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Elena R
Elena R
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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
- Dec 30, 2024 11:47 UTC
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XRP ETF Likely in 2025? Ripple vs SEC Lawsuit Reaches Critical Turning Point
The SEC's potential appeal delay for its Ripple lawsuit fuels speculation that the incoming pro-crypto administration might drop the case.
A resolution, especially with a dismissal of the SEC's appeal, could provide much-needed clarity on XRP's regulatory status.
The potential for XRP ETF approvals, coupled with a broader bullish sentiment in the crypto market could be positive for XRP price.
The XRP community is eagerly awaiting the U.S. Securities and Exchange Commission (SEC) appeal deadline on January 15, 2025. This date could play a crucial role in determining XRP’s future and its chances of securing an exchange-traded fund (ETF). In November, the SEC requested an extension to file its appeal by early January, sparking speculation that the delay was tied to the U.S. election results.
ApA New Direction for the SEC?
With a pro-crypto Trump administration set to take office and Paul Atkins expected to lead the SEC, doubts are growing about whether the agency will pursue the appeal. This change in leadership could signal a turning point for Ripple and the broader crypto market.
Ripple’s Chief Legal Officer, Stuart Alderoty, has urged the incoming administration to end the SEC’s four-year legal battle with Ripple. He believes a crypto-friendly SEC chair like Atkins could restore trust in the industry and bring much-needed regulatory clarity.
XRP Approval On the Way?
If the SEC drops its appeal, it could clarify XRP’s classification as a non-security, significantly boosting its chances for ETF approval—a milestone the crypto community has been waiting for. So far, only Bitcoin and Ethereum ETFs have received approval, as these assets are not classified as securities.
Hopes are high that the new administration will approve several altcoin ETFs in 2025, including Solana and XRP. Companies like Bitwise, Canary Capital, 21Shares, and WisdomTree have already submitted XRP ETF proposals. Prediction platform Polymarket currently estimates a 75% chance of an XRP ETF being approved in 2025.
Bullish Outlook
Will XRP Prices Soar?
The market sentiment among XRP holders is optimistic, with expectations of a rally fueled by either an ETF approval or the anticipated 2025 altcoin season. Analysts predict that an approved ETF could push XRP’s price above $5, making the wait worthwhile for investors.
Adding to this bullish outlook, crypto analyst Lark Davis recently shared an optimistic market forecast on X (formerly Twitter).
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As the January 15 deadline approaches, all eyes are on the SEC’s next move. Will the new administration’s pro-crypto stance lead to regulatory clarity and ETF approvals? For XRP holders, 2025 could be a transformative year!
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