
The ongoing Ripple vs. SEC lawsuit creates significant price volatility and investor hesitancy for XRP.
While legal experts debate the lawsuit's timeline and impact, Ripple maintains growth and considers XRP a valuable asset.
XRP's price faces crucial support levels, and while short-term dips are observed, long-term potential remains.
The Ripple vs. SEC lawsuit continues to create uncertainty for XRP. Many in the crypto community believe a settlement could boost its price, but legal expert Bill Morgan is cautious. He says the caseโs unpredictable outcome is keeping pressure on XRP, making investors hesitant.
Is a Settlement Coming Soon?
Rumors of a settlement have been circulating, but Morgan warns that if the lawsuit drags on or the SEC files an appeal, XRPโs price could struggle. However, with the SECโs changing approach to crypto regulation, some believe the agency may want to avoid a long legal battle. The big question is when this will happen – April 16th is seen as a key date.
Since the lawsuit began, XRPโs price has been affected, and investors remain cautious.
Rippleโs Growth Remains Strong
Despite the legal scoop, Rippleโs Senior VP, Eric van Miltenburg, says the company is growing. He calls the lawsuit โtheatre,โ suggesting that the real negotiations may already be happening behind closed doors. Miltenburg also points out that XRPโs adoption in the U.S. is rising, proving that the lawsuit has had little effect on Rippleโs expansion. He argues that XRP is not just a digital token but a geopolitical asset with long-term value.
Experts Divided on When the Case Will End
Crypto analysts have different views on how long the lawsuit will last. Experts like MetaLawMan and Jeremy Hogan think it could drag on for months, delaying XRPโs price recovery. Meanwhile, lawyer Fred Rispoli is more optimistic, predicting a resolution by March or April.
Investors are also keeping an eye on political changes in the U.S. and the SECโs evolving stance on crypto, hoping these factors will speed up a settlement.
XRPโs Price Outlook
XRP is currently trading at $2.28, down 2.19% today. Despite gaining 9.47% over the past week, itโs still 17% lower than last month. Trading volume has also dropped by 12.5%, now at $3.66 billion. While Bill Morgan warns of further downside risks, some analysts remain hopeful. Good Morning Crypto predicts a strong rally in the coming months, with some even setting an ambitious $100 price target for this bull run.
Key XRP Price Levels to Watch
Even with an 8% price dip, many investors see long-term potential in XRP. Rippleโs latest trademark filings and upcoming regulatory changes could help push the price up. If market sentiment improves, XRP could gain momentum again.
Crypto analyst Ali Martinez has pointed out an important technical signal: XRP is forming a head-and-shoulders pattern on the weekly chart. The key support level to watch is $2โif XRP stays above it, it could regain bullish momentum. But if it falls below, a deeper correction may follow.
Whether a settlement happens soon or not, one thingโs for sureโXRP holders are in for a ride.
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FAQs
The case may conclude by April 16, but delays or an SEC appeal could extend it further, keeping XRPโs price under pressure.
XRP has long-term potential, but legal risks remain. Investors should monitor settlement updates and key support levels before deciding.