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
Crypto analyst Cryptoinsight has provided a bullish outlook for the XRP price, predicting that it could soon rally to as high as $12. He alluded to fundamentals and technicals, which could spark this parabolic rally. What Could Spark The XRP Price Rally To $12 In a YouTube video, Cryptoinsight highlighted the Dubai Land Department’s recent move to launch a tokenization platform on the XRP Ledger (XRPL) as one of the catalysts that could spark the XRP price rally to $12. He also mentioned other recent partnerships and major moves Ripple has made as factors that could contribute to the price surge. Related Reading: $10,000 XRP Theory: Factors Analyst Shares Scenarios That Could Drive Growth One is the crypto firm’s acquisition of the prime broker Hidden Road, which is expected to boost the XRP Ledger’s utility. This is ultimately bullish for the XRP price as the network’s native token. The crypto analyst also mentioned the alleged link between Hidden Road and the DTCC, which enables the prime broker to process trillions of dollars in US Treasury trades daily. Cryptoinsight also noted that Ripple has acquired a payments license in Dubai, which is bullish for the XRP price, since it is the native token of the crypto firm’s payment services. He alluded to reports of the crypto firm allegedly looking to acquire USDC issuer Circle and the XRP ETFs, whose approval odds continue to soar. Ripple CEO Brad Garlinghouse recently discussed crypto ETFs, which the analyst believes could be a hint that these ETFs will be approved soon. Lastly, he mentioned the XRP lawsuit as another event that could be a catalyst if the long-running legal battle ends soon. Cryptoinsight predicts that the XRP price rally to $12 could happen in the next few months. From a technical perspective, he also highlighted bullish indicators like a bull flag that had formed on XRP’s weekly chart. The crypto analyst stated that momentum is starting to reverse to the upside and that buyers could step in soon. The Altcoin On The Verge Of A Local Low In an X post, crypto analyst CasiTrades stated that the XRP price hasn’t made a local low yet but is on the verge of doing that. She remarked that all signs point to a retest of the $2.25 to $2.26 zone. The analyst added that this is a major structural support that aligns with the macro .382 retracement and has been a key level for the last six months. Related Reading: XRP Price Explosion To $5.9: Current Consolidation Won’t Stop XRP From Growing If that support zone holds, she claimed it could mark the base for a new wave toward $2.70. However, if it breaks, the deeper support levels at $1.90 and $1.55 would come back into focus, meaning that the altcoin could still drop below the psychological $2 level before the next leg up. At the time of writing, the XRP price is trading at around $2.30, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The XRP price has failed to shoot up dramatically in the wake of Ripple’s victory against the US Securities and Exchange Commission (SEC). After the SEC officially dropped its appeal against Ripple, many market participants expected a new all-time high. Instead, XRP climbed only by 13% as far as $2.60 before retreating to around $2.40, perplexing investors who had anticipated a sharper rally. Why Is XRP Not Skyrocketing? According to Johnny Krypto, co-founder of Merlin, the lack of a massive spike in XRP’s price should not come as a shock. He draws a parallel with historical events in both crypto and mainstream markets, emphasizing that anticipatory trading often leads to muted responses when the official news finally arrives. “When Trump won, there was no logical reason for XRP’s price to jump, but the market was pricing in that the lawsuit would be dropped,” Johnny explains. “That’s why we saw the big pump back then.” Related Reading: How High Can XRP Price Go After The Ripple Victory? He points out that the run-up from $0.50 to $2.50 last November reflected traders betting on a favorable outcome to Ripple’s legal troubles. Now that the outcome is certain, the market is responding more with a whimper than a bang. “If the SEC had maintained the appeal, XRP’s price would have likely plummeted instead of staying stable,” he adds, noting that the absence of a negative development has effectively kept XRP from falling rather than propelled it to new highs. Crypto analyst EGRAG CRYPTO (@egragcrypto) stated on X that a wave of anxiety is rippling through the XRP community. He argues that many investors are simply uneasy about the current price stagnation and the market’s slower pace compared to previous cycles: “Right now, almost everyone seems to be panicking. Even with all my positive charts, some people are still worried. My DM is filled with anxious questions like, ‘The SEC dropped the case, and we didn’t MOON. Why? What’s going on?, What Happened’ Just Relax and Breath! The real bull market and development are just getting started.” He underscores that the gradual movement in prices can test the patience of retail investors, who often expect quicker returns: “Currently, almost all retail players are experiencing ‘pain’ it is called pain of boredom, unlike in 2017, where the market had quick ups and downs, this time the changes are happening slowly. … But this is not how financial markets work. It moves in cycles and waves.” Related Reading: XRP Wave 4 Count: Why $2.66 Is The Most Important Level To Beat Pointing to the pending arrival of large institutional participants, EGRAG CRYPTO remains optimistic: “This time around, the market might remain strong for an extended period due to steady prices. New ETFs will be helping to bring in a new breed participants … There will be hundreds and thousands of sales people pushing the XRP ETF to their clients.” His overarching message to XRP holders: remain patient. Beyond legal resolutions, XRP—like the broader crypto market—remains exposed to global economic forces. The specter of a US-led trade war, spearheaded by President Trump’s tariff policies, looms large. In particular, the 25% tariffs on Canada and Mexico, along with a 10% tariff on China, have fueled concerns about stagflation—a combination of slow economic growth and high inflation. Supply chain disruptions, higher consumer prices, and diminished economic momentum weigh on risk markets. Investors are increasingly shifting toward “safe haven” assets, including US Treasuries and gold, dampening demand for more volatile cryptocurrencies like XRP. The Federal Reserve’s monetary policy stance is also influencing sentiment. As of its March 19, 2025 meeting, the Fed chose to maintain interest rates in the 4.25%–4.5% range set in late 2024, pausing the rate-cutting cycle that began in September 2024. Fed Chair Jerome Powell cited persistent inflation above the 2% target, along with heightened recession risks, partly tied to tariff concerns and weaker consumer spending. Powell’s cautious tone has led to increased market unease, as a recession could further undermine confidence in risk assets. In such an environment, even the end of the XRP lawsuit may not have been enough to spark a sustained rally. At press time, XRP traded at $2.3995. Featured image created with DALL.E, chart from TradingView.com
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
In a new video, CryptoSensei (@Crypt0Senseii)—the founder of the Cryptonairz community—laid out a comprehensive argument for why he believes XRP could soar to four- and even five-digit price territory. The video, titled “THIS WILL GUARANTEE A $1000 XRP PRICE,” focuses on ten key factors that, according to CryptoSensei, could significantly boost XRP’s adoption and market valuation in the coming years. #1 Regulatory Clarity For XRP CryptoSensei begins by underscoring the ongoing legal situation involving the US Securities and Exchange Commission (SEC) and Ripple Labs, mentioning the partial appeal of the court’s July 2023 ruling. While stressing that the appeal does not designate XRP itself as a security, he notes that “we still have the case against Brad and Chris [referring to Ripple executives] going.” The resolution of these legal hurdles, he argues, is crucial for broader institutional adoption within the United States. “If we want the type of movement we’re looking for inside the US, we need those things to come to an end,” CryptoSensei says, alluding to the potential for major banks like Bank of America, Wells Fargo, and BNY Mellon to officially engage with XRP once regulatory clarity is achieved. #2 Institutions Standing By To Use XRP The video highlights a series of statements from major financial institutions, including the CEO of BNY Mellon, who indicated that crypto custody and tokenized assets are among the bank’s future priorities. According to CryptoSensei, banks are “ready to jump in,” but are hesitant to make large-scale commitments without clear regulatory guidelines. He emphasizes that if XRP were to host “even 5 or 10%” of a multi-trillion-dollar global tokenization market, the price could reach four- or five-digit figures. #3 Potential SEC Case Drops A noteworthy discussion point is the SEC’s recent trend of dropping cases (or opting not to pursue them) against certain crypto firms. CryptoSensei mentions that the Commission “dropped the case against OpenSea, Coinbase, [and] Robinhood,” suggesting a possible shift in enforcement strategy. “Is Ripple, in fact, next? … If the [former] Trump administration wants to stand by their word of working with the crypto industry and not against them, I do believe this is coming,” he posits. #4 Tokenization Of Real-World Assets (RWAs) Central to CryptoSensei’s thesis is the growing trend of tokenizing traditional assets—ranging from real estate to debt instruments—on blockchain networks. He cites Ripple Chief Technology Officer David Schwartz, who says the XRP Ledger (XRPL) could be “a really good platform” for these tokenization projects, thanks to its low fees, integrated decentralized exchange (DEX), and multi-asset support. Schwartz explained: “If someone’s going to buy or sell tokenized real-world assets, they want to be able to do that with whatever asset is convenient for them.” CryptoSensei further highlights how Robinhood’s documentation from January 2025 (mentioned in the video) cites Ripple’s success in tokenizing hundreds of millions of dollars in real-world assets on the XRPL—projects that aim to expand into the billions and eventually trillions. #5 Interoperability Bridges Another critical piece is interoperability. CryptoSensei references the Axelar network, which is bridging the XRPL mainnet, the XRP Ledger EVM sidechain, and over 55 other blockchains. The expansion of cross-chain liquidity is described as “liquidity, liquidity, liquidity.” He points out that the XRPL’s design—integrating DEX functionality directly into the protocol—simplifies asset swaps and liquidity provisioning, boosting its appeal for large-scale tokenization. #6 Cross-Border Payment Solutions Ripple’s long-standing focus on remittances and cross-border payments also features prominently. CryptoSensei shows a clip describing how a US-to-Mexico corridor, facilitated by XRP, can settle in mere minutes at a fraction of legacy fees. “All of that takes about 10 minutes, which used to be three days,” says a Ripple spokesperson in the included clip, also noting that these transactions can be up to “20-odd basis points cheaper.” He argues that such improvements in speed and cost will eventually outcompete outdated correspondent banking rails, potentially capturing a significant portion of the multi-billion-dollar global remittance market. #7 Collaborations With Key Global Institutions In the video, CryptoSensei showcases the Bank for International Settlements’ (BIS) Cross-Border Payments Interoperability and Extension Task Force, listing Ripple alongside only a handful of major international payment networks—such as Mastercard, SWIFT, and EBA Clearing. He emphasizes Ripple’s unique position as the only blockchain infrastructure provider on the roster, describing it as a testament to the company’s significance in shaping next-generation payment standards. #8 Treasury Market On XRP Ledger Referencing Ondo’s tokenization initiatives, CryptoSensei highlights the possibility of US Treasuries migrating onto blockchains, potentially including the XRP Ledger. He notes the US Treasury market alone stands at over $28 trillion, while globally, the bond market encompasses roughly $130 trillion. “Could you imagine five or ten trillion dollars finding its way onto the XRP Ledger over the next five to ten years?” he asks, suggesting even a fraction of that capital would profoundly affect XRP’s valuation. #9 Derivatives Expansion According to the video, derivatives—often said to represent notional values in the hundreds of trillions to over a quadrillion dollars—are a prime target for on-chain tokenization. CryptoSensei points to Bitstamp, which is building a derivatives exchange on the XRPL. He believes that capturing a slice of these massive markets could drive significant demand for XRP, especially if large holders lock up tokens for long-term liquidity provisioning. #10 Central Bank Digital Currencies (CBDCs) Finally, the pundit underscores Ripple’s work with various central banks on CBDC pilots. He cites projects under the Hong Kong Monetary Authority (HKMA) and notes that Ripple was recently named the top technology provider for CBDCs by Juniper Research. From the Bank of International Settlements to major economies in Asia, CryptoSensei posits that the institutional relationships Ripple has forged place XRP in a strategic position to bridge disparate currencies and networks. “Ripple is working with up to 30 central banks,” he states, emphasizing that these ongoing partnerships may open doors for XRP to serve as a liquidity tool in sovereign-level digital currencies. While some of the claims—such as XRP reaching “four or five digits”—are extremely bullish and hinge on multiple converging factors, CryptoSensei remains steadfast: if even a few of these catalysts unfold in Ripple’s favor, he envisions a drastically higher valuation for XRP. Throughout the video, he stresses that regulatory clarity in the United States is the linchpin to unlocking widespread adoption. “If all of these things happen,” he concludes, “you better believe we’re looking at a four to five digit price.” At press time, XRP traded at $2.31. Featured image created with DALL.E, chart from TradingView.com
In an interview with the Paul Barron Network, Bitwise Chief Investment Officer (CIO) Matt Hougan expressed his perspective on the long-debated regulatory battle surrounding XRP and its potential market reaction once legal uncertainties are resolved. According to Hougan, the crypto asset—long restrained by litigation—may be significantly undervalued, with the potential for a sharp market correction following a favorable resolution to its legal entanglements. Since 2020, XRP has been entangled in a legal dispute with the US Securities and Exchange Commission (SEC), which accused Ripple Labs of conducting an unregistered securities offering. The lawsuit has cast a long shadow over the token, restricting its growth within the US market and leading to its delisting from several major exchanges in the past. Related Reading: Analyst Says Only Buy XRP If It Reaches This Level Now, with the lawsuit potentially reaching its final ruling by April 16, according to Barron, market participants are speculating on XRP’s future trajectory. Hougan weighed in on the matter, pointing out that a resolution could unlock significant latent demand and shift the narrative around the asset. “From my 30,000-foot view, specific to XRP, I think there’s a significant chunk of the crypto market that has sort of written it off or forgotten about it. And I think that part of the market is wrong,” Hougan stated. What Happens Post-Lawsuit With XRP? One of the key takeaways from Hougan’s analysis is the idea that XRP remains an unknown variable in the broader crypto landscape. Unlike Bitcoin (BTC) and Ethereum (ETH), which have seen major adoption and institutional inflows, XRP has remained stagnant due to regulatory overhang. If the lawsuit concludes with clarity that allows unrestricted US adoption, the real potential of XRP in global finance could finally be realized. “The reality is, XRP has been suppressed by litigation for multiple years, and we don’t yet know what it can do on the global stage when it’s freed from those restraints,” he added. While Hougan did not make outright price predictions, he did note that institutional and retail sentiment could pivot quickly if XRP gains renewed regulatory clarity in the US. Related Reading: XRP Flirts With A Daily Range Breakdown – Price Must Hold Above $2 Level The discussion also delved into Japan’s aggressive adoption of XRP, with SBI Holdings leading the charge in integrating the asset into its digital banking ecosystem. As noted in the interview, XRP has now surpassed Ethereum in Japanese investor holdings, signaling deep institutional confidence in its future. Paul Barron emphasized that Japan’s approach could foreshadow broader global adoption: “SBI seems to be doing with XRP what Michael Saylor did with Bitcoin—strategically accumulating and positioning it for long-term institutional use.” Hougan agreed, highlighting that XRP’s role in international remittances and liquidity solutions remains underappreciated, and the ongoing legal battle has hindered a more comprehensive evaluation of its utility-driven demand. Another major topic of discussion was the possibility of an spot XRP exchange-traded fund (ETF). While Hougan did not reveal any detail about Bitwise’s ETF filing and its progress with the US Securities and Exchange Commission (SEC), he highlighted the firm’s confidence. “We don’t file for ETPs for fun. We file for them because we think they can launch, and we think there is a significant audience, and we think it’s an important asset.” While some analysts argue that XRP’s legal troubles have already been priced in, Hougan’s comments concluded that the potential upside remains largely ignored by the broader market. If the SEC case concludes favorably, the re-listing of XRP on major US exchanges, new institutional flows, and expanded adoption in banking systems could lead to a market repricing event. “There’s no guarantee XRP will be enormously successful, but there’s equally no guarantee that it won’t be,” Hougan emphasized. At press time, XRP traded at $2.12. Featured image from YouTube, chart from TradingView.com
In a post on X, prominent pro-XRP attorney, John E. Deaton, shed light on the intricate dynamics between the US Securities and Exchange Commission (SEC) and Ripple’s competitors, suggesting a coordinated effort to undermine the company and its digital asset. Deaton emphasized the extensive impact of the SEC’s lawsuit on Ripple, stating, “I do not […]
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 […]
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 […]
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 […]
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 […]
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 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 […]
Pro-XRP lawyer Fred Rispoli, founder of HODL Law, has made a stunning prediction on X regarding a potential verdict in the Ripple vs. SEC case. Rispoli noted a recent filing case, specifically Ripple’s Notice of Supplemental Authority regarding the recent Binance decision by the US District Court for the District of Columbia. The court’s decision […]
Ripple Labs has filed a notice of supplemental authority to bolster its stance in the enduring legal face-off with the Securities and Exchange Commission (SEC). This filing was made to the United States District Court for the Southern District of New York in response to the SEC’s motion seeking remedies and final judgment. Ripple Uses […]
Ripple Labs has escalated its defense against the US Securities and Exchange Commission (SEC) by specifically addressing two critical arguments from the SEC in their ongoing legal dispute, as outlined in a new filing submitted to Judge Analisa Torres of the Southern District of New York. This filing comes at a decisive moment, with the […]
In a post on social media, Bill Morgan, a leading pro-XRP attorney, reiterated allegations of biased regulatory practices by the Securities and Exchange Commission (SEC), accusing them of showing undue favoritism towards Ethereum at the expense of XRP. This assertion aligns with a broader accusation involving former SEC official William Hinman, which is now culminating […]
The legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has intensified with the SEC’s latest court filing, marking the final submission before Judge Analisa Torres of the Southern District of New York deliberates on the remedies phase of this landmark case. Ripple Vs. SEC: The Final Move In its filing […]
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, […]
The SEC argues that Ripple’s claims do not negate the need for injunctions to prevent future violations.
The Securities and Exchange Commission (SEC) has submitted its remedies reply brief in its ongoing legal battle with Ripple Labs, accompanied by supporting exhibits. This filing marks a pivotal moment in the litigation as it is the final brief before Judge Torres will make her remedies ruling. SEC Files Final Brief As Decision Day Looms For […]
The XRP lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) over the status of XRP as a security is poised to escalate to the US Supreme Court. This anticipation has been reinforced by a recent ruling in the Coinbase case, which favored the SEC, as presided over by Judge Katherine Failla […]
In the XRP lawsuit between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC), the parties have submitted a joint sealing proposal to the United States District Court for the Southern District of New York. This proposal, aimed at governing sealing issues for the upcoming remedies-related briefing, underscores both parties’ commitment to transparency […]
The protracted legal confrontation between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC) is advancing towards a critical juncture, as both parties face imminent deadlines for their remedies briefing submissions. This phase of the legal battle marks a significant step in the proceedings, potentially setting the stage for the case’s potential resolution. […]