XRP's price surged to $2.19 after Ripple CEO Brad Garlinghouse publicly reaffirmed his unwavering support for the asset. In a symbolic gesture, Garlinghouse revealed an XRP-themed tattoo depicting a planet, commemorating the July 13, 2023, court ruling that provided regulatory clarity for XRP. He further stated he remains "1000% committed" to the project.
The announcement resonated instantly within the XRP community. Prominent figures highlighted the significance of this move, calling it a rare and genuine endorsement.
Digital Asset Buy, a well-known crypto influencer, emphasized that a tattoo from a high-profile executive with an MBA from Harvard signals long-term conviction—not marketing theatrics.
Key Takeaways:
- Garlinghouse announced "1000% loyalty" to XRP
- The XRP tattoo marks Ripple’s legal victory
- Community sentiment skyrocketed in response
These actions boosted morale among XRP holders and provided clarity on Ripple’s direction post-litigation.
Ripple Withdraws Appeal, Ending SEC Litigation Era
Ripple’s optimistic outlook advanced further after Garlinghouse confirmed the company would officially withdraw its cross-appeal in the longstanding SEC case. The SEC is expected to follow suit, closing a legal saga that began in 2020 over alleged unregistered sales of XRP worth $1.3 billion.
Garlinghouse tweeted: "We’re closing this chapter for good," signaling a shift toward innovation and global utility.
The court upheld a $125 million penalty for institutional sales—far below the SEC’s initial $2 billion demand—which Ripple’s chief legal officer Stuart Alderoty called a strategic win.
Implications:
- Avoids prolonged litigation
- SEC likely to drop remaining appeals
- Final penalty: $125M vs. original $2B claim
This resolution removes regulatory uncertainty, enabling Ripple to accelerate growth initiatives using XRP for cross-border payments and decentralized finance.
Technical Analysis: XRP’s Bullish Momentum
XRP broke out from a multi-week descending triangle, reclaiming momentum above $2.19. The price structure now shows higher lows supported by an ascending trendline from the June 21 low of $1.92.
The breakout was confirmed by:
- A bullish engulfing candle
- Sustained trading above the 50-period EMA ($2.15)
- Green MACD histogram with upward divergence
Resistance Levels:
$2.27 → $2.33 → $2.40
Trade Setup:
- Entry: Long above $2.20
- Targets: $2.27 / $2.336
- Stop-loss: Below $2.155
👉 Explore real-time XRP trading strategies
Bitcoin Hyper Presale Nears $1.74M Ahead of Price Hike
The Bitcoin Hyper ($HYPER) presale has raised $1,748,091.98—approaching its $1.97M target. Investors can still buy $HYPER at $0.012075 before the next price increase.
As Bitcoin’s first L2 token on Solana’s SVM, Bitcoin Hyper enables low-cost smart contracts for BTC, combining Bitcoin’s security with SVM’s scalability. Its meme appeal and utility make it a project to watch in 2025.
FAQ
Q: Why did XRP’s price surge?
A: Garlinghouse’s public commitment and legal clarity boosted investor confidence.
Q: What’s next for Ripple?
A: Focus shifts to global adoption and technological innovation post-SEC case.
Q: Is XRP a good investment now?
A: Technical indicators suggest bullish potential, but always DYOR before trading.