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On Jan. 15, the United States Securities and Exchange Commission (SEC) filed its opening in its appeal of the Ripple lawsuit involving XRP's securities status. While the appeal has drawn intense criticism from industry leaders, pro-crypto lawyer Jeremy Hogan has chosen to review the brief, highlighting mostly its demerits.
The XRP rally has continued to show strength after breaching $3 for the first time in three years. Ripple (XRP) surged over 16% from a 24-hour low of $2.73 to an intraday high of $3.17 on Jan.
Bitcoin (BTC) briefly reclaimed $100,000 after registering a jump of almost 3%, making a strong recovery after plunging below $90,000 a day prior. The increase can be attributed to fresh inflation data and regulatory developments considered bullish for the flagship cryptocurrency.
The United States Securities and Exchange Commission (SEC) has submitted its opening brief to challenge a court decision favoring Ripple. In its Jan. 15 filing, the SEC claims that Ripple's XRP sales to retail buyers should be classified as unregistered securities transactions.
The SEC has filed for a new appeal in its legal battle against Ripple as per reports. The US regulator is expecting an administration change in the coming days.
Despite the ongoing legal battle with the SEC, XRP soars, driven by market optimism and favorable inflation data.
Here's what can ruin the party for the XRP bulls in the short term.
XRP has broken above $3 for the first time since 2018, driven by increased trading volume, ETF speculation, and renewed activity in XRPL meme coins.
An analyst has revealed how XRP and Bitcoin are among the cryptocurrencies seeing a sell signal on the Tom Demark (TD) Sequential after the market recovery. XRP & Bitcoin Among Coins Seeing TD Sequential Sell Signal In a new post on X, analyst Ali Martinez has talked about the TD Sequential pattern that four top assets in the sector have formed recently.
The SEC formally appealed to overturn Judge Torres' ruling, seeking summary judgment on XRP retail sales and compensation-based offers.
The SEC has filed an appeal seeking to overturn a court ruling that distinguished between institutional and retail XRP sales, arguing that all XRP transactions should be classified as securities under the Howey test, while Ripple and industry observers question the appeal's timing amid anticipated regulatory changes.
XRP has been one of the standout performers in the cryptocurrency market recently, making the most of Bitcoin's post-Fed recovery. After two impressive surges of over 10% in just one week, the altcoin is on the verge of a major breakout.
Ripple CEO Brad Garlinghouse recently criticized SEC Chair Gary Gensler on social media following the SEC's submission of its opening brief in the ongoing appeal against Ripple.
In a major XRP news on Thursday, Ripple co-founder Chris Larsen transferred large numbers of XRP coins to an unknown wallet, creating buzz and accumulation in the XRP community. Larsen's massive XRP move comes after the token price gained traction over the past 24 hours and the US SEC challenged its status as a security
XRP's price reached $3.02, hitting a seven-year high amid substantial whale accumulation of 1.43 billion tokens over two months, outperforming other major cryptocurrencies with a 30% two-week gain.
XRP surged past $3, fueled by strong spot investor demand, growing community support, and positive regulatory sentiment ahead of Trump's inauguration.
XRP price continues to rise as the markets become bullish ahead of the change in U.S. leadership. Bitcoin again attempted to rise above the crucial resistance at $100K but failed to sustain. Meanwhile, the bulls prevented excessive price drain as the markets flipped the prevailing bearish price action.
XRP jumps to $3 amid ETF speculation and Trump administration hopes, but overbought conditions and SEC legal pressure hint at a 20% correction risk.
XRP hit a seven-year high on Jan. 15, 2025, touching nearly $3 as the XRP Ledger experienced a surge in activity, driven by meme coins.
Story Highlights The XRP Price today is . The XRP price could hit a high of $3.99 in 2025. Ripple price with a potential surge, may reach a high of $15.65 by 2030. Ripple Lab's native token XRP price successfully surpassed the $3 mark for the first time since 2018.
Stuart Alderoty, Ripple's CLO, expressed confidence in the dismissal of the U.S. SEC's lawsuit under the next administration. He added that the politically-driven lawsuit was just noise and merely a rehash of already failed arguments.
In a late filing made on Wednesday, the US Securities and Exchange Commission has formally begun its appeal in its legal battle against Ripple Labs. However, this move has not dampened investor enthusiasm for Ripple's XRP, whose value has broken above the $3 price mark for the first time since 2018.
The cryptocurrency market was strongly bullish today, with Bitcoin (BTC) reclaiming the $100,000 mark and XRP reaching a record high of $3.18. The global crypto market cap surged to $3.5 trillion, up 3.7% in the last 24 hours. The total crypto market trading volume over the past 24 hours has surged to $155.
XRP is spreading excitement in the market with its price movement. This month alone, its price skyrocketed by 50%, smashing through a seven-year high above $3. If that isn't impressive enough, the cryptocurrency has surged 240% over the past quarter. It's now the third-largest crypto, outranking Tether with a staggering $176.75 billion market cap.
