Recently, the US Securities and Exchange Commission, under acting chairman Mark Uyeda, has withdrawn cases against major crypto firms like Coinbase and Consensys. There are speculations that the SEC may soon end its four-year litigation against Ripple. In July 2023, following Judge Analisa Torres’ ruling that XRP was not a security, the XRP price surged by 101% before declining. If the SEC drops its case against Ripple, XRP could witness significant price growth.
Ripple Is Negotiating with the SEC
The permanent injunction on Ripple’s XRP sales to institutional investors limited its growth potential. Sources confirm that Ripple is negotiating with the SEC to remove the injunction, which could restore investor confidence.
AI Predictions for XRP Price Increase
Analysis using ChatGPT suggests that if XRP mirrors its July 2023 response, the price could rise by 101%. Currently at $2.33, a 101% increase might bring it to approximately $4.68. A more optimistic view estimates a 150% rise to $5.82, and if a bull market occurs, it may reach $6.99. Factors such as regulatory clarity, market conditions, institutional demand, and fear of missing out (FOMO) will influence price movements. Conversely, some analysts caution that the XRP market may have already priced in the expected settlement effects.
Possible US Government XRP Purchase
The US government may utilize the $125 million settlement money to purchase XRP, potentially boosting market confidence. Reports also indicate that Ripple could consider an IPO post-settlement, which might elevate XRP prices to around $10.
In summary, the Ripple vs. SEC case is approaching its conclusion, and the resulting impact on XRP is uncertain. A strong market reaction could lead to substantial gains for XRP, although some experts suggest that such expectations may already be factored into the price.
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