Ripple’s long-standing battle with the SEC might be approaching a breakthrough, with increasing speculation around a possible resolution—or even a dismissal. Donald Trump’s recent re-election and his pro-crypto stance have added to the optimism in the crypto world. Ripple CEO Brad Garlinghouse is hopeful for a favorable outcome.
Garlinghouse, optimistic about a fresh approach from the incoming administration, recently shared a “100-day checklist” outlining his hopes for regulatory clarity and the firing of SEC Chair Gary Gensler.
The Ripple vs. SEC case is getting closer to its conclusion, and the world awaits Nov 21 to see what turn it takes—will it be resolved, dismissed, or something else? Let’s see what the analyst has to say.
Read more for XRP price prediction after the Ripple vs. SEC lawsuit ends. How will regulatory clarity impact XRP’s future price movement?
The SEC’s handling of the Ripple case under Gensler has sparked ongoing debate. Ripple’s CTO David Schwartz recently criticized the SEC’s use of the term “investment contract,” arguing that it has muddied securities law. He emphasized that Ripple is accountable to its shareholders—not XRP holders—challenging the SEC’s claim that XRP should be considered a security.
Many pro-XRP attorneys, including Bill Morgan, believe that Judge Torres’ earlier ruling—that Ripple’s XRP sales don’t meet the “Howey test” for securities—should work in Ripple’s favor.
However, not everyone agrees. Former SEC attorney James Farrell suggests that dismissing the case entirely is unlikely due to the regulator’s high stakes in this lawsuit. Farrell and others think a settlement is more likely than a full dismissal.
The crypto community is watching closely as calls for Gensler’s resignation grow louder. The American Securities Association (ASA) has even joined the call for his departure, noting that SEC Chairs often step down when there’s a change in U.S. administration.
This shift in leadership could potentially lead to more favorable policies for Ripple and other crypto companies, easing some of the current regulatory pressures.
Amid all this anticipation, XRP, the eighth-largest cryptocurrency has surged by more than 15%, climbing to $0.67 as traders anticipate a rally to $1 if regulatory headwinds ease. XRP trading volume also soared over 160% in recent days, reflecting the community’s optimism for a resolution.
Breaking out of its recent $0.487-$0.566 range, XRP has also surpassed the daily 50 and 200 moving averages, previously limiting its price. The current rally faces resistance at $0.70, with support expected around $0.60 and $0.579 if it pulls back. However, a push past $0.70 could prompt a test of the year’s high at $0.74.
What’s Next?
As some experts suggest a potential “altcoin season” could soon boost prices further, XRP holders are eagerly awaiting the SEC’s next move, with an important appeal filing scheduled for January 15, 2025.
XRP is a cryptocurrency created by Ripple Labs, designed for fast, low-cost cross-border payments. It operates on the XRP Ledger, allowing efficient transactions without the need for traditional intermediaries.
XRP could see significant growth if the Ripple vs. SEC case resolves favorably, with market optimism driving a 15% price surge. Regulatory clarity and leadership changes may further boost its value in the coming months.
As the clock ticks down, XRP’s fate—and perhaps the future of crypto regulation—hangs in the balance.
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