Here’s How High XRP Price Can Rise After Ripple vs SEC Lawsuit Ends

The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has significantly influenced XRP’s market performance. With recent developments suggesting the SEC may drop its lawsuit against Ripple, the cryptocurrency community is closely watching how this could impact XRP’s trajectory.

The SEC’s Shift in Stance

Under the leadership of acting chairman Mark Uyeda, the SEC has recently withdrawn lawsuits against prominent crypto entities such as Coinbase, Binance, and Consensys. This shift has led to speculation that the regulator might also dismiss its case against Ripple

A favorable outcome for Ripple could reignite investor confidence in XRP, potentially triggering a significant price rally. Many experts including a former SEC official believe this lawsuit is next on the chopping block.

In July 2023, Judge Analisa Torres ruled that XRP is not a security, causing its price to surge by approximately 101% before stabilizing. A similar or more substantial price movement could occur once the SEC ends the protracted case. However, Judge Torres’ ruling presented a notable hurdle for Ripple’s business.

A Major Hurdle for Ripple

One of the most critical challenges for Ripple has been the permanent injunction prohibiting the sale of XRP to institutional investors. The court determined that the company’s XRP sales to institutional investors violated securities laws, ordered it to pay a $125 million penalty, and issued a permanent injunction preventing further institutional sales.

A notable expert recently described this as the major hurdle for Ripple, as the company can easily pay off the $125 million penalty. Ripple is currently negotiating with the SEC, and removing this barrier could open the door for increased institutional participation, potentially driving demand and price appreciation.

What Could Happen Next?

Experts and analysts have shared predictions for XRP if the lawsuit ends. An analyst recently predicted a climb to $50. We also turned to ChatGPT for insight into XRP’s potential price movements.

According to ChatGPT, if XRP replicates the pattern observed after Judge Torres’ ruling, its price could increase by approximately 101%, pushing it from $2.28 to around $4.58.

In a more optimistic scenario, the AI chatbot suggested the asset could climb by 200% because of increased interest. This surge would send the digital asset’s price to $6.84.

Finally, ChatGPT suggests that with immediate adoption by major institutions, XRP could climb as high as 500%. Bank of America already has everything in place to use crypto payments, and if other major financial institutions follow, the asset could climb to $13.68.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

---

Follow us on X, Facebook, Telegram, and Google News