Brad Garlinghouse "Goes Big" With XRP Tattoo – Community Goes Wild, Price Rises

XRP has surged to $2.19 after Ripple CEO Brad Garlinghouse publicly expressed his unwavering support for the asset. In an iconic move, Garlinghouse revealed an XRP-themed tattoo featuring a planet design, commemorating the court ruling on July 13, 2023, which brought legal clarity to XRP. Along with the reveal, he stated that he is "1000% committed" to the project.

The post immediately received sympathy from the XRP community. Influential figures acknowledged the impact of this gesture, calling it a rare and authentic endorsement. Digital Asset Buy, a well-known figure in the cryptocurrency space, emphasized that a senior executive with an MBA from Harvard tattooed a representation of long-term belief rather than a marketing gimmick. Garlinghouse declared loyalty "1,000%" to XRP. Tattoo of XRP marks a legal victory milestone. Community sentiment surged in response. These actions have helped uplift the spirits of XRP holders and sent a clear message about Ripple's direction as it emerges from the legal battle. Ripple Withdraws Appeal, Ending SEC's Litigation Era Ripple's optimistic story continues to attract attention after Garlinghouse confirmed that the company will officially withdraw its cross-appeal in the lengthy lawsuit with the U.S. Securities and Exchange Commission (SEC). The SEC is also expected to do the same. This development concludes a lawsuit that began in 2020 related to the sale of unregistered XRP worth $1.3 billion. Garlinghouse wrote, "We will close this chapter once and for all," signaling a shift in focus towards global innovation and utility. The court upheld the fine of 125 million dollars for the organization's transactions, significantly less than the SEC's initial demand of 2 billion dollars, which Ripple's legal director, Stuart Alderoty, called a strategic victory. Ripple avoids the next lawsuits. The SEC may cancel the remaining appeal. Final penalty: 125 million dollars compared to the initial demand of 2 billion dollars. This resolution eliminates legal instability and guides Ripple to accelerate growth initiatives by using XRP as a utility token in cross-border payments and decentralized finance. Technical Outlook of XRP Signals Momentum Reversal Technically, XRP has broken out of the descending triangle that has lasted for several weeks, regaining upward momentum above $2.19. The current price structure is characterized by a series of higher lows supported by an uptrend line from the low on June 21 near $1.92.

The breakthrough has been confirmed by a bullish engulfing candle and continuous trading above the 50-period EMA at $2.15. The MACD chart is turning green with diverging lines pointing upwards, often an early sign that the bullish momentum is strengthening. XRP is currently heading towards resistance levels at $2.27, $2.33, and $2.40. Set up transaction: Entry: Buy at a price above $2.20Target 1: $2.27Target 2: $2.336Stop loss: Below $2.155 XRP is technically still stable in the $2.15 range. Traders are watching for a move towards $3.50 and will monitor the continuation above $2.40 with volume confirmation.