Ripple Slams SEC in Court—XRP Eyes $3.10 Amid Legal Chaos
Another day, another courtroom showdown—Ripple just scored a critical win against the SEC. The ruling? A judicial middle finger to regulators’ overreach. XRP bulls are already pricing in a moonshot to $3.10.
Here’s the breakdown: The judge shredded the SEC’s ’regulation by enforcement’ playbook (again). Meanwhile, traders are front-running the news—because nothing screams ’healthy market’ like legal uncertainty fueling speculative frenzies.
Bottom line: This isn’t just about Ripple. It’s a precedent that could gut the SEC’s entire crypto crackdown. Watch the charts—if XRP clears $2.80, that $3.10 target becomes Wall Street’s next ’I told you so.’
- XRP holds bullish momentum despite a 1.96% daily dip, trading at $2.42 with $5.46B in volume.
- Technical indicators support a potential rebound; strong support is confirmed at $1.90.
- Ripple’s legal stance remains strong despite a recent procedural ruling denial by the court.
XRP is currently trading at $2.42, down modestly by 1.96% in the last 24 hours. While this was a slight dip, overall volume jumped up to $5.46 billion, a striking 32.77% increase, highlighting vigorous market interest. In its weekly chart, XRP is up 2.36%, consistent with overall bullish sentiment in the market.
XRP is still in an upward direction. The price, standing at $2.42, has pulled back marginally by 4.52% but still comfortably stays above the critical support price of $1.90. This level is considered a solid accumulation region, supported by a recent “Buy” signal by the Top Bottom indicator and a favourable EMA crossover. There is identified immediate resistance of $2.5265 and $2.5720, with a mid-term goal of between $2.90 and $3.10 in case of sustained bullish price pressure.
Judge Torres denies SEC and Ripple motion
In a significant legal development, Judge Analisa Torres of the U.S. District Court for the Southern District of New York denied a joint motion filed by the U.S. Securities and Exchange Commission (SEC) and Ripple Labs. The motion sought an indicative ruling under Federal Rule of Civil Procedure 62.1 to dissolve an existing injunction and reduce Ripple’s civil penalty from $125 million to $50 million.
Judge Torres ruled that the request was procedurally improper, specifically referencing that jurisdiction is now with the appellate court. This ruling is somewhat of a setback, but Ripple’s Chief Legal Officer, Stuart Alderoty, was quick to set the record straight, explaining that this ruling does not impact Ripple’s most significant legal wins. Importantly, XRP is still, and remains, a non-security sold on public exchanges, a fundamental win for the company and its token.
XRP forecast shows potential surge in 2025
XRP is projected by analysts to have a solid year in 2025. XRP reached as high as $3.39 for a brief spike in January 2025, dipping since, with projections for potential year-end highs of $5.29. The token is anticipated to first cross $3.84, last year’s all-time high, paving the way for further increases.
The XRP community is hopeful. Technical bullishness, legal confidence, and long-term price potential are holding investor sentiment in place. Even with procedural delays, Ripple’s clear strategy and open communications on the law imply a confident trajectory ahead.
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