The U.S. Securities and Exchange Commission (SEC) has officially dropped its appeal in the ongoing Ripple case, marking a significant turning point for XRP. This decision has injected optimism into the cryptocurrency market, as clarity around Ripple’s legal status is expected to ease concerns for institutional investors. With the SEC no longer pursuing litigation, financial institutions may feel more confident investing in XRP.
XRP Price Reaction and Future Predictions
Despite the positive legal development, XRP’s price did not see the explosive growth many anticipated. Instead of surging by 30-40% or breaking past the $3 mark, XRP’s movement remained relatively restrained. However, prominent crypto analyst Dark Defender remains bullish, forecasting a potential 12,000% surge that could propel XRP to $280 in the coming years. He draws parallels to XRP’s historic 2017 rally, when it skyrocketed from fractions of a cent to nearly $4, and suggests similar patterns are forming in the current market cycle.
Institutional Investments and Spot ETF Prospects
Attorney Fred Rispoli, speaking on the Thinking Crypto podcast, highlighted the potential for increased institutional investment following the SEC’s dropped appeal. With the legal uncertainty lifting, major financial players may now be more willing to allocate capital to XRP. Additionally, the likelihood of an SEC-approved XRP spot ETF has increased, as regulatory roadblocks that previously hindered such financial products are now diminished. An XRP ETF would provide traditional investors with easier access to the asset, further driving market adoption.
Risk-Averse Institutions and Remaining Uncertainty
While the SEC’s decision is a major victory for Ripple, institutional investors remain inherently cautious. Some firms may still wait for further regulatory clarity before making substantial commitments. Ripple’s programmatic sales of XRP also remain a point of discussion, as regulatory agencies continue to scrutinize the broader cryptocurrency landscape.
Also Read: XRP Surges 11% as SEC Drops Appeal – Is Ripple’s Bull Run Just Beginning?
Ripple’s next steps will likely involve strengthening partnerships and engaging with institutional clients now that regulatory pressure has eased. Official documentation and final judgments will play a critical role in shaping market sentiment. As Ripple navigates this phase, XRP’s price is expected to respond positively in the weeks ahead, with institutional adoption potentially driving long-term growth.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
