BREAKING

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

XRP

XRP/USDT

$1.0937
-1.13%
24h Volume

$551,382,846.18

24h H/L

$1.1193 / $1.0868

Change: $0.0325 (2.99%)

Long/Short
77.2%
Long: 77.2%Short: 22.8%
Funding Rate

-0.0004%

Shorts pay

Data provided by COINOTAG DATALive data
Ripple
Ripple
Daily

$1.0932

-0.32%

Volume (24h): -

Resistance Levels
Resistance 3$1.2046
Resistance 2$1.1423
Resistance 1$1.0978
Price$1.0932
Support 1$1.0701
Support 2$1.0235
Support 3$0.8622
Pivot (PP):$1.104
Trend:Downtrend
RSI (14):44.2

**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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