XRP Price Sees Consolidation After Legal Overhang Eases

XRP’s price continues to consolidate after the legal uncertainty surrounding the SEC lawsuit against Ripple has been resolved. The recent settlement, which includes a $125 million fine and confirmation of XRP’s status as not a security on public exchanges, is creating a more favorable environment for institutional investment and liquidity flow. This follows last week’s regulatory clarity that impacted market sentiment positively. 24-hour price movements remain largely unchanged, hovering near the $2.80 mark. While the immediate outlook remains uncertain, analysts are closely watching key indicators such as funding rates and open interest to gauge future direction. A decisive break above the $3.10-$3.15 resistance level could signal a potential uptrend. However, sustained falls below the crucial support zone near the $2.80 mark may spark further selling pressure.