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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-faces-ongoing-legal-battle-with-sec/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Faces Ongoing Legal Battle with SEC</a><br></p>
<p style="text-align: justify">Ripple , one of the largest <a href="https://en.coin-turk.com/stablecoins-support-cryptocurrency-market-recovery/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> projects, has been engaged in a legal battle with the <a href="https://en.coin-turk.com/bitcoin-price-tests-65000-before-dropping-below-64000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> for nearly four years. Despite achieving significant victories in summary judgments, the SEC, dissatisfied with the court’s decision, has appealed. This action has led to the XRP Coin price declining to around $0.50. What does the long-term outlook hold for Ripple?</p>
<h2 style="text-align: justify" id="current-status-of-the-xrp-coin-case">Current Status of the XRP Coin Case</h2>
<p style="text-align: justify">The SEC has submitted its appeal, but details are not yet fully clear. The agency will likely present more evidence to establish the strong connection between Ripple and XRP from its early days. Years ago, Ripple attempted to distance itself from the XRP <a href="https://en.coin-turk.com/elon-musk-sparks-surge-in-meme-coin-prices/" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> to mitigate potential damages in the ongoing litigation.</p>
<p style="text-align: justify">If the SEC can persuade the court with stronger evidence of the close ties between the two, this would strengthen its position. Meanwhile, many attorneys commented positively on Torres’ decisions regarding the appeal, suggesting that Torres may have reached her ruling in a solid and convincing manner, thus reducing the likelihood of it being overturned in the appellate court.</p>
<h2 style="text-align: justify" id="future-prospects-for-xrp-coin">Future Prospects for XRP Coin</h2>
<p style="text-align: justify">The first issue to consider is the circulating supply of XRP Coin. The maximum supply is known to be 100 billion, which is continually entering circulation. Through gradual unlocking, the supply has increased from 45 billion at the start of 2021 to 56.5 billion today. This indicates that over half of the maximum supply is now in circulation.</p>
<p style="text-align: justify">When predicting the future price, the market cap and current share of XRP Coin can be used as benchmarks. For example, at a price of $1, 59.9 billion dollars in market cap would be necessary, given a circulating supply of 59.95 billion under a 6% annual inflation scenario. Estimations for 2025 suggest that if XRP Coin reaches $2, it would require an impressive market cap of $119 billion.</p>
<p style="text-align: justify">The Ripple team may consider burning their assets and halting new unlockings to adopt a deflationary approach that could enhance token value. They might also engage large banks to lock up substantial amounts of tokens through institutional agreements, supporting growth in unit price.</p>
<p>The post <a href="https://en.coin-turk.com/ripple-faces-ongoing-legal-battle-with-sec/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Faces Ongoing Legal Battle with SEC</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ripple Faces Ongoing Legal Battle with SEC

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