Date: Thursday, August 08, 2024, 05:02 AM GMTAfter nearly four years of battling the United States Securities and Exchange Commission (SEC), Ripple Labs has finally <a href="https://www.dropbox.com/scl/fi/pwxls6airyismi2f3nuqu/SEC-v.-Ripple-Order-of-Motion-for-Remedies.pdf?rlkey&#61;txtz0kc5b7yh0zjksy31m5wf9&amp;e&#61;1&amp;dl&#61;0" rel="noopener noreferrer nofollow">received </a>clarity from the court regarding XRP sales. On Wednesday, US District Judge Analisa Torres ruled on the SEC&#39;s motion for remedies and the entry for final judgment, granting and denying parts of it. Ripple was slapped with a $125 million civil penalty and ordered to stop further violations of securities laws.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/62b4bf2534c8488e9a9765c1a384c0e4.jpeg" /><h3 id="xrp-price-surges">XRP Price Surges</h3>Following the favorable ruling, XRP&#39;s price surged by over 17.06% in the past 24 hours, now trading at about $0.6062. The market cap also jumped 16.86% to reach $33 billion, with trading volume skyrocketing by over 200% in the last 24 hours, according to Coinmarketcap.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7600ee97dc11410ab26a1f5cb01c1fc2.png" />Source: <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">Coinmarketcap</a><h3 id="analyst-makes-bold-price-prediction">Analyst Makes Bold Price Prediction</h3>Elite trader, analyst and the XRP investor &#34;Doctor Profit&#34; shared some b<a href="https://x.com/DrProfitCrypto/status/1821325681847927294" rel="noopener noreferrer nofollow">old predictions</a> on his X account after the news. He called XRP a &#34;masterpiece for the long term,&#34; noting that the diagonal resistance from 2017 has been a significant barrier, rejecting XRP six times since then. However, he pointed out that the chart mirrors 2017, right before a massive 60,000% breakout.<blockquote>— Doctor Profit &#x1f1e8;&#x1f1ed; (&#64;DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1821325681847927294?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">August 7, 2024</a><a href="https://twitter.com/search?q&#61;%24XRP&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> - The Big Report:Everyone who knows me understands that I&#39;m a major investor in XRP. This report is going to lay out the facts and show you exactly where we’re heading next.XRP is a masterpiece for the long term. If you’re thinking of making a quick buck with day trading… <a href="https://t.co/w6ww9uSE6v" rel="noopener noreferrer nofollow">pic.twitter.com/w6ww9uSE6v</a></blockquote>Dr Profit highlighted that resistance is at $0.72 and breaking through it, especially with the recent news, is a very bullish scenario. Even if XRP gets rejected at $0.72 again, he believes the breakout is inevitable, expecting targets way above $1 by Q1 2025. If XRP follows its 2017 pattern, it could potentially reach a top of $16!<h3 id="dr-profit-39-s-xrp-price-targets">Dr Profit&#39;s XRP Price Targets</h3><ul><li>Best case: $16 - $20</li><li>Worst case: $4 - $7</li><li>Timeframe: 1 year from today</li></ul>However, it&#39;s crucial to remember that the market is highly volatile, and past performance is not indicative of future results.Disclaimer: This information is intended for informational purposes only and should not be considered financial advice.

Ripple vs SEC Lawsuit Ends: Analyst Makes Bold Price Prediction

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