XRP News: Ripple May Be Delaying Settlement in Ongoing SEC Lawsuit, Suggests Legal Expert

The ongoing legal battle between Ripple and the Securities and Exchanges Commission (SEC) over the classification of XRP has taken another intriguing turn. A legal expert has hinted that Ripple may be stalling the settlement process, potentially aiming to vacate some or all of the previous court decisions.

XRP Lawsuit: Ripple May Be Stalling Settlement, Suggests Legal Expert

Legal expert James Murphy, known as MetaLawMan, hinted that Ripple may be delaying its settlement with the Securities and Exchanges Commission (SEC) in the ongoing XRP lawsuit. Since the SEC appointed a new lead, it has dropped several high-profile cases, but the XRP lawsuit persists with no clear resolution. Murphy believes Ripple is negotiating with the SEC to vacate some or all of Judge Analisa Torres’s previous decisions, which were favorable for XRP holders but found the crypto firm guilty of violating securities law. Murphy also believes the SEC is open to a settlement.

Ripple’s (XRP) Surge Triggers Over $55 Million in Short Liquidations

Donald Trump’s latest interaction with the crypto industry sent the market soaring, with XRP registering significant gains. This led to over $55 million in short liquidations for XRP alone, with the total liquidations close to $500 million on a 4-hour scale. Trump’s favorable promises after his election win in November had previously boosted crypto assets to fresh all-time highs. However, his actions regarding the Russia-Ukraine war and trade wars against several countries later caused the crypto market cap to decline by over $800 billion within a week.

XRP Surges 30% After Trump’s US Crypto Reserve Proposal

XRP has seen a significant surge in price, up 30%, following Trump’s proposal to include it in a US crypto reserve. This has sparked massive buying activity, pushing the price of the token to new heights. The Price DAA Divergence (PDA) is currently signaling a buy for XRP, as both the price and investor participation have risen. The increase in active addresses indicates growing market interest. The inclusion of XRP in Trump’s proposed reserve has added legitimacy, helping to build investor confidence. This increase in participation and market activity often precedes a longer-term price rise.

XRP Price Prediction for March 2

XRP’s price has surged by 31.38% in the last 24 hours to reach $2.82, signaling robust buying activity and renewed investor confidence. However, it has declined by 7.26% over the past 30 days, indicating a bearish longer-term trend. Recent price charts show that XRP has a strong support zone around the $2.70–$2.75 level, which is crucial for sustaining its current momentum.