XRP Could Be Destroyed as Ripple vs SEC Lawsuit Delays Resolution, Expert Warns
- Ripple vs. SEC Lawsuit.
- Uncertainty looms over XRP.
- Price impact with postponement.
The protracted legal battle between the Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continue to be a source of uncertainty for XRP. While Donald Trump’s election has sparked optimism in the market, the lack of progress in the Ripple vs. SEC case raises some concerns about the cryptocurrency’s future and the impact on its price.
Amid the recent scenario, pro-crypto lawyer Bill Morgan highlighted, in a statement on his official X account, his concern about the negative impact that it may have on XRP in the face of continued uncertainty related to the case.
“As the weeks and months go by, I increasingly wonder whether, despite all the rumors of a settlement, the ongoing uncertainty about whether the SEC v Ripple appeal will end or continue will ultimately put increasingly downward pressure on the price of XRP,” wrote Morgan in a post on the X platform on March 17.
The delay in resolving the case could have significant consequences for XRP, affecting its adoption and market value. Regulatory uncertainty could dissuade investors and businesses from using XRP, hindering its growth potential.
It is worth noting that the cryptocurrency market wait We are looking forward to April 16, the date on which a US court is expected to issue its final verdict on the lawsuit filed by the US SEC against XRP, Ripple’s native token. The decision, which could have a significant impact on the future of cryptocurrency, comes at a time of change in the US political landscape, with favorable measures for the crypto sector imposed by President Donald Trump.
The legal battle began in December 2020 when the SEC accused Ripple of selling XRP as an unregistered security, resulting in a nearly 80% drop in the price of XRP. This case appears to be heading toward a conclusion in 2025.
At the time of publication, XRP’s price is trading at $2,24, down 3.6% in the last 24 hours. The asset has seen a 7% increase in its price this week.
XRP at $13? SEC-Ripple deal promises explosive growth
A possible agreement between the US Securities and Exchange Commission (SEC) and Ripple Labs, ending the long legal battle that has been hanging over XRP, has been growing in the community as well as speculation about the impact on the token's price.
The resolution of this legal imbroglio, combined with the possibility of approval of an XRP exchange-traded fund (ETF), has generated optimistic projections, with some analysts predicting a jump in the token's price from its current level of around US$2,34 to a range between US$7 and US$13.
Crypto analysts point to historical patterns in similar cases, where positive decisions have driven rapid and significant price jumps. Market analyst known as “TheCSCrypto” on X, for example, predicts a price increase for XRP in the range of $7 to $13 per token.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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