[ad_1]
SEC Court Filing Crucial for XRP-Spot ETF Market
Following Judge Torres’ ruling, investors await the SEC’s second settlement letter filing, addressing the issues raised by the court. These issues include filing a request for an indicative ruling under rule 60 and convincingly arguing that lifting the injunction and reducing the penalty serves institutional investors and the public.
Developments in the Ripple case remain crucial for the approval of the pending XRP-spot ETF applications. Several XRP-spot ETFs have intermediate deadlines coming up in the week ahead. Thursday’s court ruling will likely shut the door on any surprise approvals. While investors expect the SEC to delay its decision, XRP may still face selling pressure.
XRP demand, however, could rebound if the SEC delivers a convincing argument for the court to lift the injunction and lower the penalty. Amicus Curiae attorney John E. Deaton recently remarked that the SEC would need to publicly admit its position in the case was flawed and that XRP is a commodity, not a security.
Such admissions would be significant for XRP and the broader crypto market and potentially for Judge Torres, fuming over the shift in the agency’s stance after five years of legal battles.
Market Bets and Outlook
Despite Thursday’s ruling, the chances of an XRP-spot ETF approval remain elevated. Polymarket places the approval odds by December 2025 at 83%, up from 68% on April 22 but down from 87% on March 23.
XRP Price Outlook: Legal Moves and ETF Progress in Focus
XRP’s near-term path hinges on developments in the Ripple case and spot ETF-related news.
[ad_2]
