Ripple, SEC Pause Case; XRP Jumps 13% on Optimism
Key Takeaways
Ripple and the U.S. Securities and Exchange Commission (SEC) have agreed to a 60-day pause in their long-standing legal dispute. The reason is the upcoming swearing-in of the new SEC Chair, Paul Atkins. In the meantime, Ripple is gaining market value and strategic importance. The price of XRP rose by 13%, supported by a new acquisition and potential partnerships with U.S. banks.
Background: Ripple vs. SEC
Since 2020, Ripple has been under scrutiny by the SEC, which alleges that the company offered unregistered securities through the sale of XRP. The case is considered a landmark for cryptocurrency regulation in the United States.
Both parties have now agreed to a 60-day delay. The goal is to finalize an out-of-court settlement. However, this requires approval from the new SEC Chair, Paul Atkins, who has been confirmed but not yet officially sworn in. The agreement can only be finalized after this formal step.
Market Reaction: XRP on the Rise
While legal uncertainty is temporarily on hold, the market is responding positively. The price of XRP rose by 13% within a week. The increase was driven not only by the legal reprieve but also by the acquisition of Hidden Road, a prime broker with over 300 institutional clients.
This acquisition could help Ripple expand its network for cross-border payments. Integrating institutional trading volumes into the XRP Ledger would strengthen the real-world use of the blockchain.
Strategic Focus: Targeting Banks
Ripple is increasingly focusing on partnerships with established financial institutions. One example is its collaboration with Chipper Cash, a payment service provider focused on Africa. Even more significant, however, would be a breakthrough in cooperation with U.S. banks. Such partnerships could establish XRP as a bridge currency in international payments.
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There is also growing speculation about a possible XRP ETF (Exchange Traded Fund). Such a fund would make it easier for institutional investors to access XRP and further boost demand.
Technical Analysis: Consolidation After Rally
At the time of analysis, the XRP price stood at USD 2.10. Technical indicators show a mixed picture:
- MACD (Moving Average Convergence Divergence): The indicator has turned positive, suggesting the start of an upward trend. However, the momentum remains weak.
- RSI (Relative Strength Index): At 48.39, the RSI is in the neutral zone, indicating that XRP is neither overbought nor undervalued.
A breakout above the USD 2.20 mark could provide new momentum. However, if the price falls below USD 2.00, short-term selling pressure may emerge.
Our Assessment
The 60-day delay in the proceedings between Ripple and the SEC gives both parties time to reach an out-of-court settlement. For XRP investors, this is a positive signal as it reduces uncertainty. At the same time, Ripple is strengthening its market position through targeted acquisitions and partnerships.
However, the price performance remains dependent on two factors: the actual settlement with the SEC and success in integrating institutional financial players. In the short term, XRP is stable but not yet in a clear upward trend. Investors should closely monitor the coming weeks—especially the swearing-in of Paul Atkins and any announcements regarding bank partnerships.
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