- SEC’s regulatory shift may signal an end to its appeal against Ripple Labs.
- XRP’s RSI at 34.85 suggests oversold conditions, hinting at a potential rebound.
- Legal experts anticipate a Ripple settlement, boosting XRP’s bullish momentum.
The ongoing legal battle between Ripple Labs and the SEC continues to generate intense speculation within the crypto community. As highlighted by analyst Tony Edward, many investors are frustrated over the SEC’s lack of updates on the Ripple case.
He urges patience, emphasizing the complexity of the lawsuit, which extends beyond a simple Wells Notice. Edward also questions whether market participants prefer a resolution now, while the market remains down, or during a V-shaped recovery when it could fuel bullish momentum for XRP’s price.
A lot of people crying about the SEC not announcing updates about the Ripple case. Be patient guys, its a more complicated case, its not a simple wells notice. Also, do you want that news now when the market is still down or when we start the v shape recovery? I want the latter,…
— Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) March 1, 2025
SEC’s Approach and Potential Appeal Withdrawal
Recent regulatory trends suggest the SEC may reconsider its appeal against Ripple. According to former SEC enforcement attorney John Stark, developments within the commission indicate a shift in approach.
The SEC ended its investigation into Robinhood Crypto, choosing not to proceed with further action after issuing a Wells Notice in May 2024. This decision aligns with broader regulatory adjustments under new leadership, hinting that the appeal against Ripple may also be dropped.
So This is How the SEC Dies.
— John Reed Stark (@JohnReedStark) February 26, 2025
The Rapid-Fire Demolition of the SEC Crypto-Enforcement Program Continues. SEC Investigations of Uniswap & Opensea Officially Closed. Both Firms Had Received Wells Notices Under SEC Chair Gensler. Dropping of the SEC’s Ripple Appeal Next Up for Sure. pic.twitter.com/6VUDFAX3qK
During the previous administration, SEC Chair Gary Gensler pushed for tighter crypto regulations, issuing Wells Notices to Robinhood, Uniswap, and OpenSea. However, the recent decision to drop the case against Robinhood signals a possible strategic pivot. If this trend continues, the SEC could abandon its appeal against Ripple, leading to a quicker resolution of the lawsuit.
Legal Experts on the Ripple Case
Legal analyst Fred Rispoli weighed in on the XRP lawsuit, stating that the case is less complex than perceived. He argues that the SEC’s legal stance lacks strength, dismissing concerns about the absence of new SEC Chair Paul Atkins in the case.
Rispoli also downplays the impact of Judge Analisa Torres’ $125 million penalty against Ripple, asserting that a settlement is likely soon. His perspective supports the idea that the case may be approaching its final stages, bringing potential clarity to XRP investors.
XRP Price and Market Performance
XRP is currently priced at $2.17, reflecting an 8.24% increase over the last 24 hours. However, it has declined by 15.86% over the past week. With a circulating supply of 58 billion XRP, its market capitalization stands at $125.85 billion.
Technical Indicators and Market Outlook
The RSI (Relative Strength Index) sits at 34.85, near the oversold territory. A rise above 43.10 could indicate a short-term recovery. Additionally, the MACD (Moving Average Convergence Divergence) histogram remains negative, with both the MACD and signal lines below zero. A bullish crossover is necessary to confirm a shift in momentum.
