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.
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.
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.
