The SEC’s January 15 deadline for the Ripple appeal has garnered attention, sparking speculation that the appeal might not move forward.
XRP/USD has experienced significant upward momentum lately, with Coingape data revealing a 5.94% increase in the past 24 hours. All eyes are now on the SEC’s January 15 deadline to submit its opening brief in the appeal against Judge Torres’ decision in the Ripple case. Speculation is growing that the SEC may choose not to proceed with the appeal.
The price surge is further bolstered by substantial net outflows of XRP from major exchanges. Binance recorded outflows of $82 million, Bybit $63 million, and OKX $59 million. Meanwhile, U.S. investors on Coinbase have adopted a more cautious approach, with inflows surpassing $65 million.
The approaching SEC deadline has ignited discussions within the XRP community. While some speculate the SEC might forgo the appeal, retired securities lawyer Marc Fagel provided insight into litigation norms. He remarked that delays in filing briefs are commonplace, stating: “In 30 years of litigation, I’ve almost never seen a lawyer file a brief before it was due.”
XRPUSD Demonstrates Bullish Momentum Following a Bounce
On the H1 chart, XRPUSD rebounded from 2.33000, initiating a robust bullish move on Monday. After a brief bearish pullback and consolidation, a bullish engulfing candle formed near 2.50000, signaling further upward momentum. Since then, the price has been climbing steadily. The 2.60000 level may serve as a resistance point, with a bullish breakout at this level potentially accelerating momentum on intraday charts.
Why Is XRP Rising Today?
XRP’s recent rise may be attributed to the $2 level acting as a significant psychological support. Additionally, market focus is on the SEC’s January 15 deadline to file its opening brief in the appeal against Judge Torres’ ruling in the Ripple case. Speculation is growing that the SEC may not pursue the appeal further.
What Could XRP’s Price Be in 2025?
Price projections for XRP in 2025 vary greatly. Conservative estimates predict a range between $1.35 and $2.50, while analyst Levi Rietveld suggests a higher range of $20–23. More optimistic forecasts even project prices reaching as high as $70.
Does XRP Have Long-Term Potential?
XRP seems to have significant long-term potential, especially within the fintech industry. Its established role in cross-border payments and expanding partnerships across regions like Asia, Africa, and Latin America suggest that it could continue to grow. By 2027–2028, further integration into traditional financial systems could further bolster its position in the market.
Is $500 Realistic for XRP?
A $500 price for XRP seems improbable in the near term, as it would require a market capitalization of $26 trillion, which is far beyond current expectations. More realistic projections place XRP’s target between $15 and $25 by 2030. According to Grok AI, a $500 price could become possible only if XRP achieves widespread adoption for global payments after 2030.
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