The legal battle between Ripple and the U.S. Securities and Exchange Commission is approaching a crucial stage that could significantly impact the future of XRP cryptocurrency.
Ripple's Legal Battle with SEC
The long-standing conflict between Ripple and the SEC is on the verge of a key decision. Judge Analisa Torres is expected to deliver a final ruling on August 15. This decision could profoundly influence the trajectory of XRP, especially considering the possibility of lifting the ban on Ripple and a potential penalty totaling $50 million.
Prospects for Institutional Recognition of XRP
If the dispute is resolved favorably for Ripple, XRP may quickly integrate into institutional investments. On the prediction platform Polymarket, the perceived likelihood of an XRP ETF being approved stands at 91%. Bloomberg experts predict this probability as high as 95%, highlighting the growing interest from institutional investors.
Historical Trends of XRP
Analysts indicate that XRP may be repeating a price behavior pattern that has previously led to significant surges. Predictions suggest potential target prices ranging from $11.50 to $42. If the current support above $1.88 continues, XRP could reach new highs once again.
The anticipation surrounding the Ripple-SEC case generates significant interest. A favorable ruling for Ripple may open doors for institutional investments and lead to substantial growth for XRP.
