Recently, the SEC, under the leadership of acting chairman Mark Uyeda, has dropped cases against major crypto firms including Coinbase and Consensys. Rumors suggest the regulator may soon withdraw its four-year legal battle against Ripple.
Ripple and SEC Situation
The case against Ripple has persisted for several years, primarily due to the permanent ban on XRP sales to institutional investors. Multiple sources confirm that Ripple is negotiating with the SEC to remove this injunction before the case dismissal. Experts suggest that removing the legal restrictions could boost investor confidence.
AI Predictions for XRP Price
According to ChatGPT analysis, if the XRP market mirrors its July 2023 reaction, the price could rise approximately 101%. Currently, the token is priced at $2.33, and a 101% rise may see it reaching nearly $4.68. A stronger reaction could push the price to 150%, reaching $5.82, and if a bull market joins, there could be a 200% rise to $6.99. Regulatory clarity, market conditions, institutional demand, and FOMO will influence price movement. Conversely, some analysts warn that the market has already priced the settlement in, and without a surprise, XRP may not rise as much as expected.
Possible US Government XRP Actions
There's a possibility that the $125 million settlement might be used by the US government to purchase XRP, which could boost market confidence. Reports also indicate that once the lawsuit is settled, Ripple might launch an IPO. According to an analysis, if Ripple launches an IPO, the price of XRP could reach as high as $10.
The Ripple vs. SEC case is nearing its conclusion, with its impact on XRP still uncertain. If the market reacts strongly, XRP could see significant gains, but some experts believe expectations are already priced in.
