Category: Crypto News, News

Here’s How High XRP Could Rise if SEC Drops Ripple Lawsuit Per Latest Credible Rumors

XRP could rise by substantial margins if it reacts favorably to the upcoming settlement between the U.S. SEC and Ripple.

After more than four years of litigation, the U.S. Securities and Exchange Commission (SEC) may soon dismiss its lawsuit against Ripple, according to recent disclosures. 

Under the leadership of acting Chair Mark Uyeda, the SEC has already dropped multiple cases and investigations involving firms like Coinbase and Consensys. However, Ripple’s case has remained active, largely due to the permanent injunction placed on its XRP sales to institutional investors.

According to leading crypto journalist Eleanor Terrett, Two top sources have confirmed that Ripple is actively negotiating with the SEC to lift this injunction before the case is officially dismissed. This has bolstered anticipation within the market as investors speculate on how XRP’s price might react once the lawsuit concludes.

How High Could XRP Surge Post-Settlement?

With the possibility of a final resolution on the horizon, market participants expect a strong bullish reaction for XRP. In July 2023, when Judge Analisa Torres ruled that XRP was not a security, the asset skyrocketed by 101%, surging from $0.4709 to $0.9479 before undergoing a correction.

Given this historical precedent, most believe that a full settlement could trigger an even larger rally. However, the magnitude remains uncertain, depending on factors such as market sentiment, regulatory clarity, and institutional demand.

To get some projections, The Crypto Basic consulted AI chatbot ChatGPT, which provided multiple scenarios based on different levels of price appreciation.

Potential XRP Price Scenarios After a Settlement

ChatGPT outlined three possible price trajectories depending on how strongly the market reacts to the news. The first scenario considered a similar 101% rise. If XRP replicates its July 2023 reaction to legal clarity, it could jump by 101% from its current price of $2.23. This would result in a new all-time high of $4.48.

However, the AI chatbot noted that a final settlement might provide even greater bullishness for XRP, leading to stronger bullish momentum. If the price jumps by 150%, it will reach a price of $5.58.

Meanwhile, ChatGPT also considered a scenario where both regulatory clarity and a broader crypto market bull run drive XRP’s adoption. In such a scenario, the chatbot says the token could surge by 200%, pushing it to $6.69.

Here’s How High XRP Could Rise if SEC Drops Ripple Lawsuit Per Latest Credible Rumors
XRP Price Prediction | ChatGPT

According to ChatGPT, several factors will determine how high XRP can climb after a settlement. These factors include regulatory clarity, market conditions, institutional and retail demand, as well as FOMO and speculation.

Nonetheless, market expert Dom believes these projected targets might not materialize. According to him, with the market already expecting the settlement, the element of surprise is lost, potentially subduing any price upsurge. Secondly, he noted that the settlement focuses more on Ripple than XRP.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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