XRP News Today: Legal Optimism Lifts XRP; Focus Turns to $3.00 Target as BTC Marks Record Weekly Close

• XRP news today: Legal optimism in Ripple-SEC case fuels talk of XRP hitting $3.00
• Bitcoin hits record weekly close (near $106.5k), setting a positive crypto market tone
• XRP needs to break $2.54 resistance for a rally; SEC meeting May 22 is critical

Bitcoin made headlines by closing its highest-ever weekly price at just under $106,500. As that happened, XRP is also drawing attention. There is growing legal optimism in the Ripple vs. SEC case. This situation is prompting discussion on whether XRP could reach $3.00 next, despite a slight pullback in its price to around $2.29, down 4.5% over the past 24 hours.

According to CoinMarketCap data, XRP’s recent 24-hour high of $2.44 signals a resistance zone. The price also lost support from the 20-day Exponential Moving Average (EMA) at $2.33.

Legal Optimism in Ripple vs. SEC Case Fuels XRP Sentiment

Many crypto market participants appear fairly certain Judge Analisa Torres will rule in favor of Ripple. This optimism continues even after Thursday’s (May 15th) rejection of the SEC’s request for an indicative settlement decision related to the case.

Related: Top Legal Expert Breaks Down Ripple-SEC Latest Se…

The post XRP News Today: Legal Optimism Lifts XRP; Focus Turns to $3.00 Target as BTC Marks Record Weekly Close appeared first on Coin Edition.