Ripple CTO’s Final Letter to SEC Spark XRP Price Rally to $2.50
The post Ripple CTO’s Final Letter to SEC Spark XRP Price Rally to $2.50 appeared on BitcoinEthereumNews.com.
Ripple (XRP) price settled above the $2.37 mark on March 22, down 10% from the weekly timeframe tops around $2.6. Following Ripple CTO’ latest letter to the US SEC, technical indicators suggest XRP could advance above the $3.20 level on the next rebound phase. Ripple CTO sends Cross-appeal Letter to Finalise Settlement with US SEC Ripple (XRP) price has stagnated around the $2.40 level as markets digested recent regulatory development. Ripple’s long-running legal battle with the U.S Securities and Exchange Commission (SEC) came to an abrupt end on Thursday, March 19, with the regulatory agency withdrawing its appeal. Ripple (XRP) Price Action, March, 22, 2025 | TradingView Ripple has filed a cross-appeal to ensure all legal arguments are thoroughly addressed. This latest move has intensified scrutiny on the case, with investors closely monitoring XRP’s price reaction. The SEC’s initial lawsuit, filed in December 2020, accused Ripple of selling XRP as an unregistered security. While Ripple secured partial victories in court, regulatory uncertainties continue to cloud the cryptocurrency’s future. The cross-appeal signals Ripple’s intent to challenge specifics of the SEC’s claims, classifying XRP as a non-security asset to set concrete precedents for further crypto regulations. “Ripple filed a cross-appeal to ensure nothing’s left on the table, including the argument that there can’t be an ‘investment contract’ without there being essential rights and obligations found in a contract.” – Ripple’s Chief Legal Officer, Stuart Alderoty, March 2025 Ripple’s Chief Legal Officer, Stuart Alderoty, emphasises the importance of this cross-appeal letter to US SEC. At the time of publication on March 22, Litecoin (LTC), Bitcoin Cash (BCH), Solana (SOL), Cardano (ADA), Polkadot (DOT), all currently have an ETF application under-review with the SECs. If Ripple prevails, many market watchers expect this to clear barriers to approval of altcoin ETFs, while an adverse ruling…
Filed under: News - @ March 22, 2025 10:21 pm