Ripple XRP/USD is trading at $2.09 after a 5.61% downturn over the past 24 hours. Doubts are rising among legal experts that recent efforts to reach a settlement with U.S. regulators will be successful.
The Securities and Exchange Commission (SEC) has joined hands with Ripple to request Judge Analisa Torres to reinitiate their indicative ruling. The request aims to overturn the injunction and lessen the monetary burdens against Ripple, releasing $50 million to the SEC from a $125 million civil penalty and returning the remaining $75 million to Ripple.
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Although the filing highlights the move toward a final settlement, legal experts remain skeptical. Lawyer Fred Rispoli has indicated disapproval of the motion’s tone and presentation, stating that it could be negatively seen in court. Legal commentator Sherrie sees a slight chance of approval while admitting the growing skepticism.
Former SEC attorneys have also voiced concerns about the case's extraordinary conditions. Judge Torres's ruling could take some time. Ripple could move to the Second Circuit in the event of a denial.
More Ripple Headlines You Should Know
Trident Digital Tech Holdings Ltd TDTH, a Singapore-headquartered firm, has declared its plans to raise $500 million to build a corporate treasury for XRP. The initiative will launch later this year while acquiring and staking XRP in collaboration with key DeFi platforms. The strategic advisory partner of this plan will be Chaince Securities LLC.
TDTH will receive the funding through equity sales, structured financing, and crypto collaborations. The market continues to remain dubious of the major drop in Trident’s shares. Trident's CEO has talked positively about the rising position of virtual currencies in rechanneling financial routes. Institutional adoption of Ripple is increasing as firms like Weebus International Ltd WETO, VivoPower International PLC VVPR, and Wellgestics Health Inc WGRX have announced similar corporate treasury plans.
USDC will be available on XRPL. The integration will permit developers and institutions direct access, with the complete exclusion of third-party bridges or intermediaries.
USDC’s rollout on XRPL marks its expansion across 22 blockchains and boosts the platform’s credibility as a scalable financial system. The move will enhance the transaction pace, smoothen transfers, and diminish the dependency on intermediaries.
Trading And Technicals
Despite positive developments in the XRP ecosystem, an RSI of 40.54 highlights minimal short-term support. The $500 million XRP treasury plan and USDC’s launch on XRPL indicate a rise in institutional trust. Ripple remains largely bullish on pushing its mainstream adoption despite the legal ambiguity from the pending Judge Torres’s ruling.
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