XRP Price on the Edge as Ripple vs SEC Battle Takes a Surprising Turn After Lawyer’s Insights
Pro-XRP lawyer Jeremy Hogan revealed an interesting theory about the Ripple vs SEC case on his X account Friday night. He hinted that Ripple might pay their fine to SEC in XRP tokens.
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Ripple Could Pay SEC Fine Using XRP Tokens
In his social media post, Hogan explained the legal precedent that might allow Ripple to satisfy its judgment by transferring XRP instead of dollars.
“Although the Ripple judgment is denoted in U.S. dollars, it IS possible that Ripple could satisfy the judgment against it by transferring the same amount of XRP to a Federal XRP ‘stockpile’ address,” Hogan wrote.
To support his theory, Hogan referenced a Supreme Court case from 1869, Willard v. Tayloe, which took place after the Civil War when the concept of “U.S. legal tender” wasn’t as firmly established as it is today. In this case, the Court ordered the performance of a contract in gold rather than dollars.
Although the Ripple judgment is denoted in U.S. dollars, it IS possible that Ripple could satisfy the judgment against it by transferring the same amount of XRP to a Federal XRP "stockpile" address.
— Jeremy Hogan (@attorneyjeremy1) March 7, 2025
There's a Supreme Court case from 1869, Willard v. Tayloe, which took place… https://t.co/56iMaZjGOl
The Court’s reasoning, as Hogan quoted, was that specific relief would be granted when “it will subserve the ends of justice” and withheld when it would “produce hardship or injustice to either of the parties.”
While Hogan’s theory is certainly creative, it faces some practical challenges. For one, the SEC would need to agree to accept payment in XRP, which seems unlikely given their stance throughout the case that XRP is a security. Additionally, accepting XRP as payment could be seen as contradicting the SEC’s own position.
Hogan did acknowledge that the $125 million penalty must go to the U.S. Treasury, but suggested this might not be problematic since the Treasury would oversee the XRP stockpile anyway. Whether the Treasury would be willing to accept crypto as payment for a federal penalty remains doubtful, though stranger things have happened in the evolving relationship between government and digital assets.
Read also: Expert Urges Against Buying XRP Amid Ongoing Ripple vs SEC Battle – Top Alternative to Buy?
Could We See Another XRP Price Rally Soon?
Crypto analyst Ali Martinez recently spotted a Head and Shoulders pattern on the XRP/USDT chart from Binance’s one-day timeframe. This pattern typically signals a bearish reversal when confirmed.
The chart shows the classic formation: a left shoulder (initial peak), head (higher peak), and right shoulder (lower peak), with a neckline support hovering around $2.15-$2.20.
At the time of Martinez’s analysis, the XRP price was trading at $2.34, with a high of $2.40 and a low of $2.30. However, the price has since dropped to $2.17, putting it right on the edge of that crucial neckline support.
The situation presents two main scenarios. If XRP breaks below and closes under the $2.15 neckline, the bearish pattern would be confirmed, potentially pushing prices down toward the $1.80-$1.90 range or even lower if sellers take control.
On the flip side, if the XRP price bounces from current levels and eventually breaks above the right shoulder (around $2.80-$3.00), the bearish pattern would be invalidated. As Martinez suggested in his tweet, this could trigger a bullish breakout that might send XRP toward the $5 mark.
“If $XRP avoids closing below the head-and-shoulders neckline and breaks above the right shoulder instead, it could invalidate the bearish pattern. This move might trigger a bullish breakout toward $5!” Martinez wrote.
With XRP now sitting just cents away from a critical decision point, traders are watching closely to see whether support will hold or give way in the coming days.
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