Macro Risks<\/strong>: Rising trade tensions and US recession fears could drag XRP to its February low of $1.7938. Conversely, easing tensions and a resilient US economy could drive XRP toward $3.<\/li>\n<\/ul>\n[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"
[ad_1] \u201cToday, Ripple moves forward\u2014stronger than ever. This landmark case set a precedent for the domestic crypto industry. With the SEC dropping its appeal, Ripple is now in the driver\u2019s seat and we\u2019ll evaluate how best to pursue our cross appeal. Regardless, today is a day to celebrate this victory.\u201d The Final Judgment and Ripple\u2019s Cross-Appeal Alderoty\u2019s statement hints at Ripple\u2019s next move: challenging Judge Torres\u2019 Final Judgment. In October 2024, Ripple responded to the SEC\u2019s Notice of Appeal by filing a cross-appeal, seeking to overturn specific rulings in the case. In August 2024, Judge Torres ordered Ripple to pay a $125 million penalty for violating US securities laws and granted the SEC injunction relief, requiring Ripple to comply with US securities laws. Speculation about a potential settlement intensified before Wednesday\u2019s announcement. Reducing or vacating the fine would strengthen Ripple\u2019s financial position while reversing the injunction would grant Ripple greater freedom in selling XRP to institutional investors. Pro-crypto lawyer Jeremy Hogan summarized the events of the day: \u201cThe SEC has apparently dropped its appeal, but we don\u2019t know if Ripple agreed to the same. This means, as far as negative outcomes, the judgment from Judge Torres is the WORST it can get ($125m plus injunction). \u201c SEC vs. Ripple: Cross-Appeal or Settlement? Hogan outlined four potential scenarios regarding Judge Torres\u2019 Final Judgment, where Ripple: Continues its appeal, and we get a ruling from an appellate court on whether investment contracts require contracts, etc\u2026 Agrees to drop its appeal, jurisdiction returns to the trial court, and the parties attempt to amend the judgment. Agrees to drop its appeal, and the parties enter into an agreement between them without trying to amend the judgment. Just pays the $125 million and moves on. Bill Morgan recently suggested that even if Ripple and the SEC settled, Judge Torres might still uphold the penalty and injunction. While the third option may be the simplest, the second option could offer the cleanest resolution from Ripple\u2019s perspective. XRP Price Outlook: Cross-Appeal and ETF Prospects On Wednesday, March 19, XRP soared 11.46%, reversing Tuesday\u2019s 2.31% loss to close at $2.5482. XRP outperformed the broader market, which gained 4.76%, taking the total crypto market cap to $2.8 trillion. While news of the SEC dropping its appeal fueled a breakout, uncertainty surrounding Ripple\u2019s cross appeal plans kept XRP below $3. Nevertheless, the SEC\u2019s decision to drop its appeal has paved the way for an XRP-spot ETF market. An XRP-spot ETF market could drive institutional demand for XRP, similar to flows into the BTC-spot ETF market. Since its launch in January 2024, the US BTC-spot ETF market has recorded total net inflows of $35.659 billion, fueling BTC\u2019s surge to an all-time high of $109,312. Key factors influencing XRP\u2019s price outlook: Ripple Cross-Appeal Strategy: A settlement could drive XRP past $3.55, while legal uncertainty might push it below $2. XRP-Spot ETF Prospects: Approval could trigger institutional inflows, supporting a move toward $5. However, legal challenges could delay the process. Macro Risks: Rising trade tensions and US recession fears could drag XRP to its February low of $1.7938. Conversely, easing tensions and a resilient US economy could drive XRP toward $3. 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