XRP News: SEC Appeal Deadline of January 15th Fuels Buying Pressure and Market Optimism

Ripple’s XRP has managed to stand out in a predominantly bearish crypto market, recording a 4% weekly gain while other top assets struggled. 

With significant investment inflows and growing bullish sentiment, XRP investors are closely monitoring the January 15 deadline for the SEC to file its opening brief in its appeal against Judge Analisa Torres’ landmark ruling in the Ripple vs. SEC case.

XRP-focused Investment Products Witnessed $41 Million

According to data from CoinShares, XRP-focused investment products witnessed $41 million in inflows last week, underscoring increasing investor confidence in the asset. 

This influx helped XRP maintain its upward trajectory, even as most top-20 cryptocurrencies by market cap posted losses.

Sources: CoinGlass

Moreover, XRP saw net outflows across major exchanges, a trend signaling rising bullish sentiment. Binance, Bybit, and OKX collectively recorded outflows of $204 million, suggesting that investors are moving their XRP holdings off exchanges—a common indicator of long-term holding strategies. 

Read Also: XRP to USD: Convert Ripple to US Dollar

Conversely, Coinbase, primarily serving US-based investors, saw $65 million in inflows, highlighting cautious optimism among American traders.

SEC Appeal Deadline: Implications for XRP

The SEC’s failure to file its opening brief thus far has fueled speculation within the XRP community about whether the regulatory body will proceed with its appeal. 

However, retired securities lawyer Marc Fagel provided a dose of realism, noting that delays in filing briefs are typical in litigation.

Read Also: Ripple (XRP) Price Prediction 2025, 2026-2030 and 2031-2035

“In 30 years of litigation, the number of times I saw a lawyer file a brief before it was due was roughly zero,” Fagel remarked on X.

Fagel also pointed out that the SEC could still choose to dismiss the appeal under a new administration, though he described such a move as “highly unusual.”

The SEC’s leadership transition may also play a pivotal role in the case’s trajectory. 

With Gary Gensler and Commissioner Caroline Crenshaw set to step down on January 20 following Donald Trump’s inauguration, pro-crypto advocate Paul Atkins is expected to take the helm, potentially signaling a more favorable regulatory climate for XRP and the broader crypto market.

Bullish Momentum for XRP

XRP’s recent breakout above a bullish pennant pattern offers strong technical indicators for a potential rally. 

The token has liquidated $20.83 million in futures positions over the last 24 hours, reflecting increased trading activity and leveraged bets on its price movement.

Sources: TradingView

Key technical levels include

Resistance: $2.90 (six-year high)

Support: $2.00 psychological level

If XRP sustains its breakout and holds above the pennant’s upper boundary, analysts predict a possible rally to $4.50, representing an 80% increase from its current levels. 

Indicators such as the Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are both above neutral, further affirming bullish momentum.

However, a daily close below $1.96 would invalidate this bullish outlook, potentially triggering a retest of lower support levels.

Read Also: How to Buy XRP?

Conclusion

As the January 15 SEC appeal deadline approaches, XRP price action reflects growing confidence among investors, buoyed by robust inflows and positive technical indicators. 

Should the SEC move forward with its appeal, the outcome will likely have far-reaching implications for XRP and the broader cryptocurrency market.

In the meantime, XRP remains one of the most promising assets in the crypto space, with both its technical setup and market fundamentals suggesting significant upside potential.

Read more about XRP: 

XRP (XRP) Price Today

How to Stake XRP (XRP)

XRP to USD: Convert Ripple to US Dollar

FAQs

What is the significance of the January 15 SEC appeal deadline for XRP? 

The January 15 deadline marks the SEC's last day to file an opening brief in its appeal against Judge Torres’ ruling in the Ripple vs. SEC case. This decision could shape the regulatory outlook for XRP and influence its market dynamics significantly.

How is the XRP market reacting to the SEC appeal news?

XRP has seen a 4% weekly price gain, $41 million in investment inflows, and net outflows from major exchanges like Binance and OKX, signaling growing bullish sentiment and long-term holding strategies among investors.

What are the current technical levels and predictions for XRP's price?

XRP's resistance is at $2.90, while support is at $2.00. If it maintains momentum above the bullish pennant pattern, analysts predict a rally to $4.50. However, a drop below $1.96 could lead to a retest of lower levels.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.