XRP Surges 15% After SEC Drops Lawsuit

The long-anticipated lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple has officially come to an end. This marks a significant milestone for cryptocurrency regulation, and the market has responded accordingly, with the price of XRP surging by over 15%.

Following this development, an initial setup has emerged that aligns with our strict entry criteria for a buy position. However, to fully capitalize on this opportunity, it is essential to follow key technical parameters.

Daily time frame analysis

XRPUSD - 1 Day Time Frame

As highlighted in our previous analyses, the movement of any publicly traded asset is influenced by both fundamental data and technical factors, such as liquidity withdrawals and the balancing of impulsive price movements.

The resolution of the Ripple vs. SEC lawsuit has undoubtedly acted as a strong bullish catalyst, reinforcing the current price development.

On the daily timeframe, the price of XRP successfully closed above a key resistance zone, fulfilling the second entry criterion. Prior to this, the price had dipped below a critical low, signaling the potential selection of Sell-Side Liquidity—allowing for the matching of a high volume of orders.

This combination of factors validates a buy entry setup, with a Stop Loss order ideally placed below the internal higher low, as indicated on the attached chart. Additionally, it is crucial to establish clear profit targets.

A strategy to consider would focus on Buy-Side Liquidity levels, with the ultimate target set at the highest price reached so far. By adhering to this structured approach, traders can effectively manage risk in a more appropriate manner while positioning for further upside potential.