The XRP price experienced a significant decline on Thursday following new developments in the ongoing legal dispute between Ripple Labs and the US Securities and Exchange Commission (SEC). Judge Analisa Torres’ decision to deny the joint motion from Ripple and the SEC for an indicative ruling halted the XRP price recovery as it aimed to breach the nearest resistance level at $2.23. Key Issues Unresolved For Ripple Despite the SEC dropping its appeal, which indicated that the primary legal conflict between the two parties may be reaching a conclusion, Judge Torres’ ruling highlighted that several procedural matters still require resolution, including necessary court approvals. In her judgment, she made it clear that private agreements cannot supersede public court decisions, stating, “The parties do not have the authority to agree not to be bound by a court’s final judgment… They have not come close to doing so here.” Related Reading: XRP Gears Up For Major Move — Chart Signals Are Clear In response to the ruling, Ripple’s Chief Legal Officer, Stuart Alderoty, took to social media platform X (formerly Twitter) to convey that the situation is now back in Ripple’s hands. The executive pointed out that the court has given them two options: either to dismiss their appeal regarding the historic institutional sales or to continue with the appeal. Regardless of the path chosen, Alderoty emphasized that XRP’s legal status as a non-security remains intact, reassuring stakeholders that it is business as usual. Expert Reactions To Torres’ Decision Legal expert Fred Rispoli also weighed in on the implications of the injunction, stating that it would not impact XRP in secondary markets or affect potential exchange-traded fund (ETF) filings awaiting approval by the SEC. He noted that the injunction is merely a court document and emphasized the low likelihood of Judge Torres calling Ripple and the SEC back into court unless the SEC believes Ripple is violating the terms of the injunction. Rispoli further questioned whether the SEC has the authority to grant Ripple the necessary exemptions to alleviate any restrictions imposed by the injunction, suggesting that such actions fall within the SEC’s executive powers. Ripple has asserted that it has adjusted its operations to align with the court’s findings, particularly regarding its past sales to institutional investors. Related Reading: Is The Bitcoin Top In? Bitcoin MVRV-Score Has The Answer Alderoty’s use of the term “historic institutional sales” in his recent statement indicates a shift in how both parties might approach future transactions, signaling a potential settlement that would allow XRP sales to institutions in a manner acceptable to the SEC. XRP Price Could Reach $5 Despite this temporary setback, market analysts remain optimistic about XRP’s future. Crypto analyst CryptoBullet recently noted that XRP’s two-week price chart resembles patterns seen in 2017, including a significant accumulation phase and a potential breakout. With this historical context in mind, the expert predicts a final surge in the XRP price, forecasting new all-time high targets between $4.50 and $5.40 for the cryptocurrency. As of press time, the XRP price has retreated to the $2.08 mark, which is a key support level for bulls anticipating further recovery of the token. In the last 24 hours, XRP has dropped 4.4%, and 10% in the last month. According to CoinGecko data, the XRP price remains 38% below its record high of $3.40. Featured image from DALL-E, chart from TradingView.com
Ripple’s bid to wrap up its long‑running fight with the US Securities and Exchange Commission hit a snag on May 15. A federal judge in New York tossed out the deal because it was filed the wrong way. This hiccup doesn’t change past rulings, but it does force both sides back to the drawing board. Related Reading: Ticking Clock To $200K: Bitwise CIO Predicts Bitcoin’s Price Explosion Court Blocks Settlement Motion According to court papers, Judge Analisa Torres ruled that Ripple and the SEC used the wrong rule to ask for a change. They tried to dissolve an injunction and chop a $125 million fine down to $50 million. But under Rule 60, you need to prove “exceptional circumstances” when you’re asking to revisit a final order. Without that proof, the judge said the motion was “procedurally improper” and tossed it. Nothing in today’s order changes Ripple’s wins (i.e. XRP is not a security, etc). This is about procedural concerns with the dismissal of Ripple’s cross-appeal. Ripple and the SEC are fully in agreement to resolve this case and will revisit this issue with the Court, together. https://t.co/vBQdBD3FNe — Stuart Alderoty (@s_alderoty) May 15, 2025 Source: US District Court Southern District NY/SEC. Parties Must Refile Under Rule 60 Based on reports from attorney James Filan on X, Ripple and the SEC agreed on the deal back on May 8. They even filed papers together. Yet, they skipped the part about showing why they should get a do‑over. Now, both sides have to write up a new motion. Fred Rispoli, another lawyer, said they’ll have to “do it the hard, messy way” by following the rule book. That means spelling out why a final court decision needs a second look. Market Reacts With Price Drop When word got out, XRP took a hit. The price slid about 2.5% in a single day. Open interest also fell by 9% to $4.90 billion, according to CoinGlass data. Long positions worth over $21 million were wiped out as traders scrambled to cut losses. Short‑term traders are watching a key support level at $2.35. If that line holds, we might see a bounce. If it breaks, prices could dip even further. XRP price down in the last 24 hours. Source: Coingecko Legal Wins Remain Intact Ripple’s chief legal officer, Stuart Alderoty, reminded everyone that past victories are safe. In 2023, a judge ruled that XRP wasn’t a security in programmatic sales. Institutional sales still count as securities, but retail sales were cleared. Alderoty said on X that this recent setback is just about “procedural concerns with the dismissal of Ripple’s cross‑appeal.” He made it clear that nothing in that ruling takes away what Ripple already won. Related Reading: Dogecoin’s $1 Dream: Analyst Reveals When It Could Finally Happen Next Steps For Ripple And SEC Now, both sides face a longer road ahead. They’ll need to gather evidence for a new Rule 60 motion. That could push any final settlement into late summer or beyond. Until then, traders will keep their eyes on court calendars and price charts. Featured image from Bankless Times, chart from TradingView
After more than four years, the US Securities and Exchange Commission is discontinuing its proceedings against Ripple in the XRP lawsuit. The announcement by CEO Brad Garlinghouse on X—stating “This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build”—has generated waves of optimism among XRP supporters. Although attorney Jeremy Hogan noted that Ripple can still take a range of actions, the consensus among market participants is that this development dispels a massive victory for Ripple. Hogan remarked that it is still unclear if Ripple agrees to drop the appeal. He added that there are 4 possibilities left: a. Ripple continues its appeal, and we get a ruling from an appellate court on whether investment contracts require contracts, etc.. b. Ripple agrees to drop its appeal, jurisdiction returns to the trial court, and the parties attempt to amend the judgment. c. Ripple agrees to drop its appeal, and the parties enter into an agreement between them without trying to amend the judgment. d. Ripple just pays the $125mil and moves on. How High Can XRP Go? Against this backdrop, crypto analyst Dark Defender (@DefendDark) has shared an updated daily XRP/USD chart. According to it, XRP broke above a descending trend line that extends across several weeks of trading activity following the announcement. Related Reading: XRP Coils For A Breakout, But Key Resistance Still Stalls The Rally The breakthrough near the $2.47 area, has been circled in green and labeled as “A Clear Break-Out” by Dark Defender, suggesting that market participants are no longer confined by the downward trajectory that characterized much of the previous price action. The chart also outlines a Elliott Wave count aligned precisely with Fibonacci retracement and extension levels. The chart illustrates a completed corrective phase and the early development of a new impulsive wave structure, supported by the decisive breakout from a long-standing descending trendline. According to the analysis, Wave (1) initiated from the local low of $1.79 and peaked around $2.55, marking the first bullish impulse. This was followed by Wave (2), which retraced into the Fibonacci support zone. The retracement respected the 61.80% level at $2.3073 and approached the 70.20% level at $2.2249, indicating a technically sound corrective wave within the Elliott framework. These levels provided a strong foundation for buyers, preventing further downside and signaling the potential completion of Wave (2). Related Reading: Here’s How High The XRP Price Would Be If It Flips Ethereum’s Market Cap Following the corrective phase, the chart projects the start of Wave (3), traditionally the strongest in Elliott Wave theory. Fibonacci extension levels are plotted to define the likely targets for this wave. The 161.80% extension aligns at $3.94, serving as a critical target zone for Wave (3). Additionally, the 261.80% extension near $3.78 further supports this zone as a potential area where bullish momentum might face resistance or temporary consolidation. However, Dark Defender predicts that XRP could rise even higher into the $4.50 region. Upon completion of Wave (3), the chart suggests a corrective Wave (4), which is expected to respect the broader uptrend and drop into the $3.78 to $3.94 region. Subsequently, the final impulsive Wave (5) is projected to extend upon the 361.80% Fibonacci level at $4.9274. This marks a potential high within the current Elliott Wave cycle by the analyst, with the possibility of a surge above $6, where the wave structure could culminate. At press time, XRP traded at $2.55. Featured image created with DALL.E, chart from TradingView.com
The US Securities and Exchange Commission (SEC) has officially acknowledged the receipt of Grayscale Investments’ 19b-4 filing to convert its XRP Trust into a spot exchange-traded fund (ETF). The agency’s confirmation—disclosed by Bloomberg ETF analyst James Seyffart on 14th February—signals the start of the formal review process that could ultimately decide whether the product is cleared for public listing. James Seyffart, who reported the news via his X account, stated: “There it is — The SEC just acknowledged Grayscale & NYSE’s 19b-4 filing to list an XRP ETF (this was mostly expected but officially means the clock will start soon for this and Dogecoin).” Why This Is An ‘Enormous Message’ For Ripple The SEC’s acknowledgment kicks off a regulatory timetable, opening a window for public commentary and multiple rounds of decision-making. The agency is expected to follow this step-by-step procedure to either approve, reject, or request additional information concerning the proposed XRP ETF. Related Reading: Pundit Sounds Major Crash Alarm For XRP Price As ’12-Year Cycle’ Comes To An End Although formal acknowledgment does not guarantee an approval further down the line, it underscores that the SEC is sufficiently engaged to put the filing on the official docket. Nate Geraci, President of the ETF Store and Co-Founder of the ETF Institute, underlined the significance of this action in the context of the SEC’s ongoing legal dispute with Ripple. He remarked: “SEC has acknowledged NYSE’s 19b-4 filing to list & trade Grayscale XRP ETF… Obviously a potentially huge statement re: SEC’s case vs Ripple.” Geraci further elaborated on what he perceives as a remarkable development: “Shocked more people aren’t talking about SEC accepting XRP ETF filing… They have open litigation w/ Ripple. Meanwhile, they just acknowledged filing of ETF holding asset in dispute (they easily could have rejected this filing). Enormous message IMO.” Related Reading: Massive XRP Accumulation – Whales Bought 520 Million XRP During Market Dip These statements highlight how the SEC’s willingness to initiate the review process—rather than dismissing it outright—could indicate the SEC’s openness to settle or drop the Ripple case which is currently at the Court of Appeals. Fox Business journalist Eleanor Terrett provided additional context on why the acknowledgment alone is noteworthy: “Because it means this SEC is being more open-minded and not flat out refusing to consider these products. Recall, exchanges pulled the SOL 19b-4 applications in December when the Gensler SEC signaled it would not engage with them. […] Next up, the SEC should acknowledge the XRP ETF applications from issuers that filed later than Grayscale — including Bitwise, 21Shares, Canary Funds, Wisdom Tree. The 240-day window for Grayscale’s approval starts when it gets posted to the federal register which should be in a couple of days from now.” Following the announcement, XRP’s price rose by over 5% in a relatively muted overall market. However, technical analysis of the XRP/USDT 4-hour chart indicates that as of press time, the token failed to break through a major resistance level. The rejection occurred at the 0.5 Fibonacci retracement (Fib) around $2.58. If buyers manage to push XRP above this threshold, the next critical resistance is near $2.77 (the 0.618 Fib). A sustained rally beyond that point could see the token retest its January 25 high at $3.40. Featured image created with DALL.E, chart from TradingView.com
In an interview with FOX Business on Tuesday, former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, a leading contender for the role of White House “crypto czar” in the second Trump administration, expressed his belief that the Securities and Exchange Commission (SEC) will drop its case against Ripple Labs. Giancarlo, known in the industry […]
Ripple is the cryptocurrency organisation which has suffered the most during the Biden administration. It recently entered into a fierce legal battle against the US Securities and Exchange Commission, challenging the regulator’s decision to appeal a US court judgement supporting the company’s argument that XRP is not a security. Interestingly, ending speculation regarding a high-level …
With Donald Trump’s recent victory in the 2024 U.S. presidential election, crypto supporters are hopeful for a turnaround in Ripple’s legal battle with the SEC. Legal experts like Attorney Jeremy Hogan recently shared his thoughts on what could happen next year with Ripple’s legal fight against the SEC and similar cases involving companies like Coinbase. …
In the wake of Donald Trump’s victory in the US presidential election, crypto industry giants like Ripple and Coinbase are anticipating significant regulatory shifts. Trump has expressed a pro-crypto stance and has indicated his intention to replace Securities and Exchange Commission (SEC) Chair Gary Gensler “on day one” of his administration. This move could lead […]
The United States Court of Appeals for the Second Circuit has issued an order in the XRP lawsuit between the Securities and Exchange Commission (SEC) and Ripple Labs, Inc. The court has mandated that the SEC must file its appellate brief by January 15, 2025, setting a firm deadline. Ripple Case Update: New SEC Filing […]
Ripple vs. SEC is heating up, and you know what? XRP isn’t backing down. Court drama just adds fuel to the crypto fire and proves the network’s worth fighting for. In a recent post, crypto attorney Bill Morgan highlighted his skepticism regarding the SEC’s approach to regulating XRP, joking that the agency might stretch its …
Ripple vs SEC is moving in circles with no end in sight, Legal expert Fred Rispoli has explained that Ripple’s appeal in the SEC case will focus heavily on paperwork, not new evidence or a trial. Each side will file written briefs—an opening statement, an opposition, and a reply. After these are filed, they’ll present …
On Thursday, October 24, Ripple Labs filed the Civil Appeal Pre-Argument Statement, known as Form C, in its case with the US Securities and Exchange Commission (SEC). This document outlines the critical issues the company intends to present on appeal, each subject to a de novo standard of review, meaning the appellate court will re-examine […]
In a turn of events, an update dropped a bombshell on XRP lovers. We recently reported that there is a confusion going among the community regarding the deadline for the SEC to file the Form-C. Even attorney Jeremy Hogan was unsure when the due date was. Let’s uncover what new update came to light. Due …
In a significant development in the ongoing litigation between Ripple Labs and the US Securities and Exchange Commission (SEC), Ripple announced the filing of a cross-appeal against the regulator. This move follows the SEC’s recent appeal of a 2023 ruling by Judge Analisa Torres, which determined that the XRP token, sold by Ripple on public […]
On Wednesday, October 2, the United States Securities and Exchange Commission (SEC) took a formal step in extending the XRP lawsuit with Ripple by filing a Notice of Appeal of Judge Torres’s ruling. This move came on the heels of the final judgment by the US District Court, Southern District of New York on August […]
Pro-XRP attorney Fred Rispoli, founder of HODL Law, continues to assess the likelihood of an SEC appeal as higher than the probability of the agency letting the case conclude without further action. Following the US District Court for the Southern District of New York’s final judgment on August 7, 2024, the SEC now has less […]
With only 8 days left for the SEC to appeal against court ruling regarding the Ripple case, community heart beat is rising. People are divided into two segments. One who thinks the SEC will not file the appeal while the other believes the SEC will apply it at the last moment to extend the time. …
Eighty-eight corporate leaders have joined forces in a letter endorsing US Vice President Kamala Harris’ presidential campaign. Chris Larsen, Ripple’s co-founder and executive chairman, was among the signers of the “strategic” letter to support the Democratic nominee. The significant endorsement comes just a day after Russian President Vladimir Putin revealed his support for Harris. Related […]
Fred Rispoli, a pro-XRP lawyer and the founder of HODL Law, has adjusted the likelihood of an SEC appeal in the case against Ripple to 60%. This comes after a new legal development where Ripple and the SEC agreed to secure 111% of a monetary judgment in an escrow, a move suggesting an anticipation of […]
Pro-XRP lawyer Bill Morgan has updated his assessment for the likelihood of a SEC appeal in the Ripple case. His reassessment follows closely on the heels of the ruling in the SEC’s case against Kraken, where US District Judge William H. Orrick III made a decision that might have significant implications for the SEC’s ongoing […]
In a long-awaited conclusion to their high-profile legal clash, Ripple Labs and the US Securities and Exchange Commission (SEC) have reached a settlement that will see the blockchain company pay $125 million in civil penalties. Related Reading: Bitcoin Eyes New Records: Staying Above $45,000 Might Be The Catalyst — CEO Ripple-SEC Legal Saga Ends According […]
As the XRP lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) inches closer to a ruling on remedies – the final ruling on district court level – the crypto community is abuzz with speculation about the potential repercussions for the XRP price. Notably, Rachelle Renee, a popular crypto pundit, has voiced a dissenting perspective via X, arguing that the forthcoming Ripple-SEC ruling will not significantly impact the price of XRP, contrary to the expectations of many investors. How Will The XRP Price React? Renee’s analysis starts with a sobering view on the nature of the legal resolution itself, which will penalize Ripple. “It is simply the details on how Ripple will be punished for the few minor indiscretions committed,” Renee explained. She expressed skepticism about the potential for this legal closure to serve as a catalyst for a substantial price increase of XRP. According to Renee, the pivotal moment for a possible price surge was when regulatory clarity was initially provided by Judge Torres in July last year, a milestone that has already been passed without a long lasting effect. “The point at which clarity was decided would have been the time to see it move upward in a big way. It did not,” Renee stated. Related Reading: XRP Price Breaks Out Of 6-Year Triangle, But Is A Rally To $1 Possible? She further elucidated that institutional investors, who might be considered a primary driver for such a surge, only required confirmation that it was legally permissible to buy, hold, and utilize XRP. This clearance has already been granted. Therefore, the details of how Ripple might be reprimanded for early sales of XRP are unlikely to sway their investment strategies: “Institutions only needed to hear it was legal now to buy, hold and use. That happened. They do not need to hear or if #ripple will be punished for a few early sales of XRP.” Renee concluded, “I hate to be the one to say it. But I do not think the final Ripple/SEC/Torres event will do anything for the price of XRP. The institutions that might drive a significant price increase already know it’s legal to engage with XRP, and the specifics of Ripple’s punishment are unlikely to influence their decisions further.” She further conceded that while a minor uptick in the XRP price could occur following the resolution, she firmly believes that “this will not be the moon shot” many are hoping for. Instead, Renee suggested that significant market movements for XRP would more likely result from new developments that demonstrate XRP’s utility and adoption by major global players, such as banks and financial institutions. Related Reading: XRP Goes To All-Time High If This Resistance Breaks: Crypto Analyst Contrasting with Renee’s tempered expectations, Bas van Gestel, another voice from the XRP community, presented a more bullish outlook. Van Gestel argued that the end of the Ripple-SEC case would catalyze a major surge in XRP’s price due to enhanced regulatory clarity attracting more investors, institutional adoption by major banks, and global partnerships that would broaden the currency’s use cases. Responding to van Gestel’s optimism, Renee reiterated her point that much of what was anticipated to drive a price surge has already occurred, with regulatory clarity being established over a year ago. She posed critical questions about the timing of the institutional adoption and significant global announcements that van Gestel cited as catalysts, suggesting that while these developments are possible and could be impactful, they have yet to materialize in a way that affects the XRP price meaningfully. “Since regulatory clarity was provided over a year ago, why have we not seen big announcements. I am a believer these announcements will come. But not as part of the final Torres case close,” Renee claims. At press time, XRP traded at $0.5632. Featured image created with DALL·E, chart from TradingView.com
The post Ripple vs. SEC Settlement Update: Will July 25th Be the Turning Point for XRP Price? appeared first on Coinpedia Fintech News
The Ripple vs. SEC lawsuit is about to reach a critical turning point. In the latest move, the SEC has shifted its closed-door meeting to July 25. With this slight change, XRP prices jumped in anticipation of a possible end to the Ripple vs SEC case. Many experts assume that there will be a possible …
The ongoing legal battle between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC) could end this week with a settlement between the two parties, as the SEC has scheduled a meeting behind closed doors for Thursday, July 18, 2024. Ripple Vs. SEC Settlement This Week? Brett Hill, an ambassador from the crypto […]
The post Ripple vs SEC: Judge Amy Berman Jackson Upholds Ripple XRP Ruling in Binance vs. SEC Case appeared first on Coinpedia Fintech News
In a win for crypto, Judge Amy Berman Jackson has upheld Judge Torres’ landmark decision regarding Ripple’s XRP. A moment everyone was waiting for. The recent ruling in the Binance vs. SEC lawsuit supports Judge Torres’ doctrine that XRP itself is not a security and that programmatic and secondary sales of XRP do not meet …
US-based cryptocurrency exchange Coinbase has made a significant move by reopening XRP trading for New York users despite the ongoing legal dispute between the decentralized platform Ripple and the US Securities and Exchange Commission (SEC). This decision marks a bold step for Coinbase, which had previously suspended XRP trading following the SEC’s lawsuit against Ripple. […]
In a court filing on May 13, 2024, Ripple Labs has formally requested the United States District Court for the Southern District of New York to seal various documents that were submitted in connection with the SEC’s Motion for Judgment and Remedies. These documents, collectively referred to as the “Remedies Materials,” contain sensitive financial data, […]
In the latest from the XRP lawsuit between Ripple and the US Securities and Exchange Commission (SEC), the agency has filed its remedies reply brief under seal, signaling a significant advance in the case’s remedies phase. This stage focuses on determining the potential sanctions that the fintech company might face if the SEC is successful […]
The post Ripple Vs SEC Lawsuit Update: Here’s What To Expect Next Week appeared first on Coinpedia Fintech News
Last week, the legal battle between Ripple and the US Securities and Exchange Commission (SEC) progressed to trial, with many expecting a soon resolution. Attorney James K. Filan announced a new schedule from Magistrate Judge Sarah Netburn, targeting the motion for remedies and final judgment. The SEC must respond by April 29, and Ripple has …
In the XRP lawsuit, Ripple has filed its opposition to the US Securities and Exchange Commission’s (SEC) motion for remedies and entry of final judgment. The fintech company counters the agency’s for nearly $2 billion in penalties with a proposed fine of just $10 million maximum. Filed late Monday, Ripple’s 186-page opposition document details its […]