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XRP’s Legal Battle: Ripple Challenges SEC Restrictions Amid Potential Settlement Talks

XRP’s Legal Battle: Ripple Challenges SEC Restrictions Amid Potential Settlement Talks

Author:
XRP News
Published:
2025-06-30 05:44:12
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Ripple Labs is making strategic legal moves to contest court-imposed restrictions on its institutional XRP sales, with recent delays attributed to the company rather than the SEC. Prominent attorney Bill Morgan highlights Ripple's efforts to dissolve an injunction limiting its operations while negotiating a reduction of its $125 million penalty. The SEC's unexpected cooperation signals a potential shift in its stance, which could have significant implications for XRP's future. As of June 2025, this ongoing legal battle remains a critical factor for XRP's market trajectory and institutional adoption.

Ripple's Legal Strategy Takes Center Stage as SEC Case Faces Delays

Ripple Labs is actively contesting court-imposed restrictions on its institutional XRP sales, with legal experts noting the firm—not the SEC—is driving recent delays. Bill Morgan, a prominent attorney following the case, confirms Ripple seeks to dissolve an injunction limiting its operations while negotiating a reduction of its $125 million penalty.

The SEC's unexpected cooperation marks a potential softening of its enforcement stance. This comes after years of aggressive litigation that initially classified XRP as a security. Market observers speculate the outcome could set precedents for how regulators treat cryptocurrency sales to institutional investors.

XRP Faces Profit-Taking Pressure as Technical Indicators Flash Caution

Ripple's XRP, one of this cycle's standout performers, shows signs of exhaustion after a 300% rally. Early investors are now liquidating positions at a rate of $68.8 million daily, while futures markets reflect growing skepticism with a 25% drop in open interest.

The asset's breach below both 50-day and 100-day moving averages signals weakening momentum. This profit-taking phase emerges just as Ripple's protracted SEC lawsuit nears resolution—a development that previously fueled XRP's late-2024 breakout.

Market veterans recognize this pattern: similar derivatives activity preceded previous corrections. The current sell-off contrasts sharply with June's 50% surge in on-chain activity, creating tension between network usage and price action.

Ripple Legal Counsel Dismisses XRP Seizure Speculation as Settlement Talks Progress

Ripple's legal team has forcefully rejected speculation about potential U.S. government seizure of the company's XRP holdings. Attorney Bill Morgan countered analyst John Squire's claims with a definitive "No it won't" response on social media, dismissing theories about national reserve confiscation of escrowed tokens.

Technical discussions emerged about theoretical transfer mechanisms through XRPL validators, but senior engineer Mayukha Vadari highlighted critical limitations. "Wouldn't work if you only wanted to do a partial transfer — it's an all-or-nothing solution," Vadari noted, underscoring the impracticality of such scenarios.

The developments occur against the backdrop of ongoing SEC settlement negotiations. Morgan has provided regular updates on the process since Ripple signed initial agreements, though neither party has disclosed potential terms. Market observers continue monitoring the case's implications for XRP's regulatory standing.

XRP Soars 300% as Profit-Taking Reaches $68.8 Million Daily

XRP has surged over 300% since November 2024, breaking the $2 mark and delivering windfall gains to early investors. Blockchain analytics firm Glassnode reports a cascade of profit-taking, with $68.8 million in daily realized profits recorded in early June—a clear sign of distribution by long-term holders.

The rally stems from Ripple's regulatory milestones and expanding role in cross-border payments, reversing years of legal stagnation. Glassnode's June 19 analysis reveals the token has tripled in value since its pre-rally base, with on-chain data showing profit-taking volumes perfectly correlated with the price ascent.

XRP Price: $2.1 Support Identified By Polymarket Traders, But Questions Remain

Polymarket traders are betting heavily on XRP maintaining support above $2.10, with 99% odds reflecting surging confidence. Institutional momentum and network strength fuel this optimism, though short-term volatility risks linger.

The prediction market's volume surpassed $157,000 as sentiment shifted dramatically from 70% to 99% confidence within 24 hours. This bullish positioning follows three days of steadily firming market activity.

While the XRP Ledger's fundamentals appear strong, the rapid price movement raises questions about sustainability. The market's euphoria contrasts with underlying concerns about potential sell pressure at these levels.

XRP Price Forecast: Analyst Predicts $10 Surge by 2025 Amid Growing Institutional Appeal

XRP is gaining momentum as bullish predictions emerge, with one prominent analyst targeting a $10 valuation by 2025. Currently trading NEAR $0.50, the asset's technical setup mirrors historical consolidation phases that preceded explosive rallies. The forecast hinges on Ripple's advancing legal clarity and expanding global partnerships.

Institutional interest is mounting as regulatory headwinds ease. The analyst, who accurately predicted XRP's 600% surge in the last cycle, notes the token's current sideways trading pattern resembles pre-breakout conditions from previous bull markets. This cyclical behavior suggests significant upside potential.

While XRP dominates attention, emerging projects like Pepeto are attracting speculative interest. The zero-fee exchange platform combines meme coin virality with functional utility, though it remains untested against established competitors.

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