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

XRP

XRP/USDT

$2.1798

-4.25%

$2.1798

-4.25%

(24s)

24h Volume

$2,869,957,769.22

24h H/L

$2.3205 / $2.171

Change: $0.1495 (6.89%)

Long/Short

73.0%

Long: 73.0%Short: 27.0%

Funding Rate

+0.0064%

Longs pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$2.182

▼ -5.30%

Volume (24h): -

Resistance Levels

Resistance 3$2.4172

Resistance 2$2.3042

Resistance 1$2.2275

Price$2.182

Support 1$2.177

Support 2$2.0721

Support 3$1.9605

Pivot (PP):$2.2245

Trend:Uptrend

RSI (14):60.2

**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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