A popular community figure has issued a wake-up call to XRP holders, urging them not to expect any immediate price upsurge once the SEC and Ripple case officially ends.
‘All Things XRP’ emphasized that investors expecting XRP’s price to skyrocket immediately after the SEC case ends are late. The commentator suggested that the anticipated price rally from the lawsuit’s resolution has already happened.
Therefore, they believe XRP will not experience any major spike after the SEC officially closes the lawsuit against Ripple.
Potential Opportunity for an XRP Rally
However, All Things XRP indicated that Ripple’s next move after the lawsuit’s resolution will be instrumental in driving XRP’s price.
They emphasized that the ‘real move’ will come from certain Ripple-related actions, which might involve the company forming new partnerships with top entities, enhancing XRP’s utility, and potentially making some ‘big plays.’
Further, the commentator encouraged the community to stay alert and watch out for these actions rather than anticipating an explosive rally after the lawsuit ends.
XRP Post-Election Price Action
Recall that XRP recorded steady gains following the re-election of President Donald Trump. XRP skyrocketed from around $0.5 to a multi-year high of $3.3472 on January 20, marking an increase of 569%.
Investors’ anticipation of the lawsuit’s conclusion following Trump’s victory was a major driver behind the rally. This anticipation climaxed on Inauguration Day on January 20, when XRP reached $3.3472.
However, XRP has not experienced any major rally ever since. Instead, it lost most of its post-election gains and slumped below $2 despite Ripple announcing that the parties had agreed to drop the lawsuit.
In a recent filing, the SEC also confirmed that negotiations are underway to resolve the case. The parties jointly requested to halt the litigation for two months. Despite this, XRP did not experience any significant price spike.
As a result, All Things XRP believes the anticipated rally from the potential resolution of the SEC v. Ripple case has already priced in. Hence, they do not expect XRP to stage any major rally immediately after the lawsuit ends.
However, they expect Ripple’s future actions, including significant partnerships news, to usher in the ‘real move’ for XRP.
Next Steps for Resolution of Ripple Case
Meanwhile, the SEC needs to approve its settlement with Ripple before the lawsuit can be concluded. The SEC will communicate its decision to the Second Circuit.
Should it decide to settle the case, the SEC and Ripple will jointly file a motion to Judge Analisa Torres stating their settlement terms, which include dismissing the permanent injunction and the defendants paying a reduced fine of $50 million.
Legal commentators like Attorney Fred Rispoli of Hodl Law expect the Ripple case to be fully resolved by late May 2025.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
