A market analyst has predicted what he believes could be the XRP price when the SEC lawsuit finally comes to an end.
The U.S. Securities and Exchange Commission’s (SEC) lawsuit against blockchain payments firm Ripple has dragged on for over four years, as the regulatory agency insists on moving the case to appeal following the final ruling from Judge Analisa Torres last August.
Notably, several voices in the community have attributed XRP’s underperformance over the past few years to the influence of this lawsuit. Given the lawsuit’s impact on the XRP price, several analysts expect the altcoin to skyrocket to greater heights once the case ends.
XRP Price Once SEC vs. Ripple Case Ends
Now, while the extent of this anticipated upsurge remains uncertain, XRP Healthcare’s Head of Social Adoption, Edward Farina, has presented what he believes could happen.
According to a recent disclosure from the community commentator, once the appropriate authorities announce that the SEC vs. Ripple lawsuit is over completely,the XRP price could possibly rise to $10. For context, this would mark a new all-time high for the altcoin, which has continued to consolidate around $3 since Jan. 16.
With XRP currently changing hands at $3.12, a push to the $10 mark would necessitate a 220% rally from current levels. Considering its massive 480% upsurge from Nov. 5 to Dec. 3 on the back of the euphoria from President Donald Trump’s election victory, such a 220% uptick remains in the realms of possibilities for XRP.
In addition, in July 2023, following the summary judgment ruling, which declared XRP a non-security, the market reacted favorably. For context, XRP soared from a low of $0.4692 to a high of $0.9479 on July 13, 2023. Interestingly, this marked a 103% rise in a day, indicating how much developments around this case affect XRP price.
Meanwhile, several analysts also believe the $10 price for XRP is imminent, citing other possible catalysts. Last month, market watcher Alex Clay suggested that the XRP rally was still on track, setting an ultimate target of $10. Farina also previously warned that investors who sell XRP below $10 would likely regret the decision.
Is a Settlement Coming?
It bears mentioning that the Ripple vs. SEC case saw a final judgment last August. However, two months after the judgment, the SEC filed a notice of appeal in October 2024 and subsequently submitted its opening appeals brief earlier this month. Interestingly, Ripple has shown interest in filing a cross-appeal as the case lingers.
With these developments, some expect the case, which has had a major impact on XRP’s price, to persist beyond this year. However, speculations suggest the new SEC leadership could bring it to an abrupt end by opting for a settlement.
Notably, these speculations gained steam when the regulatory agency removed the Ripple case from its list of active lawsuits. However, it was later discovered that this development was due to the movement of the case to the court of appeals.
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