XRP Case Dropped: Ripple Lawsuit Finally Sees End!
The US Securities and Exchange Commission (SEC), led by acting chairman Mark Uyeda, has recently withdrawn legal cases against major crypto firms like Coinbase and Consensys. Many now believe the regulator may soon drop its four-year lawsuit against Ripple.
In July 2023, when Judge Analisa Torres ruled that XRP was not a security, its price surged by 101% before falling back. If the SEC dismisses the case against Ripple, XRP could see another major price rally.
Let’s take a closer look at what could happen next.
One of the biggest challenges for XRP has been the SEC’s injunction preventing Ripple from selling XRP to institutional investors. This restriction has held back its market growth.
According to multiple sources, Ripple is now negotiating with the SEC to remove this injunction before the case is officially dismissed.
Experts believe lifting legal restrictions on XRP sales could boost investor confidence, potentially driving up its price.
A price analysis using ChatGPT suggests that if XRP follows the same pattern as in July 2023, its price could increase by around 101 percent.
However, factors like regulatory clarity, market conditions, institutional interest, and investor sentiment will play a major role in determining how high XRP can go.
Not everyone expects a massive price rally. Some analysts warn that XRP’s price may not rise significantly if investors have already factored in the lawsuit’s outcome. Without an unexpected twist, the reaction might be more muted than some hope.
There are also reports suggesting that the US government might use the $125 million settlement money to buy XRP. If this happens, it could increase confidence in the market and possibly push prices higher.
Another key development to watch is Ripple’s rumored initial public offering (IPO). Some analysts believe that if Ripple goes public, XRP’s price could climb as high as $10.
With the Ripple vs. SEC case nearing its end, investors are waiting to see how the market reacts. If optimism takes over, XRP could experience a strong rally. However, if expectations are already priced in, the gains may not be as dramatic.
For now, all eyes are on the SEC’s next move and how it will impact Ripple’s future.
Reports suggest Ripple is negotiating with the SEC, and the case may be dismissed soon, potentially boosting XRP’s price.
Rumors suggest the US might use the $125M settlement to buy XRP, increasing market confidence.
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