The case between Ripple and the U.S. Securities and Exchange Commission (SEC) has officially concluded after nearly five years. This event has had a notable impact on the cryptocurrency market, particularly on the XRP token.
Conclusion of Ripple and SEC Case
On Thursday, both parties submitted a joint motion to dismiss their respective appeals, effectively concluding the case. Ripple's Chief Legal Officer confirmed that the company will now redirect its attention toward expanding business operations.
Short-term and Long-term XRP Price Predictions
Following the announcement, XRP experienced a surge of over 12% within 24 hours, reaching $3.35 before settling at $3.19. Forecasts from AI platforms, including ChatGPT and Grok, predict a price of $5 could be attainable in the short to medium term, potentially by late 2025 or early 2026.
High-End Forecast: Reaching $20
Achieving a price of $20 would require a market capitalization exceeding $1.2 trillion. AI forecasts indicate the necessity of near-global adoption of XRP for transactions to establish it as a competitor to existing systems such as SWIFT.
The resolution of the legal dispute removes one of the significant obstacles for XRP's growth. The coming years will reveal whether market trends and adoption can support the ambitious price targets.
