Technical Analysis
XRPUSDT have big potential to buy to $2. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyers is weakening.
Fundamental Analysis
District Judge Analisa Torres, of the Southern District of New York, imposed the fine after finding that 1,278 institutional sale transactions by Ripple violated securities law, leading to the fine. The $125.035 million fine is well below the $1 billion in disgorgement and prejudgment interest and $900 million in civil penalties the SEC sought.
Wednesday's order on remedies follows the judge's July 2023 ruling in the case itself, finding that Ripple violated federal securities laws through its direct sale of XRP to institutional clients, though she also ruled that Ripple's programmatic sales of XRP to retail clients through exchanges did not violate any securities laws.
The SEC tried unsuccessfully to appeal that portion of the ruling while the case was ongoing.