XRP News Today: SEC vs. Ripple (XRP)

Ripple (XRP)’s ongoing battle with the Securities and Exchange Commission (SEC) has taken a new turn, sparking speculation about the agency’s plans to appeal Judge Torres’ ruling.

Recently, XRP rose above $2.50, showing resilience despite market uncertainty. It could reach $3 in 2025 if the legal situation is resolved favorably.

Meanwhile, projects like PLUTO ($PLUTO) It could come as a promising solution to the ongoing Bitcoin transaction challenges.

By leveraging advanced technology, it has the potential to enhance Bitcoin’s scalability and simplify its operations, which may enhance the network’s efficiency and adaptability.

Let’s check out the deets.

Ripple (XRP) faces new development from SEC as price targets $2 to $3 by 2025

Ripple (XRP)’s ongoing legal tussle with the Securities and Exchange Commission (SEC) has reached a pivotal point with speculation growing over whether the agency will appeal Judge Torres’ partial ruling.

This uncertainty has not hampered XRP’s recent performance – the token is currently trading at $2.67, representing a 12% increase in the past week.

Technical analysis indicates that XRP has established strong support around the $2.50 level, supported by the 100-day and 200-day moving averages.

Immediate resistance has been set at $2.70, a limit that was previously challenging the bullish momentum. A successful breakout of this resistance could pave the way for further gains, while failure to do so could result in a bounce towards the $2.50 support area.

Cryptographic analyzer Levi Rietveld One site made a startling comparison between XRP and Bitcoin, describing it as a “supercharged” version of the leading cryptocurrency.

He believes that XRP has the potential to achieve unprecedented heights, and even suggests a future value of $10,000 per token, highlighting the optimism surrounding its long-term prospects.

On the other hand, XBT Liquidator He points out that while many are setting very ambitious price targets for XRP, a more realistic projection lies in the specific patterns of high-timeframe Gann fans.

According to their analysis, XRP could reach a target range between $27 and $30, following the typical cycle of reaching the top and bottom of fans.

Could PlutoChain be the solution to expanding Bitcoin’s capabilities through smart contracts?

PLUTO ($PLUTO) The Bitcoin company is bringing something new to the table with its Layer-2 solution, which can transform Bitcoin’s blockchain by adding support for smart contracts and decentralized applications (dApps).

Bitcoin’s 10-minute block time has prevented the adoption of more complex features. Unlike faster blockchains like Ethereum or Solana, Bitcoin’s slower transaction speeds make it less suitable for advanced use cases.

but Plutochin This can be changed by offering transaction speeds as fast as 2 seconds.

If PlutoChain delivers on its promise, it could allow developers to take advantage of the robust and secure Bitcoin network while still building decentralized applications without performance trade-offs. This could position Bitcoin as a more dynamic force.

The project’s testnet is already handling more than 43,200 transactions per day, which is a good sign of that Plutochin Scalable and ready for wider adoption.

Another attractive part of Plutochin he Community governance. This system gives users a voice in protocol updates, ensuring that the network remains decentralized and compatible with the needs of the community.

PlutoChain has also passed audits from powerful companies such as SolidProof, QuillAuditsand I emphasize DeFi.

Integration with Ethereum Virtual Machine (EVM) It is also worth noting. By combining the unparalleled security of Bitcoin with the flexibility of Ethereum, PlutoChain may open the door to new possibilities in decentralized finance (DeFi), NFTs, and even artificial intelligence.

Bottom line

Plutochin It could serve as a major upgrade for Bitcoin, with its solutions to the network’s ongoing scalability issues.

With smart contracts and the potential for increased transaction speeds, it could push Bitcoin’s functionality to new heights.

It could make Bitcoin more flexible and open the door to a wider range of applications for a secure blockchain.

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Please keep in mind that this article is not financial advice. All cryptocurrency tokens are volatile, and trading involves risk. Always do your own research and consult a qualified expert before joining any cryptocurrency project. The mention of any tokens in this article does not guarantee future performance. Data relating to the future carries risks and is not guaranteed to be up to date.