THE Ripple vs. SEC Lawsuit Continues headlines, with speculation about a possible settlement gaining momentum. Former SEC attorney Marc Fagel believes a settlement is likely, especially with the new Trump administration and new SEC president, Paul Atkins possibly choose not to appeal. This could bring much-needed regulatory clarity to Ripple and XRP, improving their prospects. The new pro-crypto government is crafting a bullish scenario for XRP as regulations are loose and prices are poised to collapse if it passes the SEC’s regulatory trap.
Additionally, there is a rumor that Ripple will launch its stablecoin this month, followed by an IPO later this year to gain maximum adoptions in a volatile market. The market is ready to take XRP to the moon, but will it all work out? Let’s see where we are in the Ripple v. SEC casethe largest block on the XRP path.
Fagel explained that Ripple and the SEC appealed parts of the lawsuit which they lost, leaving a $125 million penalty for Ripple on hold. He suggested that the SEC’s new leadership could prioritize a resolution based on Judge Analisa Torres’ earlier ruling. However, the SEC, under Gary Gensler is expected to file his appeal by January 15. Pro-XRP lawyer Jeremy Hogan predicts the case could conclude by April or May 2025, citing procedural delays in reaching a final decision.
Ripple CEO Brad Garlinghouse recently criticized the SEC’s actions to freeze business opportunities in the United States, but highlighted recent progress under the “Trump effect.” Ripple has signed new deals and expanded its U.S. workforce, a sign of optimism for the company’s future. Analysts say a settlement could pave the way for a XRP ETF Approved and trigger a significant increase in prices.
On the other hand, it is possible that the SEC will not drop this case, as doing so would result in a loss of reputation for the SEC. Additionally, the appointment of Jorge Tenreiro, chief counsel of the SEC, shows that they will drag out the case even further, but investors are optimistic about their decision. The price of XRP.
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XRP Technical Outlook
On the technical side, crypto analyst Ali Martinez see XRP is forming an uptrend that could lead to a massive breakout. Martinez notes that XRP is trading within a large bull pennant, a consolidation phase often followed by a strong upward move. He predicts that XRP could fall to the $2.05 support before rebounding 436% to reach a target of $11, provided it breaks through the $2.73 resistance level.
Currently trading at $2.42, XRP is consolidating and preparing for its next big move. Analysts like CrediBULL Crypto predict a near-term consolidation within the current range, followed by a breakout to new all-time highs. The combination of favorable legal developments and bullish technical trends could push the price of XRP into the double-digit zone, as seen by its 400% surge following Trump’s re-election.
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