XRP Price Pumps As Judge Torres Rejects SEC Motion To Appeal Ripple Ruling

Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
James Spillane
Author Categories
About Author

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

US District Judge Analisa Torres has rejected the U.S. Securities and Exchange Commission’s motion to appeal in the ongoing Ripple lawsuit.

Widely-followed crypto Twitter account db (@tier10k) posted the breaking news, causing an immediate 5% spike in the XRP price.

Judge Rejects SEC Appeal vs Ripple

View the October 3rd order on courtlistener.com, at the bottom of page six.

‘The SEC’s motion for certification of interlocutory appeal is DENIED, and the SEC’s request for a stay is DENIED as moot.’

Read our early September coverage of Ripple Labs objecting to the the SEC’s motion to appeal here.

XRP Price Spikes

The XRP price hit an intraday high of just under $0.55 at the time of writing, now trading back above the 200 daily EMA.

On July 13th the XRP price spiked to $0.96 when it was first ruled by Judge Torres that XRP is not a security – a retest of that high would be a close to an 80% move for XRP from its price today.

FXStreet today posted a bullish XRP price prediction, based on the token printing higher highs and higher lows on the four hour chart.

Read our own October 2nd XRP price analysis here.

Ripple Jury Trial Date Set

The Ripple jury trial date has also been set for April 23, 2024.

This is a developing story. 

Best Crypto To Buy Now?

As this latest round of SEC vs XRP news is digested by the market, XRP may be one of the best cryptos to watch in the coming days.

Analysts at CryptoNews added XRP to a curated list of the best coins to invest in, which in total features over 15 assets, including some emerging projects.

 

More Articles

Industry Talk
Meme Coin Market Plunges, But Could This Be the Setup for an Explosive Rebound?
Alejandro Arrieche
Alejandro Arrieche
2025-02-06 16:47:46
Features
Can Ondo’s Global Markets Take on Giants Like BlackRock in Tokenized RWA Race?
Olga Primakova
Olga Primakova
2025-02-06 16:46:37
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors