{"id":125555,"date":"2025-03-21T14:15:29","date_gmt":"2025-03-21T14:15:29","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125555"},"modified":"2025-03-21T14:15:29","modified_gmt":"2025-03-21T14:15:29","slug":"sec-dropping-xrp-case-was-priced-in-since-trumps-election-analysts","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125555","title":{"rendered":"SEC dropping XRP case was \u2018priced in\u2019 since Trump\u2019s election: Analysts"},"content":{"rendered":"

Source: Cointelegraph.com NewsCrypto investors rejoiced after one of the industry\u2019s longest-standing legal battles was overturned by the United States Securities and Exchange Commission, yet markets have seemingly accounted for the victory months ahead of the announcement, according to industry watchers.
\nOn March 19, Ripple CEO Brad Garlinghouse revealed that the SEC would dismiss its legal action against Ripple, ending four years of litigation against the blockchain developer for an alleged $1.3-billion unregistered securities offering in 2020.
\nHowever, the outcome may not be as \u201cbullish\u201d since markets may have already priced in this development since President Trump\u2019s election, according to Dmitrij Radin, the founder of Zekret and chief technology officer of Fideum, a regulatory and blockchain infrastructure firm focused on institutions.
\nRipple\u2019s CEO said the SEC is dropping its case against the blockchain developer. Source: Brad Garlinghouse\u201cYes, they are dropping the case, but there was already the appeal,\u201d he told Cointelegraph on the March 20 Chainreaction X show:
\n\u201cOne of the most talked about and oldest cases in crypto has been won. It\u2019s great for the market and Ripple as it can start its expansion in the US. But in general, it\u2019s already priced in. I don\u2019t see a big impact on price or the market.\u201d
\nXRP\/USD, 1-month chart. Source: Cointelegraph Markets ProDespite an 11% relief rally after the March 19 announcement, the XRP (XRP) token is unable to remain above the key $2.5 psychological mark. The token fell over 6.3% since March 19, Cointelegraph Markets Pro data shows.
\nRelated: Crypto market\u2019s biggest risks in 2025: US recession, circular crypto economy
\nSEC dropping Ripple case was \u201calready expected\u201d – Nansen analyst
\nOther analysts also attribute the XRP token\u2019s lack of momentum to investors expecting an end to the SEC\u2019s lawsuit against Ripple Labs, paired with generally poor market sentiment.
\n\u201cI\u2019d attribute it to the market already pricing it in as well as the general market situation,\u201d Nicolai Sondergaard, research analyst at Nansen, told Cointelegraph, adding:
\n\u201cIt was, to be honest already expected at this point and the macro environment and general uncertainty are not doing XRP any favors.\u201d
\nRelated: Bitcoin speculative appetite declines as investors seek safety
\nStill, some technical chart patterns point to a potential 75% XRP rally after the end of the SEC\u2019s lawsuit.
\nXRP\/USD weekly price chart. Source: TradingViewAs of March 21, XRP bounced after testing the triangle\u2019s lower trendline, eyeing a rise toward the upper trendline\u2014 around the apex point at the $2.35 level\u2014by April. The ultimate target for this possible breakout is $4.35 by June, up 75% from the current price levels.
\nConversely, a drop below the lower trendline could invalidate the bullish setup, setting XRP on the path toward $1.28. The bearish target is obtained by subtracting the triangle\u2019s maximum height from the potential breakdown point at $2.35.
\nDespite XRP\u2019s price trajectory, the SEC overturning the case will have a beneficial \u201clong-term effect on the market because of the narrative change,\u201d and investors\u2019 expectations of a more crypto-friendly SEC, added Fideum\u2019s Radin.
\nMagazine: SEC\u2019s U-turn on crypto leaves key questions unansweredRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsCrypto investors rejoiced after one of the industry\u2019s longest-standing legal battles was overturned by the United States Securities and Exchange Commission, yet markets have seemingly accounted for the… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125555"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125555"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125555\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125555"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}