BREAKING

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

XRP

XRP/USDT

$1.0646
-0.16%
24h Volume

$342,269,086.83

24h H/L

$1.0712 / $1.0584

Change: $0.0128 (1.21%)

Long/Short
76.0%
Long: 76.0%Short: 24.0%
Funding Rate

+0.0015%

Longs pay

Data provided by COINOTAG DATALive data
Ripple
Ripple
Daily

$1.0632

0.12%

Volume (24h): -

Resistance Levels
Resistance 3$1.1273
Resistance 2$1.0995
Resistance 1$1.0708
Price$1.0632
Support 1$1.0556
Support 2$1.0234
Support 3$0.8622
Pivot (PP):$1.0697
Trend:Downtrend
RSI (14):41.7

**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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