Ripple has officially ended its legal battle with the U.S. Securities and Exchange Commission (SEC) by dropping its cross-appeal. This follows the SEC’s decision to withdraw its own appeal without conditions. As part of the settlement, Ripple will receive a $75 million refund from the $125 million penalty originally imposed. The SEC will retain $50 million, which was already held in escrow. Additionally, the regulator will request the court to lift a previously imposed injunction, subject to final approvals.

XRP Compliance with MiCA Regulations

The MiCA whitepaper submitted by LCX categorizes XRP as an “Other Crypto-Asset” according to Markets in Crypto-Assets Regulation (MiCA) standards. Although XRP does not need any whitepaper submission legally, the voluntary document enhances transparency and boosts investor trust in the crypto asset.

Crypto analyst EGRAG CRYPTO has outlined potential price targets for XRP, highlighting a multi-dimensional approach to investing and trading. According to the analyst, XRP’s conservative target $15, while a normal measurement projects $22. 

Source: X

The extended measurement suggests a price of $44, with a personal target set at $27. The analyst advises investors to take profits gradually instead of waiting for a peak, emphasizing that securing profits ensures financial safety.

XRP Market Performance and Price Targets

XRP is currently trading at $2.46 reflecting a 1.66% increase in the past 24 hours. Its market capitalization is $143.34 billion and a 24-hour trading volume of $2.72 billion. Analysts have outlined potential price targets for XRP with projections ranging from $15 to an extended target of $44. Investors are advised to manage their profit-taking strategies as market conditions evolve.

Source: Tradingview

The XRP price started an upward momentum in December before entering a period of consolidation between support at $1.9862 and resistance at $3.2958. When XRP reached near its resistance level it pulled back before establishing trading patterns close to support zones while showing decreased trading movement. The data shows initial high trading volume during the rally phase but the numbers dropped as the period progressed.

Source: Coinglass

Between late September and mid-November, the XRP futures open interest showed no dramatic variations as it maintained steady levels alongside the XRP price movement. XRP experienced a major price surge alongside open interest expansion in late November. The price increase maintained its momentum through early February as it achieved maximum values before showing signs of price corrections. The open interest and price continue to sustain higher levels compared to previous periods, demonstrating ongoing trader involvement and XRP futures market activity.