Article Summary
XRP is currently trading at $2.34, with legal developments between Ripple Labs and the SEC causing some fluctuations in price. The recent procedural misstep in finalizing the settlement has temporarily halted the proceedings. However, Ripple’s Chief Legal Officer, Stuart Alderoty, has stated that it doesn’t affect XRP’s legal standing. On-chain fundamentals remain strong, and a revised motion will soon be filed, following which a limited remand to dissolve the injunction and finalize the $50 million penalty can be sought.
What This Means for You
- Be vigilant for updates on the Ripple-SEC case and its potential impact on XRP’s price.
- Investors should closely observe any changes in on-chain metrics and use technical analysis to make informed trading decisions.
- Consider the practical implications of XRP’s changing regulatory landscape on your investment strategy.
- Keep an eye on the progress of the revised motion for a possible resumption of the settlement proceedings.
Original Post
XRP Price Prediction: XRP Builds Momentum at $2.38 as Key Resistance Levels Come Into Focus for Traders
XRP is trading at $2.34 as the legal tug-of-war between Ripple Labs and the SEC goes into pause mode. On-chain fundamentals are strong, while legal developments are still influencing sentiment.
Ripple’s Chief Legal Officer, Stuart Alderoty, told investors that the setback doesn’t impact XRP’s legal standing. A revised motion will be filed soon and then the parties can seek a limited remand to dissolve the injunction and finalize a $50 million penalty.
Settlement Agreement Signed
- Settlement agreement signed by Ripple parties on April 23, 2025 and by the SEC on May 8, 2025.
Motion for Indicative Ruling Denied (Procedural)
- Parties file rule 62.1 motion asking for an indicative ruling.
Parties Preparing Revised Filing
Key Terms
- Ripple Labs
- Securities and Exchange Commission (SEC)
- XRP
- Stuart Alderoty
- Procedural misstep
- Settlement agreement
- On-chain fundamentals
- Limited remand
- Injunction
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