Ripple’s SEC Case Lifts XRP Prices: What Could Happen Next in the Market?
XRP is up 15.36% in the week as positive developments emerge in Ripple’s legal battle against the SEC. The current appointment of Paul Atkins as the new SEC Chair has created some interest as market participants expect a shift in the agency’s policies. This has raised more questions on the possible change of direction in the case and the future outcome of the cryptocurrency market.
The case between Ripple and the SEC is still ongoing. Ripple pledged $125 million in an earlier settlement in August 2024. However, the SEC filed an appeal in October. This case has left XRP in a rather unchartered legal territory for several months now. Atkins has been associated with avoiding enforcement actions and is likely to be instrumental in the final decision-making process.
