Impact

Gary

<p>The <a href="https://coinpedia.org/news/xrp-lawsuit-news-ex-sec-attorney-says-no-settlement-because-gensler-won-half-the-case/" target="_blank" rel="noreferrer noopener">Ripple vs. SEC case</a> is getting more interesting, especially with the recent resignation of <a href="https://coinpedia.org/news/big-breaking-sec-chair-gary-gensler-officially-resigns/" target="_blank" rel="noreferrer noopener">SEC chair Gary Gensler</a>. Now, there are many possible outcomes, including a settlement or the case being dismissed. There are rumors that the SEC is planning an emergency meeting to discuss a settlement with Ripple, which<a href="https://coinpedia.org/news/xrp-lawsuit-settlement-news-is-sec-calling-an-emergency-meeting-to-end-the-ripple-case/" target="_blank" rel="noreferrer noopener"> could lead to the SEC lawsuit being fully resolved</a>. While the focus is on the settlement, the real question is how this will impact the price of XRP.</p>   
<p>XRP’s price is currently around $1.45, but we have seen it reach an all-time high of $3.84 previously. That peak was driven by speculation, with little real-world adoption at the time. Now, XRP is positioned differently, with strong utility and adoption in areas like central bank payments and cross-border transactions.</p>   
<p><a href="https://www.youtube.com/watch?v=aq1l1iWz5AM" target="_blank" rel="noreferrer noopener nofollow">Alpha Lions Academy CEO Edo Farina </a>said that the end of the SEC lawsuit could mark one of the most major events in the crypto space from a legal standpoint. Unlike other coins, XRP now has regulatory clarity, which could trigger a major price surge. A conservative estimate suggests that XRP could spike above $10, a level that’s not even three times its previous all-time high.</p>   
<h2 class="wp-block-heading" id="h-the-impact-of-settlement-on-xrp-s-price"><strong>The Impact of Settlement on XRP’s Price</strong></h2>   
<p>When the SEC lawsuit ends, there’s a strong possibility that XRP could experience a sharp spike in price, potentially reaching or exceeding $10. However, once this happens, many short-term traders will likely sell their holdings to take profits, which could cause a temporary retracement in the price.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong><em>Read <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP Price Prediction</a> to uncover the latest insights and forecast trends for this dynamic cryptocurrency in today's market.</em></strong></p>   
<h3 class="wp-block-heading" id="h-what-could-happen-after-the-price-spikes"><strong>What Could Happen After the Price Spikes</strong></h3>   
<p>After a potential spike, it’s likely that XRP might experience a pullback, possibly returning to the $6 range. This retracement could be around 30% from the peak, as traders sell off their XRP to capitalize on the sudden price increase.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732515958719">
  <strong class="schema-faq-question">Is Ripple vs. SEC case over?</strong> 
  <p class="schema-faq-answer">No, the Ripple vs. SEC case is not over yet, but recent developments, including settlement rumors, suggest it may conclude soon.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732515995049">
  <strong class="schema-faq-question">Did the SEC say XRP is not a security?</strong> 
  <p class="schema-faq-answer">No, the SEC has not officially declared XRP as "not a security," but ongoing legal proceedings could provide clarity on its status.</p> 
 </div> 
</div>

SEC Settlement with Ripple: Could This Spark a $10 Rally for XRP?

Table of Contents

CoinPedia News

Other articles published on Nov 25, 2024

Dogecoin Beats Bitcoin with Unmatched Growth Over 10 Years

EIGEN Layer Price Analysis: Why I’m Bullish Long-Term

MicroStrategy’s Premium Surges to 2021 Levels

Ethereum Faces Key Support Level Against Bitcoin

Bitcoin ETF Inflows Hit Record $3.13 Billion as Crypto Market Surges

Gary Gensler’s Departure and Its Impact on Crypto

Join our free newsletter for daily crypto updates!