- Ripple rallied above key psychological resistance at $0.6000 early on Thursday.
- Bitcoin and Ethereum struggled under key support levels.
- SEC lawsuit ends with Judge slashing down fine from $2 billion to $125 million, marking a victory for.
- XRP retail investors accumulated over 10 million tokens shed by whales in the price rally on August 7.
- XRP could extend gains by over 20% and hit the November 2023 high of $0.7500.
Bitcoin, Ethereum, XRP update
- Ripple (XRP) rallied past key psychological resistance at $0.60, while Bitcoin and Ethereum struggled at key support levels. XRP could extend gains by nearly 20% in response to the Securities & Exchange Commission (SEC) lawsuit ruling.
- The long-drawn legal battle with the SEC came to an end on August 7 when Judge Analisa Torres ruled on the issue of a fine to be imposed on Ripple for violation of securities laws.
