XRP nail encryption analyst at the end of the rippal and SEC

XRP nail encryption analyst at the end of the rippal and SEC Originally Thestreet.

Ali Martinez, who goes to the @ali_charts handle on X, is one of the most popular encryption analysts who often calls price predictions. as Ripples The case recently reached its end, and signed it on XrpThe price has been achieved.

On August 7, analyst subscriber XRP price analysis scheme at 12:32 pm EST. XRP showed the formation of a similar triangular style consisting of close direction lines. While the waiver of the upper resistance appears, the climb shows support. The style reflects the unification period where the price is pressed, followed by an outbreak.

XRP will target $ 3.34 after leaving the triangle, as Martinez predicts.

After that, sudden news appeared at 5:16 pm EST on August 7 that the legal issue involved the Securities and Stock Exchange Committee (SEC) and Ripple Labs, the company associated with XRP Cryptocurrency,, Finally finished.

Development had a very positive impact on the XRP price track. The cryptocurrency increased to a trading of up to $ 3.37 after the announcement.

Join the discussion with Cryptowendyo On the round table here.

The next day, Martinez did not forget Remember his followers On X it is the prediction.

Regarding XRP, its organizational status in the United States is closely related to the outcome of the legal battle that started to return in December 2020.

Currently, the court ruling is still from July 2023 that the classification of XRP as non -security when it is sold via the software sale of retail traders in the exchange of encryption, but has eliminated that the sale of XRP institutional violations of US Securities Laws.

The case of encryption, such as XRP in the United States, was a competition for years. Clarity can now have a long way to make the prevailing cryptocurrencies.

XRP was traded at $ 3.28 at the time of the press, 14 % lower than the 3.84 record, which amounted to January 4, 2018.

XRP nail encryption analyst at the end of the rippal and SEC He appeared for the first time on Thestreet on August 9, 2025

This story was originally reported Thestreet On August 9, 2025, where it first appeared.