How Much Higher Is The XRP If The SEC Drops A Case?

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Recently, the Securities and Exchange Commission has withdrawn its lawsuits against top crypto companies, including Coinbase and Consensy, under the guidance of acting chairman Mark Weda. There are rumours that regulators will soon stop the legal battle with Ripple four years ago. When Judge Annalisa Torres ruled in July 2023 in favor of Ripple’s claim that XRP was not security, XRP prices rose at least 101% before experiencing a significant drop. Given this historical trend, XRP prices could be massively grown if the SEC withdraws legal proceedings against Ripple. For more information, dive in!

Ripple is negotiating with the SEC

What really crippled XRP’s growth potential was the permanent injunction imposed on Ripple’s XRP sales to institutional investors.

Several sources have confirmed that Ripple is in negotiations with the SEC to remove the injunction before it is fired in the lawsuit.

Experts suggest that removing legal restrictions on XRP sales can boost investors’ trust.

AI forecast for XRP price rise

Analysis conducted using ChatGPT revealed that if the XRP market repeatedly responds in July 2023, XRP prices could rise by about 101%.

Currently, the XRP is priced at $2.33. A 101% growth means that prices could reach almost 4.68%.

The same analysis points out that a stronger response could push the price up to at least 150%, reaching $5.82.

The analysis states that if bull markets participate, the price will rise 200% to $6.99. Regulation clarity, market conditions, institutional demand, and FOMO affect price movements.

Conversely, some analysts have warned that the XRP market is already causal in settlements. Without the surprise factor, XRP may not rise in hopes.

Possibility of purchasing US Government XRP

The US may use $125 million in settlement funds to purchase XRP. If this occurs, it could increase reliability in the XRP market.

Reports also show that Ripple could launch an IPO once the lawsuit is resolved. According to the analysis, when Ripple launches an IPO, the XRP price could reach $10.

In conclusion, the Ripple vs. SEC case approaches that conclusion, and its impact on XRP remains uncertain. XRP can see the big gathering if the market reacts strongly, but some experts believe expectations are already priced.