XRP to $10? Price explodes on optimism ignoring SEC appeal

Amid a crypto scenario that is beginning to breathe an air of optimism for 2025, the XRP simply ignored concerns about the US Securities and Exchange Commission (SEC) appeal and reached the highest value since January 2018 when it was trading at $3,20. As it continues its upward movement, the digital currency managed to surpass the $3,30 mark today, rising more than 19% in the last 24 hours. Amid the bullish rally, the price of XRP has risen more than 45% in the last week, according to market data.

This dizzying increase happened just as the SEC filed an appeal in the lawsuit against Ripple Labs on January 15, challenging Judge Analisa Torres' decision, made in July 2023. That decision had concluded that sales of XRP to retail investors did not constitute a sale of unregistered securities.

XRP to $10? As the market recovers, one of the main beneficiaries is XRP, which is seeing considerable gains amid optimism over the token’s potential appreciation. Renowned cryptocurrency analyst Ali Martinez shared a very bullish technical analysis on the future of Ripple’s native cryptocurrency. According to the expert, the price of XRP will reach an impressive $10. At the time of publication, the price of XRP was quoted at $3,33 with a 19.1% increase in the last 24 hours.

This significant rise in XRP amid the current scenario in the sector demonstrates the market's growing confidence in the future of cryptocurrencies and, especially, in the resolution of this legal imbroglio between Ripple and the SEC. Apparently, optimism around the emerging regulations and the prospect of a more mature and regulated market by 2025 are speaking louder.

It is important to remember that the legal battle between Ripple and the SEC has been one of the main factors of uncertainty for XRP in recent years. However, this recent appreciation shows that the market is starting to believe in a positive outcome for Ripple, or at least, that the negative impact of this process is already priced in.

SEC vs Ripple: Battle over XRP gains new chapter with SEC appeal

The soap opera between the US Securities and Exchange Commission (SEC) and Ripple Labs has gained another exciting chapter. The regulator has filed a resource , on January 15, against the July 2023 ruling by Judge Analisa Torres, which gave a partial victory to Ripple. The recent move by the SEC has reignited the debate in the cryptocurrency community about the classification of XRP.

The SEC has accused Ripple of selling XRP as unregistered securities in violation of U.S. federal law. Last July’s ruling provided some relief for Ripple, but the SEC, showing that it is not willing to budge, filed an appeal yesterday, focused primarily on whether or not the sales of XRP to retail investors qualify as unregistered securities transactions.