SEC Pause in Ripple Appeal Sparks 150% XRP Price Surge Hopes

The Securities and Exchange Commission's (SEC) decision to pause its appeal in the ongoing legal battle with Ripple has ignited speculation about the possibility of an XRP Exchange-Traded Fund (ETF). This move has been interpreted by many as a positive sign, suggesting that the SEC may be open to a settlement or a more favorable outcome for Ripple. The pause in the appeal process has sparked optimism among investors, with some analysts predicting that the price of XRP could surge to $3.

Ripple’s Chief Legal Officer confirmed the deal terms, cutting the original $125 million penalty to $50 million and potentially lifting restrictions that blocked institutional access to XRP. Analysts say the legal victory marks a critical turning point, potentially setting the stage for an XRP ETF approval in the U.S.—a key driver for mainstream adoption. The recent actions of large XRP holders, often referred to as "whales," have also contributed to the bullish sentiment. Despite a drop in the price of XRP following a significant rally, data indicates that these whales have continued to accumulate the cryptocurrency. The number of wallets holding between 1 million and 10 million XRP has decreased slightly, but this has been offset by an increase in wallets holding between 10 million and 100 million XRP. Additionally, the number of wallets holding more than 1 billion XRP has increased, suggesting that the largest investors are doubling down on their positions.

The cumulative XRP held by these large investors has also increased significantly, rising from 45.44 billion to 46.7 billion tokens. This trend indicates a strong conviction in the long-term potential of XRP, despite short-term price volatility. The resilience of these large holders is seen as a bullish indicator for the future price of XRP, as it suggests that there is significant support for the cryptocurrency even in bearish market conditions. The potential for an XRP ETF has also been a topic of discussion among analysts. According to some forecasts, if an ETF is approved, it could drive significant demand for XRP, potentially pushing the price to new highs. The SEC's decision to pause its appeal has been seen as a step in the right direction, as it could pave the way for a more favorable regulatory environment for cryptocurrencies.

However, it is important to note that the approval of an XRP ETF is not guaranteed, and there are still significant regulatory hurdles to overcome. The SEC has a history of being cautious when it comes to approving cryptocurrency-related financial products, and it remains to be seen whether the agency will ultimately approve an XRP ETF. The crypto market is buzzing with fresh XRP ETF optimism after the SEC paused its appeal. Ripple’s legal victories and ETF traction are bringing institutional interest to new highs. While short-term volatility remains, the groundwork is being laid for XRP to test—and potentially surpass—the $3 level soon.