$125M XRP is on the way to solve the high-profile Ripple vs. SEC case forever, but more setbacks lie ahead.
As the global crypto & stock markets got hit with Donald Trump’s tariff uncertainty again, most blue-chip altcoins followed Bitcoin’s (BTC) path to a drastic correction. Ripple (XRP) got caught up in this storm, tumbling below $3 for the first time since July 16, 2025.
Liquidation Abnormality Burns XRP Bulls
Naturally, the all-round market downturn resulted in a tsunami of liquidations for the bulls, as most XRP believers expected XRP’s price to find its foot at the $3 threshold. Looking at the daily stats on CoinGlass, it’s clear that XRP crypto bulls were taken by surprise, accounting for $40.32 million out of $41.79 million in 24-hour liquidations.
Even though today’s trading volume on Perpetuals soared by 31.32% to $13.92 billion, the positive funding rate & high volumes couldn’t prevent the abnormality in liquidations, of which 99.9% were long plays on Ripple’s (XRP) price.
Besides, the Spot market trades didn’t pick up pace with Derivatives, as XRP’s Ledger registered $7 billion on Friday, considerably less than the usual $10 billion in recent weeks.
Can Ripple vs. SEC Case Be Solved Soon?
Currently, both the United States Securities and Exchange Commission (SEC) & Ripple Inc. have expressed interest in dropping their appeals, but this hasn’t been done officially yet. In short, the $150 million of Ripple (XRP) coins in escrow is bound to arrive in the United States Treasury as soon as appeals from both sides are factually dismissed.
So, the final settlement of the 6-year old Ripple vs. SEC case hinges on the SEC’s willingness to withdraw their appeal. This could be a process of a few weeks or even months, as such decisions require an official voting between board members.
This week, SEC’s Chair Paul Atkins introduced a new regulatory initiative dubbed “Project Crypto”, aimed at modernizing the U.S. securities legislation – something Ripple (XRP) enthusiasts have been pushing for for ages, paving the way for the Ripple-native stablecoin RLUSD to become a top player in cross-border markets along with XRP coin.
Discover DailyCoin’s hottest crypto news:
BTC, ETH, XRP, SOL React to Trump’s Tariff Shock
Shiba Inu Fever Grips Coinbase Whales: Monster Rally Looming?
