Rule 60, which regulates relief from final judgments.
Importantly, the rejection was not the rejection of the merit of the agreement, only legal framing.
As the settlement process goes
1. Agreements on Settings signed by Ripple Party on 23 April 2025 and SEC 8 May 2025
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2
3 .. Parties describe Rule 62.1 Movement asking for indicative…
– Bill Morgan (@Belisarius2020) 16. May 2025
Ripple, Stuart Alderota, told investors that the failure did not affect the legal position of the XRP.
A revised proposal will soon be submitted and then the parties may apply for a limited link to cancel the order a complete $ 50 million penalty.
- Signed Agreement on Settlement
- A proposal for indicative decisions denied (procedural)
- Parties are preparing a revised submission
Eyes XRP Eye Graph 2,38 $ Recovery at Channel Pressure
On the technical front Prediction Price XRP It remains slightly bear. On the graphs, XRP/USD is stuck in a descending channel on a 1 -hour chart, while the price consolidates at $ 2.35. The channel has a clear lower maximum and a lower minimum, which means bearish control.
EMA 50 periods for $ 2.40 limits upside down, while MacD lines are below zero-no bull momentum. The price just rejected the middle line of the channel, so the retailers are under control.
While on the underside, $ 2,31 acts as key support. If XRP breaks up with volume, it could go to $ 2.26 or $ 2.20. However, if the bulls defend this level and print a bull -absorbing candle above EMA, we could see recovery to $ 2.44 and $ 2.49.
Key levels:
- Resistance: $ 2,40, $ 2.44, $ 2.49
- Support: 2.31 $, $ 2.26, $ 2.20
- MACD: Bearish, apartment
- Pattern: descending channel with weakening reflections
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Contribution Prediction XRP Price: XRP creates $ 2.38 momentum because the levels of key resistors focus on traders He appeared for the first time Cryptonews.
