In light of the lengthy legal battle between Ripple and the SEC, attorney Bill Morgan expressed that the case's outcome no longer influences XRP's price.
Impact of the Lawsuit on XRP Price
Bill Morgan noted in a recent post that the prolonged nature of the lawsuit has already absorbed any price volatility that might have resulted from a favorable ruling.
He pointed to past predictions from analysts and major institutions like JP Morgan, suggesting that XRP could see significant gains if Ripple emerged victorious.
However, Morgan argues that such expectations are now outdated, and the legal battle has lost its influential power over the digital asset's value.
ETF Speculation as a New Price Driver
As the lawsuit’s influence has diminished, market participants are now focused on a new potential catalyst for XRP’s price movement: the possibility of a spot XRP exchange-traded fund receiving regulatory approval.
Applications from top asset managers, including Grayscale and Franklin Templeton, are currently awaiting review by the United States Securities and Exchange Commission. Many members of the XRP community consider the potential ETF approval a focus that might resurrect interest and demand for the token.
Analysts note that the same scenario could play out for XRP, should it receive approval.
Conclusion: Future of XRP
Bill Morgan’s assessment highlights a broader shift in how XRP’s price is influenced. Legal outcomes have faded in significance, while regulatory milestones such as ETF approvals command more attention.
Future price movements for XRP are likely to rely less on court rulings and more on institutional access and market infrastructure.
Thus, the Ripple vs SEC case no longer significantly impacts XRP's price, while new regulatory changes are starting to play a more important role.
