News View Non-AMP

XRP Holders, Rejoice! SEC’s Chances of Winning Appeal Are Just 9%, Not 90%

Published by
Mustafa Mulla

The Ripple vs SEC saga has kept the entire crypto world in a chokehold. However, what’s worse is that XRP, the digital asset at the heart of the controversy, remains under pressure due to the looming threat of an SEC appeal against the recent Programmatic Sales ruling.

With nine days already passed since the final judgment, SEC’s deafening silence has sent shockwaves through the market, leaving investors and traders on edge.

What’s next? Debates, tensions, and speculations are heating up. Read on for clarity.

Will the SEC Win the Appeal?

The debate gained traction when Dennis Kelleher, CEO of Better Markets, confidently claimed on Twitter that the SEC has a 90% chance of winning its appeal against Ripple. Kelleher criticized the judge’s decision, arguing it unfairly favored sophisticated investors over everyday retail buyers—a view he said many judges had rejected.

Pro-XRP Lawyer Pushes Back

Pro-XRP lawyer Bill Morgan quickly challenged Kelleher’s view on Twitter. He pointed out that not all judges have dismissed the reasoning used by Judge Torres in the Ripple case. Morgan highlighted that Judge Jackson, who is overseeing the Binance case, also supported the distinction between institutional investors and retail buyers, similar to Judge Torres.

This contrasts with Judge Rakoff’s ruling in the Terraform case, which rejected such a distinction. Morgan argued that with at least two judges supporting this approach, the SEC’s chances of winning the appeal could be closer to 9%, not the 90% suggested by Kelleher.

XRP Poised for Major Breakout

Amid the ongoing legal tensions, XRP’s price action is approaching a critical point. The cryptocurrency is showing signs of a potential breakout from a long-standing triangle pattern.

However, prominent crypto analyst Dark Defender has noted the formation of a bullish hammer candle on the monthly chart, signaling potential upward momentum. If a breakout occurs, targets of $1.00, $1.40, and $1.88 have been suggested.

Currently, XRP is trading at $0.57, marking a slight surge in the last 24 hours with a market cap of $31.8 billion. 

Will XRP finally break free from the SEC’s shadow and soar to new heights? Only time will tell.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Why Crypto Is Down Today: Market Drops to $2.65T Amid U.S. Tariff News

The crypto market has hit a rough patch, sliding to $2.65 trillion after a 1.02%…

April 4, 2025

Fed Rate Cut Decision in Focus Amid Crypto Volatility and Recession Fears

Crypto markets experienced sharp ups and downs on Wednesday and Thursday ahead of President Trump’s…

April 4, 2025

Zoomex Review: The New Crypto Exchange with Many User-Focused Features

Since launching in 2021, Zoomex has quickly made a name for itself as a crypto…

April 4, 2025

Bitcoin Price Prediction 2025- BTC Price May Revamp Bull Run Only After Reaching These Levels

The crypto markets were heavily consolidating ahead of Trump’s Liberation Day, where new tariffs were…

April 4, 2025

Ripple Lawsuit Ends: Pro-XRP Lawyer John Deaton Revisits XRP Delisting Amid Coinbase Futures Filing

In a major development for the crypto market, Coinbase Derivatives has filed with the Commodity…

April 4, 2025

Nomy Finance’s Venture Division Surpasses $691 Million in Assets Under Management, Fueling Blockchain Innovation

Nomy Finance has announced that its venture division has surpassed $691 million in assets under…

April 4, 2025