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“Is it really hard to make the move now if the Commissioners can vote 3-1 to dismiss. I am suspicious. For one thing the delay is forcing Ripple to spend money preparing its opening brief. Something about fool me once shame on you, fool me twice etc.”
With multiple court filings expected in April 2025, Commissioner Hester Peirce’s Crypto Task Force will remain under the spotlight. A case dismissal before Atkins’ confirmation could fuel speculation about the SEC withdrawing its appeal, challenging the Programmatic Sales of XRP ruling.
However, uncertainty persists, and XRP’s price action reflects investor caution.
XRP Price Trends: Uncertainty Leaves XRP in a Rut
On Tuesday, February 11, XRP fell 0.46%, partially reversing Monday’s 1.25% gain to close at $2.4132. XRP outperformed the broader market, which declined by 1.22% to a total crypto market cap of $3.1 trillion.
A delay in the SEC’s appeal decision in the Ripple case may have significant consequences. Legal fees continue to rise and progress toward a US XRP-spot ETF market remains uncertain. Recent price trends indicate a wait-and-see market stance, with XRP moving in tight ranges for four successive sessions.
Key Price Scenarios:
- Bullish Case: If the SEC withdraws its appeal, XRP could rally past its all-time high of $3.5505.
- ETF Catalyst: Approval of an XRP-spot ETF may drive XRP toward $5 on rising institutional demand.
- Bearish Case: If the SEC proceeds with the appeal, XRP could slide below $1.50.
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