Date: May 19, 2025 | Source: DailyForex.pk – Your Trusted Hub for Crypto News
🔎 Key Highlights:
- XRP Surges 3.18% as Ripple’s legal case shows signs of resolution and ETF optimism intensifies.
- Judge Torres Rejects SEC’s Request, adding procedural complexity but not shaking market confidence.
- Bitcoin Breaks $107K, rallying on legislative momentum from the upcoming GENIUS Act vote.
⚖️ XRP vs. SEC: Legal Clarity Fuels Market Surge
XRP rallied 3.18% on Sunday, May 18, rebounding from recent losses to close at $2.4292. The price jump followed renewed optimism in Ripple’s battle with the SEC, even after Judge Analisa Torres rejected the SEC’s bid for an indicative ruling.
Ripple’s Chief Legal Officer Stuart Alderoty labeled the decision as procedural, but pro-crypto legal experts are divided on whether the ruling could delay or derail a final settlement. Key discussions are expected during the upcoming SEC closed-door meeting on Thursday, May 22, where Ripple’s case may take center stage.
📈 XRP-Spot ETF Buzz Builds Ahead of Key Deadlines
Multiple ETF issuers—including Bitwise, WisdomTree, and Grayscale—are approaching critical review deadlines this week. Optimism remains high, with Polymarket data showing XRP-spot ETF approval odds jumping to 83%, up from 80% just days earlier.
This optimism aligns with the June 17 court date where Ripple and the SEC must report on the settlement status. A favorable resolution could fast-track XRP ETF approvals and spark another leg up in XRP price action.
🔮 XRP Price Forecast – Eyes on $3.00 and Beyond
Technical analysis indicates strong bullish momentum:
- Support Zone: $2.30
- Resistance Targets: $2.6553 (May high), followed by the psychological level at $3.00
- Bullish Breakout Trigger: A daily close above $2.66 could pave the way toward testing all-time highs near $3.55
📊 Market Trend: Bullish continuation likely if legal updates remain favorable.
🏛️ Bitcoin (BTC) Surges to $107K on Crypto Bill Momentum
Bitcoin joined the altcoin rally with a 3.14% gain, closing at $106,479—the highest level in four months. The crypto market is buzzing ahead of the GENIUS Act vote on May 19, which could mark a turning point for stablecoin regulation and broader crypto policy in the U.S.
Adding to the excitement, Senator Cynthia Lummis has reintroduced the Bitcoin Act, proposing a U.S. government acquisition of one million BTC over the next five years. The bill’s long-term impact could significantly reduce available BTC supply.
💡 Bitcoin Price Outlook – Can BTC Hit New Highs?
- Current Support: $90,000
- Immediate Resistance: Previous all-time high at $109,312
- Bullish Scenario: Passage of the GENIUS Act, inflows into BTC ETFs, and geopolitical stability
- Bearish Scenario: Rising trade tensions, legislative delays, and risk-off sentiment
📈 Market Trend: Institutional interest and legislative clarity position BTC for potential breakout beyond $110K.
📰 Final Thoughts
Both XRP and Bitcoin are at critical inflection points. XRP’s legal progress and ETF buzz are creating upward momentum, while Bitcoin benefits from macro tailwinds and policy breakthroughs.
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📉 Market Summary – May 19, 2025
| Asset | Price Change | Closing Price | Key Support | Key Resistance | Trend |
|---|---|---|---|---|---|
| XRP | +3.18% | $2.4292 | $2.30 | $3.00 | Bullish |
| Bitcoin (BTC) | +3.14% | $106,479 | $90,000 | $109,312 | Bullish Breakout |
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