BREAKING

Ripple Fined $125 Million for Institutional Sales but Crypto Exchange Operations Deemed Legal

XRP

XRP/USDT

$1.1206
+4.88%
24h Volume

$1,319,860,816.00

24h H/L

$1.127 / $1.0684

Change: $0.0586 (5.48%)

Long/Short
73.9%
Long: 73.9%Short: 26.1%
Funding Rate

-0.0050%

Shorts pay

Data provided by COINOTAG DATALive data
Ripple
Ripple
Daily

$1.1209

2.51%

Volume (24h): -

Resistance Levels
Resistance 3$1.2081
Resistance 2$1.1697
Resistance 1$1.1341
Price$1.1209
Support 1$1.1125
Support 2$1.0501
Support 3$0.8986
Pivot (PP):$1.1114
Trend:Downtrend
RSI (14):25.0

**Ripple Faces $125 Million Fine for Institutional Sales, but Crypto Exchange Transactions Deemed Legal**

In a recent ruling, Ripple was fined $125 million for its institutional sales practices. Despite this significant penalty, the court has deemed Ripple’s crypto exchange transactions as legal. This development adds a complex layer to the ongoing legal battles in the crypto industry. Regulatory clarity remains a critical issue as companies navigate the laws governing digital assets. Ripple’s case underscores the fine line between institutional sales and exchange transactions, highlighting the evolving legal landscape for cryptocurrencies.

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