Sec./.ripple conflict will soon be officially terminated by the corresponding court order
- The applications for appeals by both parties are on ice and you are waiting for the judicial approval of the comparison agreement.
- The XRP course is around $ 2, whereby the end of the legal dispute and the free path to XRP ETFs should give the starting shot to a new, sustainable price increase.
The long -term legal dispute between Ripple Labs and the United States Securities and Exchange Commission (SEC) has ended. The two parties asked to suspend the appeal procedure because they are working on an agreement.
The court can request additional documents, but no documents have to be submitted. Before the application can continue, the Commission must agree.
Comparative permit is imminent
As CNF reported, the case began in December 2020 and affected the SEC’s claim that Ripple’s sales from XRP were not registered securities offers. In a judgment of July 2023, it was found that XRP sales to institutional investors are securities, but programmatic sales on secondary sleeves are not.
We reported that Ripple agreed to pay a civil penalty of $ 50 million and to withdraw his counter-action in the course of the comparison. The originally lawsuit of the SEC Castle Ripple CEO Brad Garlinghouse and co-founder Chris Larsen as defendant. The SEC recognized the agreement, which was necessary before the deadline on April 16.
According to the right-wing expert Marc Fagel, the time of the comparison could have been influenced by the appointment of Paul Atkins as the new SEC chairman, which was confirmed by the Senate on April 10.
Ripple drives business strategy ahead
Ripple is now focusing on the growth of his business. On April 9, the Hidden Road company, a financial broker company, acquired $ 1.25 billion. As CNF reported, this should strengthen Ripple’s position in the mainstream financial system. In the takeover, industry analysts see a sign that Ripple is now expanding, since legally no more bad surprises can be expected.
With the Hidden Road takeover, Ripple is now also pressing an XRP ETF. We have already reported on Grayscale Investments’s application in January 2025 to convert his XRP Trust into a spot ETF, which is now being checked by the Sec. This makes the Grayscale fund the first XRP ETF, which will hardly reach this milestone. There is also speculation that Blackrock will soon get into the XRP ETF area.
The XRP-on-chain activity also increases. According to the analyst Ali Martinez, more than 6.26 million addresses now hold at least one XRP token-an all-time high and a sign of the growing trust of investors.
XRP course remains despite the technical headwinds until now With two dollars
XRP is traded at $ 2.00, but is faced with resistance after the chart shows a head shoulder pattern.
Analyst Ali Martinez found that XRP received support in the sliding 200-day average of $ 1.87. However, XRP has reached lower maximum and lows since February and is still in a downward trend. The MacD is still negative and the RSI is 44, i.e. bears to neutral. The CCI is -50, which also speaks for a downward trend.
Martinez warned that if it is unable to keep $ 2.00, XRP warned to $ 1.75 or deeper and possibly $ 1.20, which would correspond to a decrease of 40 %. Egrag Crypto, on the other hand, sees a long -term increase if the support lasts.
#XRP –
Symmetrical Triangle ($30):
Let’s focus on this cycle for the breakout from the symmetrical triangle. Instead of using the triangle’s measured move, I’m looking at the last pump from the 2017 cycle, which was an incredible 2,600%! Starting from $1.20, if we see a… pic.twitter.com/FLIDZgTTee
— EGRAG CRYPTO (@egragcrypto) April 10, 2025
Citing past cycles, the analyst said that an increase to $ 30 from this consolidation zone was possible if XRP breaks over $ 2.15 and closes over $ 2.20.
In the meantime, the approval of the Teucrium 2x Long Daily XRP ETF has heated up market optimism through the NYSE Arca. The current trend remains fragile, but XRP has proven to be solid and has surpassed other old coins by 15 to 20 percent.
No Comments