Ripple Requests New Trial Date; Analyst Predicts XRP Reaching $10
- SEC vs. Ripple Case Update in 2025
- Change in the SEC may influence the outcome of the Ripple case.
- Possible XRP ETF could boost its market value.
Ripple faces a pivotal moment in its long-running legal battle with the U.S. Securities and Exchange Commission (SEC). The company has just requested an extension until April 16 to file its initial brief in a cross-appeal, a sign that its strategies are being meticulously planned. The case, which has dragged on for years, may be approaching a turning point with the recent change in leadership at the SEC.
The petition filed by attorney Michael K. Kellogg on behalf of Ripple Labs Inc. in the U.S. Court of Appeals for the Second Circuit requests a new date of April 16, 2025, for the filing of the brief of appeal and response in SEC v. Ripple Labs Inc., Case Nos. 24-2648 and 24-2705.
#XRPCommunity #SECGov v. #Ripple #XRP @Rippl to @Rippl to requests a due date of April 16, 2025 for its brief. pic.twitter.com/7XhzGnf1Vt
- James K. Filan 🇺🇸🇮🇪 (@FilanLaw) January 24, 2025
Stuart Alderoty, Ripple’s lead attorney, has previously expressed the expectation that the SEC could drop the case under the new administration of Mark Uyeda, a more crypto-friendly figure. The expectation is that this changing of the guard at the SEC could lead to a more lenient stance toward the digital asset sector.
Meanwhile, the SEC shows no signs of backing down, as it filed its opening brief this month, challenging the U.S. Court of Appeals for the Second Circuit to reverse both the summary judgment and the district court’s final ruling. These actions indicate that the fight is far from over.
Request 04 – $ Xrp
When the volatility starts to pick up momentum, that's the moment you'll zoom out to get the best entry points.
In this case it worked on $ Xrp , almost doubled since.
New entry points?
They are hard.Would go <$2.80 for an optimal one.
Is $10 possible? Yes. pic.twitter.com/E41pQG5GJj
- Michaël van de Poppe (@CryptoMichNL) January 23, 2025
In the market, the cryptocurrency XRP, associated with Ripple, is in the spotlight after the change of direction at the SEC. Michael van de Poppe, an influencer in the sector, mentioned that a drop in price to $2,80 could represent a good buying opportunity. In addition, he does not rule out an appreciation that could take XRP to $10 per coin, depending on how events unfold.
One of the crucial factors for a new rally in the price of XRP is the resolution of the case between Ripple and the SEC. If Ripple emerges victorious, the impact on the value of XRP could be significant. Additionally, the possible introduction of an XRP ETF in the United States, mentioned by Monica Long, president of Ripple, as “probably next in line,” could add further upward pressure to the price of the coin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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