Ripple’s Legal Victory Sends XRP ETFs into Overdrive 🚀

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Amidst the quiet hum of the Thurgood Marshall Courthouse, the United States Court of Appeals for the Second Circuit made a decision that felt like a breath of fresh air after a long, suffocating winter. The court approved the joint stipulation of dismissal for the appeal filed by Ripple Labs and the SEC, effectively closing a chapter that had weighed heavily on the crypto world since 2020. 📜

The ripple effect (pun intended) was immediate and palpable. XRP holders and the broader crypto community erupted in celebration, as if a long-lost friend had finally returned home. The air was thick with relief and anticipation, a sentiment best captured by John E Deaton:

Goodbye case from hell!

– John E Deaton (@JohnEDeaton1) August 22, 2025

Institutional Investors React Appropriately to the Official Closure of the Ripple vs SEC Case

As the dust settled, institutional investors wasted no time in reacting to the news. Fund managers, ever the opportunists, scrambled to update their filings for spot XRP ETFs, with Graysvale Investment leading the charge. The October deadline loomed large, and the urgency was palpable. 🏃‍♂️

James Seyffart, an ETF analyst, couldn’t help but chuckle at the predictability of it all. “Bunch of XRP ETF filings being updated by issuers today. Almost certainly due to feedback from the SEC. Good sign, but also mostly expected.” It was as if the SEC had given the green light, and the floodgates had opened. 🚦

The regulatory clarity in the United States has not only bolstered Ripple’s position but has also injected new life into the XRP market. The future looked brighter than ever, and the mood was almost… poetic. 🌟

What’s Next for XRP?

With the SEC lawsuit officially closed, XRP seemed poised to embark on a journey of epic proportions. The large-cap altcoin, with a fully diluted valuation of about $308 billion, had already gained 6.9 percent in the past 24 hours, trading at around $3.08 at the time of writing. 📈

From a technical analysis perspective, XRP was forming a potential descending triangle, a pattern often associated with bullish accumulation. The next major target for XRP was set at $6.9, a level that coincided with the 1.618 daily Fibonacci extension. It was as if the stars were aligning, and the path forward was clear. 🌠

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2025-08-23 01:37