Victoria, Seychelles, 16 January 2025, Pakinomist

Recently, despite the pressure due to the appeal of the US Securities and Exchange Commission, XRP has shown strength and market sentiment has reached new heights. Several positive factors have driven The price of XRP to float, and analysts are bullish on its prospects, predicting a potential breakthrough of the $5 milestone. In this connection BYDFi has consistently maintained its position as the go-to trading platform for XRP investors, thanks to its robust user base and superior trade matching system.

The SEC’s appeal does not shake Ripple’s confidenceOn January 15, 2025, the SEC formally filed an appeal with the Second Circuit Court to overturn Judge Analisa Torres’ July 2023 decision. The SEC claims that the sale of XRP to retail investors qualifies as an unregistered securities offering. Using the Howey test, the SEC argues that Ripple’s promotional activities created expectations of profit and thus constitute an investment contract.

Ripple’s Chief Legal Officer Stuart Alderoty answered:

“As expected, the SEC’s appeal is a rehash of already failed arguments — and will likely be abandoned by the next administration. We will respond formally in due course. For now, you know this: The SEC’s lawsuit is just noise. A new An era of pro- innovation regulation is coming and Ripple is thriving.”

This legal battle, which has been ongoing since December 2020, remains one of the most followed developments in the crypto industry.

XRP’s technical and emotional synergy drives a bullish outlookDespite the SEC’s appeal, XRP’s market performance has remained steadfast and exhibits a strong bullish trend. Right now, XRP is priced at $3.2657, marking a 7-year high. Its 24-hour trading volume has risen to nearly $25 billion with a total market capitalization of $187.485 billion, surpassing USDT and ranking third globally among cryptocurrencies.

Technical analysis shows that XRP has broken past key resistance levels, with bulls firmly in control. In a favorable macroeconomic environment, XRP is expected to challenge the $5 target in the near term.

Global search trends and whale activity increase XRP confidenceXRP’s global search popularity has surpassed that of Google (NASDAQ: ), reflecting increased market interest. This suggests that investors may be shifting capital from Bitcoin to XRP, further fueling optimism.

Data from research firm Santiment shows a continuous increase in whale interest in XRP. Since November 12th, addresses with 1 to 10 million XRP have added 1.4 billion tokens worth over $3.8 billion. Even during price consolidations following highs in early 2024, whales maintained their accumulation behavior, signaling that XRP’s appeal to institutional and large investors is steadily increasing.

XRP’s strong performance is attributed not only to positive legal developments, but also to its expanding ecosystem. The potential approval of a XRP spot ETF is a key driver of market optimism. According to a JPMorgan report, an approved ETF could attract $4 billion to $8 billion in net new assets.

BYDFi Exchange: The Best Platform for XRP InvestorsAs XRP continues its upward trajectory, BYDFi stands out as the platform of choice for investors, thanks to its advanced technology and strong user base.

• Extensive trading options: BYDFi offers spot trading, perpetual contracts and leveraged tokens, providing users with a flexible trading environment.
• Low fees and efficient matching system: Investors highly praise BYDFi for its competitive fees and high-speed matching system.
• Trusted and Reliable: On social media and in professional communities, investors generally regard BYDFi as a stable, secure and efficient trading service, making it the ideal choice for XRP investment.

Michael, co-founder of BYDFi, stated:

“In the rapidly evolving global crypto market, we remain committed to user-centric innovation. With low fees, high liquidity, innovative trading features, adherence to global compliance standards and multi-layer security measures, BYDFi provides a world-class trading experience, helping users seize market opportunities.”

Currently, BYDFi is offering a special welcome bonus of up to 8,100 USDT to new users. Visit the official BYDFi website or download the app for more details.

About BYDFiFounded in 2020, BYDFi is ranked among Forbes’ top 10 global crypto exchanges and trusted by over 1,000,000 users worldwide. The platform supports over 600 cryptocurrencies for spot trading and offers perpetual contracts with leverage from 1x to 200x, meeting different user needs. Strategic partnerships with leading payment providers such as Banxa, Transak and Mercuryo simplify the crypto buying process and ensure low-cost transactions.

• Homepage: https://www.bydfi.com
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ContactSenior Marketing DirectorChloeBYDFi Fintech LTD[email protected]