The long-awaited conclusion of the Ripple and SEC case might significantly affect XRP's value. Ripple officials confirmed the dispute with the commission is resolved.
Ripple's Statement and Case Conclusion
Ripple CEO Brad Garlinghouse stated that the SEC has withdrawn its objection to the case. While the decision still requires the commission's approval, this marks the end of a lengthy process that has adversely affected the company's U.S. operations.
Analysts' Views on Future XRP Price
Following the Ripple CEO's statement, XRP's price began to move upwards. Analysts noted that the end of the SEC case, Ripple's progress, potential regulatory changes, and increasing adoption are critical factors for XRP price.
Expert Projections for XRP Value
B2BinPay CEO Arthur Azizov predicted that XRP's price will range between $5 and $7 in the first half of 2025. This rise is attributed to XRP's selection as a reserve, the end of the SEC case, and Ripple's significant progress in the global payment sector. XTB analyst Hani Abuagla expects a broader price range from $5 to $100, citing the lawsuit victory and potential regulatory relaxation. Bitget Research analyst Ryan Lee offers a more conservative range from $1.80 to $8.40. Notably, John Deaton, founder of CryptoLawUS, believes XRP could surpass Ethereum as the second-largest cryptocurrency.
Despite analysts' bullish predictions, the future of XRP remains uncertain, depending on various factors.
