In the ongoing Ripple 
$1-SEC legal battle in the United States, a new development has taken place. Judge Analisa Torres has denied the parties’ joint request for an “indicative ruling,” thereby maintaining her previous decision. The case will adhere to its appeals schedule. Legal experts assert that this decision will not halt XRP secondary market transactions or affect a potential ETF process.
Joint Request Denied: Appeals Path Remains Open
The joint request by Ripple and the SEC sought the court’s relaxation on a previous ruling. However, Judge Torres stated there was “no fact warranting reconsideration,” leaving the case status unchanged. The decision keeps any potential changes to the case on hold for now, as the schedule for an appeal remains intact.
Ripple and the SEC presented their application together, resulting in a ruling from the same federal courtroom. Legal expert Fred Rispoli emphasized that the current injunction would only be enforced at the SEC’s discretion, allowing XRP to continue trading freely in secondary markets.
While the judge’s rejection does not accelerate the appeals process, it limits uncertainty by not allowing the submission of new documents. XRP investors are closely monitoring the SEC’s potential enforcement strategies as much as the final ruling. The altcoin‘s price remains responsive to legal news for now.
High Probability of XRP ETF Approval Still Remains
Bloomberg analysts have raised the probability of an XRP ETF approval to 85% within the year. The optimism stems from increasing market value, strengthening investor demand, and expectations that regulatory uncertainty will diminish. The judge’s rejection did not weaken expectations but rather clarified the legal timeline.
Rispoli highlighted that the SEC could provide Ripple with necessary exemptions, paving the way for ETF approval. As long as the U.S. regulator does not enforce measures, XRP’s liquidity remains intact, preventing potential ETF applications from facing technical hurdles. The current investor expectation is for the ETF to be approved independently of the lawsuit.
Meanwhile, due to XRP’s free float in the market, institutional players continue to take early positions. Reports suggest that fund issuers are preparing registration documents without awaiting the court outcome. This prevents the disconnection between expectations and price.
