SEC Lawsuit Nears End – But the Market Remains Under Pressure
The Ripple community is on edge. The long-standing legal battle between Ripple and the SEC is entering its final stage, with a decision expected within the next 60 days. This development has revived hopes for an XRP ETF approval, injecting a modest dose of optimism into the market.
XRP Losing Ground – Down 35% Since January
Despite its strategic inclusion in the U.S. government reserve alongside Bitcoin, Ethereum, Cardano, and Solana, XRP’s price has dropped by 35% since the beginning of 2025. This makes it one of the worst-performing major cryptocurrencies in that time frame.
Investors Are Betting Against XRP
Market sentiment is worsening. Data from Polymarket shows that the probability of XRP reaching a new all-time high by July has dropped from 90% to just 4% after Donald Trump’s inauguration. This is the lowest level of confidence in XRP’s growth recorded during the first half of the year.
Massive 40 Million XRP Withdrawal from Bithumb
According to Whale Alert, 40 million XRP worth over $83.5 million were withdrawn from the South Korean exchange Bithumb and transferred to an anonymous wallet. This massive transaction raises questions – is it a strategic move for long-term holding, or a sign of an imminent selloff?
Peter Brandt: XRP Could Fall to $1.07
Influential analyst Peter Brandt expressed skepticism about XRP’s future, comparing it to “Beanie Babies” and “Pet Rocks” – symbols of exaggerated speculation with no real value.
Your favorite Beanie Baby / Pet Rock crypto is showing a classic H&S pattern. If it doesn’t break $3.00, expect a drop to $1.07. Argue with Magee and Edwards, not me.
The technical pattern Brandt observes – a complex head-and-shoulders (H&S) – suggests a potential drop unless XRP surpasses $3, which analysts consider a critical resistance level.
Conclusion:
Despite positive progress in the SEC case and ETF hopes, XRP faces serious market challenges. The large withdrawal from an exchange, bearish investor sentiment, and Peter Brandt’s bleak forecast all point to continued volatility for the cryptocurrency.
A breakout above $3 could shift the narrative, but for now – caution remains the prevailing sentiment.
Frequently Asked Questions
Find answers to the most common questions below.
A decision is expected within the next 60 days, marking the final phase of the long-standing legal battle.
Despite strategic developments, market sentiment has weakened due to legal uncertainty, lack of bullish momentum, and broader crypto market conditions.
Brandt warns of a potential drop to $1.07 if XRP fails to break above the $3.00 resistance, based on a Head & Shoulders chart pattern.
It has raised concerns over a potential sell-off or institutional accumulation, adding volatility to market sentiment.
While there is optimism, approval depends on regulatory developments and the outcome of the Ripple vs SEC case.
This article is for general informational purposes only and is not intended to be, nor should it be considered, legal or investment advice.
