The Ripple-SEC lawsuit, which has been going on for more than 2 years, and which is closely followed by the crypto money market, is expected to end this year. The outcome of the lawsuit will directly affect the XRP and altcoin industry. Let’s take a look at how experts evaluate the result in both directions…
How about Ripple (XRP) price?
XRP, created by Ripple Labs, is hovering around $0.47 after hitting a yearly high of $0.57 last month. The price of XRP surged after Bitcoin and Ethereum surged above $30,000 and $1,900 respectively.
However, XRP started to drop in indicators as investors started selling and profiting this week. After performing exceptionally for about two weeks, it has dropped about 12% in the last seven days.
The price of XRP is still tightly constrained by the ongoing legal dispute between Ripple Labs and the SEC. The question is, how high can the price go if Ripple wins the SEC case?
What level will the bulls first target if Ripple wins the SEC case?
Finance experts at Finder shared two price predictions for XRP. One is how high it can go if Ripple wins the SEC case and the second scenario is how low it can go if Ripple loses.
According to Finder’s prediction, if Ripple wins the SEC case, XRP could reach $3.81 by December 2025. Such a move would mean an increase of about 12% compared to the ATH level of $3.4.
According to experts, “Cryptocurrency markets like to be in a group and if XRP wins the SEC case, there will be a real market boom in the cryptocurrency market.” Forecasts suggest that the XRP price will rebound to its former highs as a result of a positive case.
What if he loses?
Analysts also speculated what would happen if Ripple lost its SEC lawsuit. According to the price prediction, XRP may not exceed $1 in 2025 and may only fluctuate below $0.98. This would mean an increase of about 100% compared to the current price of $0.47.
According to Finder, “If Ripple loses, which is an outcome that no one wants, XRP will be negatively impacted and uncertainty could prompt global investors to sell this digital currency.”
Experts also suggest that if Ripple loses its SEC case, it could affect the market’s overall perception that “other crypto companies will be targeted by the SEC.”
What about the SEC-Ripple case? When will the decision be made?
The blockchain company faced SEC lawsuit in December 2020. The US regulator has filed charges against Ripple Labs and its two directors, Brad Garlinghouse and Chris Larsen, for allegedly submitting an illegal bid to accept XRP as a security.
As the lawsuit continues, a series of discussions are taking place between Ripple Labs and the SEC. Ripple stated that the SEC’s lawsuit led to the withdrawal of XRP from the market, while the SEC claimed that XRP is a security and therefore subject to SEC regulations. The lawsuit, which extends to 2023, is expected to close this year.
cryptocoin.comAs we quoted, John Deaton, a pro-XRP lawyer, made statements that he stated that the case could end in April.
