The U.S. Securities and Exchange Commission (SEC) has officially dropped its appeal in the high-profile case against Ripple, sparking renewed optimism in the market. The legal clarity around Ripple’s status is easing concerns among institutional investors, making XRP a more attractive asset. With regulatory uncertainty diminishing, institutions may now feel more confident in increasing their exposure to XRP.
XRP Price Reaction: Why No Immediate Surge?
Despite the SEC’s decision, XRP’s price did not experience the massive surge many expected. While some anticipated a 30-40% spike or a breakout above $3, the market response was relatively muted. However, long-term analysts remain bullish, with some predicting an explosive rally in the coming years.
Expert Predictions: Could XRP Reach $280?
Crypto analyst Dark Defender believes XRP could skyrocket by over 12,000%, potentially reaching $280. His prediction is based on historical trends, such as the 2017 rally when XRP surged from mere cents to nearly $4. He identifies similar market patterns today, suggesting another parabolic move could be on the horizon.
Institutional Interest and XRP Spot ETFs
Attorney Fred Rispoli, speaking on the Thinking Crypto podcast, highlighted how the SEC’s decision could pave the way for institutional investment. The dropping of the appeal reduces legal risks, making XRP a more viable option for major financial players. Additionally, with no active litigation, the SEC could be more inclined to approve XRP spot ETFs, further increasing institutional adoption.
Institutions, known for their cautious approach, may still hesitate until all regulatory matters are officially settled. The appeal’s dismissal brings Ripple closer to clearing its name, but some uncertainty lingers until final judgments are issued. Nonetheless, the market anticipates a positive shift in sentiment as Ripple strengthens its institutional relationships.
Also Read: XRP Drops 6% Despite SEC Dropping Ripple Lawsuit—Will It Rebound?
What’s Next for Ripple?
As Ripple moves past the legal battle, the focus now shifts to how the company engages with institutional partners. With regulatory clarity improving, Ripple may soon announce strategic partnerships, potentially driving XRP’s price higher in the weeks ahead.
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.
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