Why XRP Price is Up Today? Ripple vs SEC Deadline Triggers Frenzy

Published by

Vignesh S G

January 15, 2025

January 15 is an important day in the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). It’s the deadline for the SEC to file its opening brief in its appeal against Judge Torres’s ruling. This date has sparked a lot of media attention, with many questioning whether the SEC will move forward with the appeal or drop it.

The XRP community is divided on this issue. Some believe the SEC may drop the appeal, while others think it will continue. Regardless of the outcome, the discussions around XRP have boosted the market. In the past 24 hours, the market has grown by 12%, outperforming nearly all the top ten cryptos. Let’s break this down further.

XRP Overview: What’s Happening in the Market

At the start of 2025, XRP was priced at $2.08. Since then, the market has surged by 36.53%. However, between January 4 and 9, the market saw a slight correction, dropping by 7.51%. But from January 10 to 11, XRP rebounded sharply, increasing by 13%. In just the last three days, XRP has grown by almost 13.79%.

Room for growth?

The Relative Strength Index (RSI) for XRP is currently at 68.96, just under the overbought level of 70. This suggests there’s still room for growth. Over the last 24 hours, XRP has outperformed the broader crypto market and nearly every top-ten cryptocurrency, including Bitcoin (+1.6%), Ethereum (+1.4%), BNB (+0.8%), Solana (+1.4%), and Dogecoin (+4.6%).

Will the SEC Appeal? Opinions Differ

Many XRP supporters think the SEC will not go through with the appeal, but some experts believe the opposite. They point to the recent changes in the SEC’s litigation team, now led by experts who are experienced with crypto cases.

Even if the SEC, under gary gensler gary gensler Gary Gensler is the chairman of the U.S. Securities and Exchange Commission (SEC). His studies in finance and blockchain at MIT have helped him develop U.S. cryptocurrency regulations and policies. Quick Facts Full name Gary Scott Gensler Birth 18-10-1957, Baltimore, Maryland, United States Nationality American Education MBA from the University of Pennsylvania Marital status Married to Francesca Danieli (1986-2006) Net worth Estimated $100 million Gensler has advocated for enhanced supervision of digital assets, seeking to regulate cryptocurrencies similar to securities. His work at the SEC has focused on safeguarding investors, regulating crypto exchanges, and establishing stablecoin policies. Gary Gensler - Career Highlights 1997 – Became Assistant Secretary of the Treasury. 2009 – Led CFTC, regulating financial derivatives post-2008 crisis. 2018 – Taught blockchain and crypto at MIT. 2021 – Appointed SEC Chairman, focusing on crypto regulations. 2022 – Proposed stricter rules for crypto exchanges. 2023 – Took legal action against major crypto firms. 2024 – Advocated for stronger stablecoin and DeFi regulations. Gary has collaborated with multiple lawmakers in formulating crypto policies. Even with disagreements with crypto investors regarding crypto policies, he continues to be a key player in the changing dynamic between regulatory frameworks and blockchain advancement. Awards & Recognitions of Gary Gensler Year Institution Description 2009 U.S. Treasury Financial Regulation Leader 2018 MIT Blockchain & Crypto Educator 2021 SEC SEC Chairman Overseeing Crypto Policies 2023 Bloomberg Most Influential Regulator in Crypto 2024 Forbes Top Policy Maker in Digital Assets Useful Links to Connect With Gary Gensler Platform Link X (formerly Twitter) twitter.com/GaryGensler CFTC website Chairman Gary Gensler Chairman decides to proceed with the appeal, the impact might be short-lived. Gensler is expected to step down soon, which could open the door for the appointment of Paul Atkins, a pro-crypto leader. Many believe Atkins would withdraw the SEC’s appeal and side with Ripple’s argument that XRP is not a security.

Also Read :
Ripple vs SEC: Gensler Set to File Opening Brief, Can New SEC Chair Override It?
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XRP’s Future: What’s Next?

XRP enthusiasts are hopeful that a leadership change at the SEC could help Ripple win this case. If the SEC drops the appeal, it would be a major victory for Ripple.

For now, XRP is benefiting from positive market sentiment, driven by both speculation and optimism about the legal situation. With its strong market performance and the potential for changes at the SEC, XRP’s future looks promising.

While there is still uncertainty about the SEC’s appeal, upcoming changes in leadership could favor Ripple. For now, XRP continues to see strong market momentum and we hope it stays that way!

FAQs

Will the SEC appeal the Ripple ruling?

The SEC’s appeal decision is uncertain, but leadership changes and market speculation suggest the appeal might be dropped soon.

Can XRP reach $3 in 2025?

With strong market momentum and potential SEC appeal resolution, XRP could see significant growth, potentially pushing past $3.

How does the SEC leadership change affect XRP?

If Gary Gensler steps down, pro-crypto leader Paul Atkins may favor Ripple, increasing chances of the SEC dropping its appeal against XRP.

Vignesh S G

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.