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Future of XRP: Impact of SEC Lawsuit on Cryptocurrency

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by Giorgi Kostiuk

6 hours ago


The ongoing legal battle between Ripple and the SEC creates uncertainty for the cryptocurrency XRP. While many hope for a positive resolution, experts remain divided over when the case will conclude.

Legal Situation

The lawsuit between Ripple and the SEC continues to exert pressure on XRP. Concerns were highlighted by attorney Bill Morgan, who noted the risks to XRP’s price if the process drags on. Although rumors of a settlement exist, uncertainty prevails, with a resolution not expected before April 2024.

Attorney Bill Morgan pointed out that the uncertainty of the case's outcome is putting pressure on XRP.Bill Morgan

Ripple's Growth Amidst Trials

Despite the ongoing litigation, Ripple's Senior VP Eric van Miltenburg noted the company's growth. He believes that real negotiations might be occurring privately, calling the lawsuit a kind of 'theatre'. XRP continues to gain traction in the U.S., showing Ripple’s resilience under challenging conditions.

XRP Price: Current Situation and Predictions

Currently, XRP trades at $2.28, down 2.19%. Despite a recent 9.47% weekly rise, it's still 17% lower than last month, with trading volume down by 12.5%. Analysts foresee continued volatility but remain optimistic about potential long-term growth if the dispute ends favorably.

XRP could see significant growth in the coming months, despite current challenges.Good Morning Crypto

Although XRP's price dipped by 8%, many investors still see long-term potential. Ripple's recent efforts and possible regulatory changes may support a price rise, but with legal uncertainty, investors should remain cautious and watch for updates on the Ripple SEC case.

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