After more than three years of legal battles, the XRP global community is expecting an imminent closer case in the American SEC VS Ripple Labs case under the administration of Donald Trump. The partial victory awarded by the historic decision by judge Analisa Torres on July 13, 2023, did not completely extinguish the Ripple community, thus leading to the current appeal to counter the dry.
In addition, Ripple XRP sales to institutional investors have been deemed to have violated the securities laws, thus leading to the permanent injunction in the decision.
Ripple fights for a better future
According to a report by Eleanor Terrett, two narrow sources with the current case dry vs Ripple confirmed that the “case was ending and could be finished soon”.
As planned previously, Ripple negotiated with the current dry administration so that the existing permanent injunction on XRP sales to institutional investors has dropped.
In addition, the US Congress is writing and deploying clear cryptography regulations, which means that Ripple was unjustly treated in the decision that inflicted it on a fine of $ 125 million.
“Accepting Torres’ decision in the state would mean that Ripple essentially accepts to admit reprehensible acts – but now the dry itself is apparently uncertain if reprehensible acts have taken place,” noted Terrett.
Impact on the XRP market
The recent announcement of President Donald Trump that XRP will be one of the digital assets encompassing the strategic reserves of crypto in the country rejuvenates the demand of institutional investors. In addition, the current dry administration has abandoned the costs for several crypto companies that have been persecuted under the Biden administration.
Consequently, the XRP price has confirmed an upward escape from multi -year consolidation after the palpable pump in the last five months.
From the point of view of technical analysis, the XRP price could prepare for a major bullish escape towards the discovery of prices in the coming months.