Ripple Agrees to Drop Cross-Appeal Against SEC
Ripple Labs confirmed on Tuesday that it will no longer pursue a cross-appeal against the U.S. Securities and Exchange Commission (SEC), effectively concluding its four-year legal battle.
Key Developments:
- **SEC retains $50M** of the original $125M penalty.
- Ripple’s Chief Legal Officer, Stuart Alderoty, announced the settlement, noting the SEC will request Judge Analisa Torres to lift the August 2023 injunction against Ripple.
- The resolution follows SEC’s decision last week to drop its appeal unconditionally.
"Final paperwork confirms—this should be my last update on SEC vs. Ripple… The SEC agreed to drop its appeal unconditionally. Ripple agrees to drop its cross-appeal. The SEC keeps $50M of the $125M penalty."
— Stuart Alderoty (March 25, 2025)
Market Implications
Despite the positive development, XRP’s price remained stagnant, suggesting the outcome was already priced in. Analysts highlight:
- Bitget COO Vuga Zade: "SEC’s retreat signals a shift toward legislative clarity over enforcement-based crypto regulation."
- WeFi Growth Lead Agni Ringe: "The market’s muted reaction reflects long-term anticipation of this resolution."
XRP Price Analysis: Key Levels to Watch
Current Trends
- XRP consolidated near $2.34** after a brief spike to **$2.60 post-SEC announcement.
- Faces resistance at the 50-day SMA (~$2.78); support at **$2.34**.
Potential Scenarios
Bearish Breakdown:
- A drop below $2.34** could push XRP to **$1.96.
- Daily close under $1.96** invalidates bullish structure, targeting **$1.35.
Bullish Breakout:
- Sustained move above 50-day SMA and $2.78** may retest **$3.40 (7-year high).
Indicators:
- RSI: Testing neutral levels.
- AO: Red bars above midline suggest weakening bullish momentum.
👉 Track XRP’s real-time price action for updates.
FAQs About Ripple and XRP
1. What is Ripple?
Ripple is a payment company specializing in cross-border remittances via blockchain technology. Its RippleNet network facilitates global transactions for financial institutions.
2. What is XRP’s role?
XRP is the native token of the XRPLedger, used to:
- Enable instant, low-cost payments.
- Power transactions on Ripple’s decentralized ledger.
3. How does XRPLedger work?
- Employs distributed ledger technology with a unique consensus mechanism.
- Features built-in protocols to prevent spam/DDOS attacks.
4. Who created XRP?
Developed by Jed McCaleb, Arthur Britto, and David Schwartz as the native asset of XRPLedger.
Key Takeaways
- Ripple’s legal clarity is a milestone, but XRP’s price hinges on broader market adoption.
- Traders should monitor $2.34** (support) and **$2.78 (resistance) for near-term directional cues.
👉 Explore crypto trading strategies to capitalize on volatility.