#RİPPLE On Saturday, March 1, XRP gained 2.16%, partially reversing Friday’s 2.37% loss to close at $2.1926. XRP outperformed the broader market, which rose 1.51%, taking the total crypto market cap to $2.79 trillion.

Despite the SEC’s silence on its Ripple case appeal strategy, speculation about a potential withdrawal bolstered XRP demand.

In August 2024, Judge Analisa Torres delivered the Final Judgment, ordering Ripple to pay a $125 million penalty for violating US securities laws by selling XRP to institutional investors.

While Judge Torres rejected the SEC’s request for disgorgement and prejudgment interest, she granted the agency’s request for injunction relief. The ruling requires Ripple to comply with Section 5 of the Securities Act moving forward.

Legal expert James ‘MetaLawMan’ Murphy speculated on the possible reason behind the SEC’s delay in withdrawing its appeal:

“It might not be the SEC. It could be that Ripple is negotiating hard to get the SEC to agree to vacate some or all of Judge Torres’ decision. The Torres decision was unquestionably GREAT for XRP holders, BUT. The (a) finding of securities law violations and the (b) injunction (with attendant “bad boy” provisions) are not so great for Ripple.”

Murphy added:

“This is particularly true if Ripple is considering a future exempt securities offering or IPO. I believe the SEC would have accepted a settlement—where both sides dismiss their appeals and the SEC takes the $125 million penalty—in a heartbeat. So, it makes sense (to me at least) that Ripple could be negotiating for a better deal than that.”