Ripple versus the US Securities and Exchange Commission is one of the longest-running battles in the crypto space. The situation has brought a lot of uncertainty for XRP holders and investors. But the end of this lawsuit is very close, and experts are expecting a big swing in the price movement of XRP.
Just how high can the altcoin go once the legal battle is officially over?
Legal Resolution May Catalyze XRP Surge
The general consensus in the crypto community is that once Ripple’s battle with the SEC is done, XRP will have a huge rally. Many experts think that the uncertainty of the lawsuit has kept the price of XRP artificially low.
Once the legal cloud clears, the coin could touch new heights. The end of the lawsuit would most likely indicate that the regulatory hurdles that had been holding Ripple back are now finally behind them.
When they announce the SEC lawsuit is fully over it’s entirety possible $XRP jumps above $10.
— EDO FARINA 🅧 XRP (@edward_farina) January 28, 2025
A community expert recently said that if the right agencies announce the SEC vs. Ripple case is completely settled, the price of XRP could possibly rise to $10. This would be a record high for the altcoin, which has been stable around $3 since January 16.
The Coin’s Future Price, According To Expert Opinion
One of the prominent members of the crypto community, Edward Farina, thinks that after the litigation is settled, the token’s price would rise.
Farina predicted that once investors had faith in the initiative again, XRP’s market value would soar. He underlined that since it would give institutional investors clarity and security, the resolution of the SEC case would probably lead to a wider adoption of the crypto asset.
Unfortunately, 95% of $XRP holders are likely to sell at $10, missing out on the true long-term gains. Many have sold at $0.80, settling for far less.
Don’t make the same mistake by rushing into devaluated “stablecoins”. Make sure you’re locked in for the perpetual run.
— EDO FARINA 🅧 XRP (@edward_farina) November 25, 2024
A push to the $10 barrier would require over 200% surge from present levels, since XRP is now trading at $3.12. Such an increase is still within the realm of possibility for the altcoin, given its enormous 400% increase from November 5 to December 3 on the heels of the excitement surrounding Donald Trump‘s recent election win.
Market Optimism Hinges On Lawsuit Outcome
No doubt, the crypto market reacts sharply to regulatory clarity. Historically, price surges have followed the resolution of major legal challenges, and XRP is expected to follow a similar trend.
The outcome of the case could have a wider impact than just on XRP, likely improving perceptions about the entire cryptocurrency market. The favorable shift could lead to more institutional and retail investments streaming into XRP.
Featured image from Gemini Imagen, chart from TradingView
Source: NewsBTC