The SEC vs. Ripple case is nearing its conclusion, yet some questions remain open that could affect the price of XRP.
Court Ruling on XRP Sales
Judge Analisa Torres ruled that XRP sales to retail investors were legal. However, sales to institutional investors were classified as securities, posing potential penalties for Ripple and signaling risks for future sales.
XRP Price Predictions
Some experts are issuing bearish projections for XRP. If the price fails to hold at $2.23, a retracement to $1.96 is possible. Other estimates indicate a potential drop to $1.25 based on a descending triangle pattern.
Market Influence on XRP
Analysis shows many XRP holders are still in denial, indicated by the average long-term holder profitability level of $1.06. Additionally, some investors maintain unrealistic predictions for XRP reaching $500, which seems highly improbable given current market conditions.
The issues regarding XRP's classification as a security for institutional investors, combined with current market conditions, create uncertainty that may significantly affect the token's future.
