XRP Price Quakes: “Decisive Evidence” Reaches SEC Out Of Blue

Ripple’s lawsuit gets an uncanny filling from a third party crypto enthusiast urging the SEC to change ways of assessment.

Three scammers hovering on XRP coins under price within a dark and stormy sky.
Created by Gabor Kovacs from DailyCoin

Ripple (XRP) coin has been at the center of attention so far in 2025, starting the year off with a tremendous XRP price rally to $3.35. The bull race was fueled with positive momentum after the Securities and Exchange Commission’s (SEC) favorable ruling, which was made known to the public back in January.

Not All Bases Covered In Ripple vs. SEC Case

Both parties agreed to settle for $50 million instead of the initial $125 million fine for Ripple, the original XRP coin issuer. This would allow Ripple & the associated XRP Ledger chain to build institutional relationships and accelerate banking integration, including potential SWIFT integration.

However, multiple pullbacks followed later, including Judge Analisa Torres’ dismissal of a mutual SEC & Ripple motion for allegedly “improper” legal process. Additionally, the SEC has dragged feet on Ripple exchange-traded fund (ETF) applications, with Bitwise’s 10 Crypto mixed fund getting postponed just yesterday.

Sponsored

Intriguingly, a new set of supposedly “decisive evidence” arrived on the SEC’s table from a third party a few days ago. A crypto enthusiast named Justin W. Keener claims to have evidence that the Howey test, invented in the 1940s, should be replaced with a modern enforcement approach.

True Intentions Behind The Bizzare XRP Motion

Mr. Keener’s rant on the dubious interpretation of the Howey test by courts, as well the Securities and Exchange Commission’s (SEC) 3-month assessment period. Interestingly, the claim received mixed reviews among XRP Army members, with many refuting his arguments as irrational. Others think it’s a delay tactic or simply a BTC Maxi flex.

“I, Justin W. Keener, am not a party to this lawsuit, but I certify that I have an interest in its outcome for multiple reasons. For one – by God’s miracle – I hold data & information believed to be decisive evidence to settle controlling questions & matters to 10 years of nightmarish chaos throne upon all of us unsuspecting Americans”, – declared the non-partial SEC vs. Ripple case contributor.

Despite the postponements in the legal scene, the bearish developments didn’t evolve into a swift XRP price decline. As of press time, the fourth largest crypto by global market cap XRP trades at $2.18, facing a fall of less than 5% along with the broader crypto markets on Friday afternoon.

On The Flipside

  • Mr. Keener also penned a similar motion in April, 2025 but the SEC filed a counter-motion to dismiss these unfair approach claims as incorrectly submitted.

Why This Matters

Dealing with large traditional finance companies and regulators has put Ripple at the pedestal of crypto adoption. On the other hand, the 6-year old lawsuit has put obstacles in competing with SWIFT or other established cross-border ecosystems.

Discover DailyCoin’s top crypto news:
SEC Drops Binance Lawsuit Weeks After Deal With Trump-Linked WLF
Crypto Maverick Bets $500M On Bitcoin’s Next All-Time High

Why is XRP’s price going up and down?

XRP’s price is shaky because of delays in Ripple’s legal fight with the SEC, making investors unsure.

What’s the highest price XRP hit recently?

XRP went up to $2.47 but dropped back to $2.29, which is holding steady for now.

How does Ripple’s SEC lawsuit affect XRP?

The lawsuit delays are keeping XRP’s price stuck, as people wait for news.

What’s the mood around XRP right now?

People are nervous about XRP because the SEC legal stuff isn’t clear yet.

Anything else messing with XRP’s price?

The main issue is the SEC lawsuit, but general market changes also play a role.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a DailyCoin Journalist, covering memecoins & latest developments. Tadas has moderate holdings in SHIB, HBAR, LTC, MATIC and a selection of low-cap meme currencies.

Read more