According to CryptoPotato, Ripple’s XRP experienced a significant price resurgence in mid-March, surpassing the $0.70 mark. However, it has since seen a substantial decline, recently falling below the $0.40 level for the first time in over a year. Currently, the token is valued at around $0.51, based on CoinGecko’s data. Some industry participants believe that a potential revival of XRP’s price hinges on a favorable outcome in the ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC).

The case, which began in December 2020, involves allegations by the SEC that Ripple conducted unregistered securities offerings through XRP sales. The lawsuit reached its trial stage in April this year, marking the final phase of the legal battle. Despite this, a final resolution may still be some time away due to the complexity of the legal process and potential appeals from both sides. American attorney Fred Rispoli has suggested that an agreement could be reached as early as this month.

One of the major issues in the dispute is the potential fine Ripple might face. Initially, the SEC sought a $2 billion penalty, while Ripple argued for a sum no larger than $10 million. Recently, the SEC proposed a reduced fine of $102.6 million. The outcome of this case is seen as crucial for the future price movement of XRP.

In a related development, ChatGPT was asked whether XRP could surpass Ethereum (ETH) in market capitalization if Ripple wins the lawsuit. The AI-powered chatbot predicted that while a legal victory could significantly boost XRP’s value, surpassing ETH would require additional factors. ChatGPT highlighted that Ethereum’s current market capitalization is over $370 billion, nearly 15 times larger than XRP’s. It also noted Ethereum’s strong position in the industry, supported by its extensive ecosystem, including decentralized applications (dApps) and smart contracts, which drive its utility and value.

For XRP to flip ETH in market cap, ChatGPT suggested that it would need substantial adoption and utility beyond its current use cases. This would likely require widespread institutional adoption and favorable regulatory environments globally. The ongoing legal battle and its outcome remain critical factors in determining the future trajectory of XRP’s price and market position.