XRP’s price has remained resilient above the $3 level despite a broader cryptocurrency market selloff today, sparking renewed optimism within the XRP community. Investors are eyeing a potential rally for Ripple’s native cryptocurrency, especially as speculation intensifies regarding the ongoing Ripple Vs SEC lawsuit.
Will the Ripple Vs SEC Case Conclude Soon?
Recent speculation surrounding the potential conclusion of the Ripple Vs SEC case has caused a stir in the crypto community. As the U.S. Securities and Exchange Commission (SEC) prepares for its first closed-door meeting under the new acting Chair Mark Uyeda, many are hopeful that significant developments in the case could unfold. The XRP community has been waiting for a possible dismissal or settlement of the case, and the upcoming SEC meeting has sparked further anticipation.
However, ex-SEC lawyer Marc Fagel has dismissed the notion that a resolution is imminent, pointing out that the case is still ongoing. Despite this, many market enthusiasts remain optimistic about a positive outcome, believing it could trigger a significant price boost for XRP.
Ex-Ripple Executive Predicts Settlement or Dismissal
In a recent discussion on X (formerly Twitter), former Ripple executive Sean McBride contributed to the rising speculation, suggesting that the case could be settled or dismissed within the next week. McBride leans towards a settlement, highlighting Ripple’s favorable position in the ongoing legal battle. He noted that Ripple’s executives, including CEO Brad Garlinghouse and co-founder Chris Larsen, are entitled to compensation, and a settlement could provide a more comprehensive and confidential resolution.
Within the week the case SHOULD either be dismissed or settled. I know there are nuances involved with each option, which is why I think it will be settled vs. dismissed. IMO, Ripple, Brad, and Chris are all owed compensation. There should also be some confidentiality with…
— Sean McBride (@seanmcbride16) January 23, 2025
While McBride’s predictions have sparked enthusiasm, not everyone shares his outlook. Marc Fagel, the former SEC lawyer, has cast doubt on the likelihood of a settlement, emphasizing the importance of transparency in SEC resolutions.
Could XRP Price Reach $15?
Despite a 2% drop in XRP’s price today, trading at $3.11, there are signs of growing confidence from investors. XRP’s Futures Open Interest rose 1.3%, indicating strong market support. Top market expert Ali Martinez has also fueled optimism with his bold prediction of a potential $15 rally for XRP. Martinez’s forecast, though not tied directly to the Ripple Vs SEC case, is based on positive developments in XRP’s market, including recent ETF moves. With a potential XRP ETF launch slated for February 10, investor optimism continues to grow.
As the Ripple Vs SEC case progresses and XRP’s market outlook remains bullish, XRP enthusiasts are hopeful that the ongoing legal battles will soon come to a favorable end, setting the stage for a substantial price surge.
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.