Ripple vs SEC: XRP Price Set for All-Time High as Lawsuit Nears End

Right after the 60-minute interview, XRP is soaring in the market, surging by 13% in just one day, pushing its market cap to over $99 billion. This sudden rally has caught the attention of investors, who are now increasingly optimistic about the token’s future.

With upcoming developments like new partnerships, an IPO, ETFs, and stablecoins, many believe XRP could hit a new all-time high (ATH) by December.

Let’s break down what’s driving this rally.

Ripple vs. SEC Case: Will it Be Over Soon?

Investor confidence is growing after Garlinghouse hinted that Ripple might soon overcome its legal challenges. Speculation is rife that the SEC case could be dismissed by 2025, offering much-needed regulatory clarity for XRP. This hope was further boosted by the announcement of SEC Chair Gary Gensler’s departure in January.

Opinions among legal experts vary. Chris Giancarlo suggests the SEC might drop the case entirely, while lawyers Fred Rispoli and Jeremy Hogan think a settlement with reduced penalties is more likely. Meanwhile, interest in XRP-based exchange-traded funds (ETFs) is rising, although the SEC hasn’t approved any yet.

If the case is resolved, it could eliminate a major barrier to XRP’s adoption. This would allow Ripple to expand further, potentially driving XRP’s price to new highs. Investors are already factoring in this potential outcome, adding momentum to the current rally.

Ripple’s Story Via Garlinghouse

Garlinghouse is set to appear on 60 Minutes on December 1st, where he will discuss Ripple’s legal journey and future plans. The interview will highlight Ripple’s resilience and confidence despite ongoing legal challenges.

XRP’s recent price action reflects this optimism. The token recently hit a multi-year high of $1.60, gaining 6% in the past 24 hours and 20% over the last week. Currently trading above $1.50, XRP faces resistance between $1.60 and $1.70. A breakout could push it toward the $2 mark.

• Also Read :
•   Ripple’s XRP Is Worth More Than Solana: Bill Morgan Reveals Shocking Miscalculation
•   ,

XRP Price Predictions and Market Trends

Analysts point to strong support levels between $1.25 and $1.30, minimizing potential losses. With $1.50 now acting as a support level, XRP is well-positioned for more gains.

Ryan Lee, Chief Analyst at Bitget, predicts XRP could rise to $2.57 by December, supported by strong market trends and the potential launch of an XRP ETF, which could significantly boost demand.

As Ripple’s legal hurdles seem closer to resolution, XRP’s future looks promising. The token is already in a strong bull run, and with key developments on the horizon, it could reach historic highs by year-end.

All eyes are on December as investors anticipate XRP’s next big move.

FAQs