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    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.

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SEC vs Ripple: Case Insiders Confirm the End is on Horizon to Pave Way for Mainstream Adoption of $XRP

Story Highlights
  • The odds of spot XRP ETF approval in the United States by the end of 2025 surged by 4% today to about 74%.

  • The imminent closure of the SEC vs Ripple lawsuit, including the possible removal of the ongoing injunction, will be a major boost for the XRP market.

After more than three years of legal battles, the XRP global community is highly anticipating the imminent closer of the U.S. SEC vs Ripple Labs case under Donald Trumpโ€™s administration. The partial victory delivered through the landmark ruling by Judge Analisa Torres on July 13, 2023, did not fully quench the Ripple community, thus leading to the ongoing appeal to counter SECโ€™s.

Moreover, Rippleโ€™s XRP sales to institutional investors were deemed to have violated securities laws, thus leading to the permanent injunction in the ruling. 

Ripple Fights for a Better Future

According to a report by Eleanor Terrett, two close sources with the ongoing SEC vs Ripple case confirmed that the โ€˜case is in the process of wrapping up and could be over soonโ€™.

As previously predicted, Ripple has been negotiating with the current SEC administration to have the existing permanent injunction on XRP sales to institutional investors dropped.

Moreover, the U.S. Congress is in the process of drafting and rolling out clear crypto regulations, which means Ripple was unfairly treated in the ruling that fined it $125 million.

โ€œAccepting the Torres ruling as it stands would mean that Ripple is essentially agreeing to admit to wrongdoing โ€” but now the SEC itself is seemingly unsure whether any wrongdoing occurred,โ€ Terrett noted.

Impact on the XRP Market

The recent announcement by President Donald Trump that XRP will be among the digital assets encompassing the countryโ€™s strategic crypto reserves rejuvenated the demand by institutional investors. Additionally, the current SEC administration has dropped charges for several crypto firms that were persecuted under Bidenโ€™s administration.

As a result, the XRP price has confirmed a bullish breakout from a multi-year consolidation following the palpable pump in the past five months.

From a technical analysis standpoint, XRP price could be preparing for a major bullish breakout toward price discovery in the coming months.

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