Ripple remains at the center of a storm: the legal battle with the SEC (US Securities and Exchange Commission) seems never-ending, but the XRP community still has reasons to remain optimistic. One factor could push the token as high as $8. However, the discrepancy between regulatory challenges and optimistic projections raises a question: will XRP withstand the pressure or will we see a new rally?👈#DeepSeekImpact
The SEC has even removed the lawsuit against Ripple from its official website—is this a sign of a settlement? Definitely not. The agency is still fighting the case: after the federal court defeat, it filed an appeal on January 15, 2025, to try to reverse the decision in favor of Ripple. Now, the company has until April 16, 2025, to present a solid defense.👀#MicroStrategyAcquiresBTC
But why doesn’t the SEC simply back down? Experts say dropping the case would be politically disastrous. Already criticized for its aggressive stance against cryptocurrencies, the SEC can ill-afford to weaken its position in such a high-profile case. Furthermore, the agency’s acting chairman, Mark Uyeda, has neither the authority nor the inclination to end such a controversial case.
“Cases of this magnitude are decided by the official SEC chairman, who will only be confirmed in April,” explains XRP community member Sherry.🤨
