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    Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

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    Ripple-SEC Lawsuit Update: XRP Sales Ban May Be Lifted Soon!

    Story Highlights
    • Ripple withdrew its cross-appeal against the SEC, signaling the nearing end of their legal battle.

    • The SEC may seek to lift the injunction that restricts Ripple's direct XRP sales to institutions.

    • If the injunction is lifted, Ripple could resume institutional XRP sales, but must adhere to securities laws.

    Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC) is nearing its final stage. The company has withdrawn its cross-appeal, leading to speculation that the SEC might ask the court to lift the injunction preventing Ripple from selling XRP directly to institutional investors.

    If this happens, could Ripple restart these sales? Experts share their views on what this means for Ripple, the SEC, and the broader crypto market.

    Could Ripple vs. SEC End Soon?

    After the SEC settled its lawsuit with Coinbase, many in the crypto space wonder if Ripple’s case could also be resolved soon.

    Ripple CEO Brad Garlinghouse confirmed that the company has withdrawn its cross-appeal, signaling that the legal battle is entering its final phase.

    The SEC’s injunction has significantly restricted Ripple’s business, preventing direct sales of XRP to institutional investors.

    The legal fight began in 2020 when the SEC accused Ripple of selling XRP without proper authorization. Last year, Judge Analisa Torres of the U.S. District Court for the Southern District of New York ruled that Ripple’s institutional sales were an unregistered securities offering. However, she clarified that XRP sales on public exchanges did not fall into the same category.

    The SEC has not yet confirmed whether it will request the court to lift the injunction.

    Experts Weigh In: Will Ripple Resume Institutional Sales?

    Legal expert Fred Rispoli believes that if the court removes the injunction at the SEC’s request, Ripple could restart institutional sales. However, he emphasizes that the company must comply with securities laws.

    He says: “Ripple’s institutional XRP sales still must conform to securities law but can now sell to say, hedge funds or private equity firms directly instead of to OTC desks first.”

    Meanwhile, crypto lawyer Bill Morgan pointed out on X that the court’s original ruling remains unchanged despite Ripple dropping its cross-appeal.

    XRP Community Reacts

    While some XRP supporters see Ripple’s decision as a positive step, others remain uncertain about how it will affect XRP’s future.

    Currently, XRP is trading at $2.47, reflecting a 6.6% increase over the past week and a 280.2% surge in the past year. At the start of this month, XRP was priced at $2.14602, meaning it has risen nearly 14.98% since then. However, it is still 18.73% below this month’s peak.

    Ripple’s withdrawal of its cross-appeal is a key moment in its legal fight with the SEC. If the injunction is lifted, the company could resume institutional sales, but it must still comply with securities laws.

    The XRP community remains divided – some are optimistic about XRP’s growth, while others remain cautious due to regulatory uncertainty. Ripple’s next moves and the SEC’s decision will play a crucial role in shaping XRP’s future.

    Whatever happens, you can’t deny, this whole Ripple saga? It’s been a wild ride for everyone watching.

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    FAQs

    XRP price prediction for March 26th, 2025?

    According to the XRP price analysis done by our expert panel, the XRP price today could go as high as $2.549.

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    By 2030, XRP may trade between $16.92 and $26.97, driven by institutional adoption, CBDC development, and Ripple’s expansion in global payments.

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