The long-running Ripple vs. SEC lawsuit over the status of XRP has officially and formally concluded The news has unlocked a massive 7-year technical breakout and paves the way for spot XRP ETF filings The end of the case is seen as a major victory for Ripple and a landmark moment for the crypto industry The XRP market is surging after the formal closure of the Ripple Labs vs. SEC lawsuit. The altcoin, which has a fully diluted valuation of about $305 billion, jumped over 6% in the past 24 hours to trade near $3.08 on Saturday. While the wider crypto market was digesting Fed Chair Jerome Powell’s latest speech , the news of the lawsuit’s closure provides a long-lasting and overwhelmingly positive catalyst for XRP. The legal battle, which began in late 2020, is the primary reason XRP failed to reach a new all-time high during the 2021 bull run. Now, with the case officially in the rearview mirror, the asset has already rallied to a new peak of about $3.65 this year. XRP Price Prepares for Massive Bullish Breakout From a technical perspective, XRP appears ready for a major rally. The weekly chart shows the token has recently broken out of a massive … The post XRP Bulls Get a Shield (Legal Clarity) and a Sword (ETFs) appeared first on Coin Edition .