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The price of XRP has fallen by more than 5% today, but experts are still optimistic about the future path of the coin.
Despite this recent decline, a leading market expert has pointed out the possibility of a strong rise in the price of Ripple's native currency to levels close to $8, which has sparked widespread discussions in the market.

U.S. SEC files a new motion in the Ripple case, opposing an emergency request by a nonparty to present decisive evidence in favor of the defendant. 

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The securities regulator submitted the motion yesterday in the Southern District of New York (SDNY), asking the judge to deny the nonparty’s request. 
Recall that a nonparty, Justin W. Keener, fileda letter in the Ripple case last week. The nonparty made an emergency request to present evidence favoring Ripple against the SEC and the liberty of Americans. 

SEC Opposes Request in 3 Arguments 
Days after the nonparty’s request, the SEC filed a reply opposing the presentation of this so-called decisive evidence. The SEC presented three major arguments stating why the court should deny the request. 
First, it contended that the New York federal court no longer has the jurisdiction to grant the emergency request. According to the SEC, the Ripple case is currently under appeal in the Second Circuit, granting the appellate court authority over the request. 
Second, the SEC claimed Keener did not file his motion to intervene correctly. The commission highlighted a procedural error regarding how the nonparty attempted to support Ripple in the case. It noted that Keener should have first requested to intervene in the case before his April 3 emergency request motion.
Third, the regulator argued that the emergency request was unnecessary. According to the commission, Keener could have shared the evidence with Ripple’s legal team, which the court had already found competent. Therefore, Ripple’s legal team can decide on its own whether the evidence could support its case against the SEC.  
Overall, the SEC challenges the necessity of the request, the court’s jurisdiction to entertain the matter, and the procedural legitimacy. Consequently, it asked the New York federal court to deny the request.  
XRP Enthusiasts React 
The recent development in the Ripple case has elicited reactions among XRP community members. 
Community member Danny speculated that something big might be unfolding behind the scenes in the Ripple case as the emergency request ‘has a lot of urgency.’ 
Meanwhile, top legal expert Bill Morgan highlighted a contradiction in how the SEC and Ripple describe the case’s status. Attorney Morgan noted that while Ripple claims the appeal and cross-appeal are over, the SEC has informed Judge Torres that the lawsuit is still under appeal. 
According to Morgan, the case may have been settled, but it’s not over. This suggests that although the parties may have settled, as revealed by Ripple, the fact that they have not gone through the formal judicial process indicates that the case is not entirely over. 

Current Status of Ripple Case 
Recall that Ripple claimed the SEC has agreed to drop its appeal. Ripple also dropped its cross-appeal in exchange for a reduced fine and dismissal of the court’s permanent injunction, pending the SEC commissioners’ vote. 
However, since Ripple made these statements, the SEC has not publicly affirmed plans to drop the appeal. Experts suggest that the SEC would issue a statement after its commissioners approve the appeal dismissal decision at a closed-door meeting. 
Since Ripple’s announcement, the SEC has held two closed-door meetings without issuing a statement on the Ripple case. This silence continues to spark concerns among XRP enthusiasts, with some suggesting that the case is not yet over.   
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect LACHAKARI Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions. LACHAKARI Crypto is not responsible for any financial losses.
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in XRP ETF as Ripple Lawsuit Nears End

ETFStore President Nate Geraci expects BlackRock and Fidelity to file for XRP ETFs in the U.S. as the Ripple lawsuit nears its conclusion. 
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This week, the multi-year Ripple lawsuit saw a major development after the crypto payments company dropped its cross-appeal against the SEC. 
This decision came a few days after the SEC had also agreed to dismiss its appeal, a move confirmed by Ripple CEO Brad Garlinghouse. Despite these decisions, the parties still need the SEC’s commissioners’ approval and court processes to finalize the resolution of the lawsuit. 

Previously, several experts, including Geraci, believed that the lawsuit could hinder the approval of XRP ETFs in the U.S. and deter top asset managers from participating. 
This is evident in BlackRock and Fidelity staying away from filing for XRP ETFs despite other financial institutions like Franklin Templeton and WisdomTree submitting respective applications.  
BlackRock and Fidelity to Participate in XRP ETF 
With the lawsuit nearing its end–potentially clearing up regulatory uncertainties surrounding XRP–Geraci argued that BlackRock and Fidelity will participate in the XRP ETF initiative. 
These multi-trillion-dollar asset managers already have spot Bitcoin and Ethereum ETFs trading on major exchanges. However, they have not filed for an XRP ETF even though it ranks as the third-biggest non-stablecoin crypto in the market. 
Geraci expects this to change now that the Ripple lawsuit is coming to an end. 
SEC to Approve XRP ETF 
Further, he asserted that the SEC will definitely approve XRP for an ETF, noting that it is only a matter of time before this happens. Recall that Ripple CEO Brad Garlinghouse shared a similar opinion earlier, expressing confidence in the potential launch of XRP ETFs. 
Ever since, several institutions, including 21Shares and Grayscale, have filed to launch XRP ETF in the U.S. The SEC has also acknowledged multiple XRP ETF filings submitted by exchanges. 
Earlier this month, prominent technical expert Vincent Van Code forecasted that the SEC would approve multiple XRP ETFs by May 22, 2025. It remains uncertain whether this prediction will come to pass. 
In the meantime, investors are anticipating the SEC’s official statement regarding its decision to drop the Ripple appeal, ending the regulatory uncertainties surrounding XRP. The commission is expected to vote on the decision today during its closed-door meeting. 
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect LACHAKARI Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions. LACHAKARI Crypto is not responsible for any financial losses.
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🔥Ripple, a leading force in enterprise blockchain solutions, has just unveiled a powerful new accelerator program designed to ignite innovation on the XRP Ledger (XRPL). This strategic initiative will place a keen focus on the booming sectors of Decentralized Finance (DeFi) and Artificial Intelligence (AI), aiming to cultivate cutting-edge solutions and solidify the XRPL's position as a hub for next-generation blockchain development. 🌐
Fueling the Future: The XRPL Accelerator 🚀
Set to kick off in September 2025 and running twice annually, the 12-week XRPL Accelerator is a hybrid program offering an incredible launchpad for startups and corporate innovation teams. This move is a clear signal from Ripple: they are investing heavily in the future and expanded utility of the XRP Ledger.
Here's what makes this program a game-changer:
* Significant Non-Equity Funding: Participants can receive up to $200,000 in non-equity funding, providing crucial financial backing without diluting ownership. 💰
* Expert Mentorship & Guidance: Teams will gain unparalleled access to leading industry experts, offering mentorship on product strategy, token design, and effective go-to-market planning. 🧠
* Access to Ripple's Ecosystem: A golden ticket to Ripple's vast network of investors, partners, and the broader blockchain community, opening doors to vital collaborations. 🤝
* Targeted Innovation Focus: The program is specifically designed to foster projects in key, high-growth areas:
* Real-World Asset Tokenization (RWA): Bringing tangible assets like real estate and commodities onto the blockchain for enhanced liquidity and access. 🏘️
* Institutional DeFi: Developing robust decentralized finance solutions tailored for large financial institutions and enterprises. 🏦
* AI and Blockchain Intersection: Exploring powerful new use cases where AI enhances blockchain capabilities, and vice-versa, for advanced solutions. 🤖⛓️
* Hybrid Learning & Demo Day: The accelerator combines the flexibility of virtual workshops with two intensive on-site immersion weeks in Singapore. The program culminates in a highly anticipated Demo Day, where participating startups will pitch their innovations to potential investors and industry leaders. 🇸🇬
Why This Matters for the XRP Ledger Ecosystem 🌟
This accelerator is far more than just a funding initiative; it's a strategic push by Ripple to significantly expand the utility, adoption, and overall resilience of the XRP Ledger.
* Accelerated Ecosystem Growth: By actively nurturing new projects and innovative ideas, Ripple is fostering a more vibrant, diverse, and dynamic ecosystem on the XRPL, which is expected to attract a wider range of developers and users. 🌱
* Addressing Key Market Demands: The sharp focus on cutting-edge sectors like DeFi and AI directly addresses the hottest trends and most pressing demands in the blockchain space, positioning XRPL at the forefront of future innovation. 📈
* Leveraging Singapore as a Blockchain Hub: Basing the program in Singapore strategically leverages the city-state's growing reputation as a leading hub for blockchain entrepreneurship, talent, and regulatory clarity across the Asia-Pacific region. 🏙️
* Unlocking Scalable Use Cases: The overarching goal is to unlock and support the development of scalable use cases that can genuinely benefit various industries and communities, demonstrating the real-world power and versatility of blockchain technology. 🔗
Ripple's unwavering commitment to supporting developers and driving innovation on the XRP Ledger signals a bold and forward-looking step towards a future where blockchain seamlessly integrates with traditional finance and emerging technologies like AI. This accelerator could very well be the catalyst for the next wave of groundbreaking solutions built on the XRPL, fundamentally changing how we perceive and interact with digital assets. Stay tuned for exciting developments! ✨
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