All articles tagged with #ripple lawsuit
XRP's futures trading volume surged over 200% following the end of Ripple's lawsuit with the SEC, leading to a 10% price increase and a technical breakout suggesting a potential rise to $4.50 by October, driven by increased trader interest and positive market sentiment.
XRP has recently hit a new all-time high and, with the end of its legal battle, technological advancements, and expanding global use cases like On-Demand Liquidity, there is optimism about its potential to reach $10 in 2025, though it faces significant hurdles including market competition and token supply management.
Cathie Wood and her firm ARK Invest sold approximately $50 million worth of Coinbase stock on Friday as the cryptocurrency exchange reached its highest level this year. The sale came after Ripple Labs won a major court case against the Securities and Exchange Commission, causing a rally in cryptocurrency prices. Wood and ARK sold shares across three exchange-traded funds, with ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF all seeing reductions in their Coinbase holdings.