The U.S. Securities and Exchange Commission (SEC) filed an appeal on January 15, 2025, challenging a federal court's decision in its ongoing case against Ripple Labs. The SEC contends that the New York District Court erred in ruling that XRP sold to retail investors did not constitute an unregistered securities offering.
Meanwhile, XRPUSD has shown bullish momentum, breaking key resistance levels on intraday charts.
SEC Appeals XRP Ruling, Seeks Overturn
In its appeal to the Second Circuit Appeals Court, the SEC aims to reverse Judge Analisa Torres’ July 2023 ruling, which distinguished XRP sales to retail investors as non-securities while classifying institutional sales as securities. The SEC also disputes exemptions for XRP used in employee compensation and business transactions.
"This SEC brief was hard to work through because, in my opinion, the case won't be ruled on. But I've come this far—here we go!"
— Jeremy Hogan (@attorneyjeremy1)
Ripple Criticizes SEC’s Repeated Appeals
Ripple’s leadership has dismissed the SEC’s latest move as a rehash of prior arguments:
- Brad Garlinghouse (CEO): Called the filing "repetitive with no new grounds."
- Stuart Alderoty (CLO): Predicted the appeal might be abandoned under future administrations.
The legal process could stretch for months, with Ripple preparing counter-arguments and potential oral hearings.
XRPUSD Technical Analysis: Bullish Breakout
Key Levels:
- Support: $2.00 (psychological level)
- Resistance: Broken at $3.20250 (intraday high)
👉 Track live XRP prices and trends
Outlook: The breakout suggests continued upward momentum, with traders eyeing higher targets.
Ripple Updates: Beyond the SEC Case
- Wildfire Relief: Donated $100,000 in XRP to California wildfire victims, matched by entrepreneur Jared Isaacman.
- Japan Expansion: XRP Ledger adoption by all Japanese banks expected by 2025 (per SBI CEO Yoshitaka Kitao).
- DeFi Push: Partnered with Chainlink to integrate RLUSD stablecoin into Ethereum-based DeFi apps.
FAQ: XRP’s Future
Why Is XRP Rising Today?
- Breakthrough key resistances ($2.89, $3.20) and bullish market sentiment.
Price Predictions for 2025?
- Conservative: $1.35–$2.50
- Bullish: $20–$70 (analyst-dependent)
Long-Term Potential?
Yes—cross-border payment solutions and fintech partnerships in Asia/Africa signal growth.
Is $500 Possible?
Unlikely near-term ($26T market cap required). Realistic target: $15–$25 by 2030.
Key Takeaways
- Legal Uncertainty: SEC appeal prolongs Ripple’s litigation.
- Market Opportunity: XRP’s utility in payments and DeFi fuels optimism.
- Technical Strength: Breakout suggests short-term gains.
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Note: This article is for informational purposes only and does not constitute financial advice.
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