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

XRP

XRP/USDT

$1.455

+3.23%

$1.455

+3.23%

(24s)

24h Volume

$2,431,226,288.85

24h H/L

$1.4703 / $1.4052

Change: $0.0651 (4.63%)

Long/Short

70.2%

Long: 70.2%Short: 29.8%

Funding Rate

-0.0145%

Shorts pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.4639

▲ 2.87%

Volume (24h): -

Resistance Levels

Resistance 3$1.8487

Resistance 2$1.6763

Resistance 1$1.487

Price$1.4639

Support 1$1.3865

Support 2$1.2841

Support 3$1.1172

Pivot (PP):$1.448

Trend:Downtrend

RSI (14):36.8

**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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