Legal Resolution Boosts Market Confidence:
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been a significant overhang for XRP. A favorable resolution, which many analysts expect by mid-2024, could lead to a significant boost in market confidence and an increase in XRP's price. Such an outcome would likely affirm XRP's status as a non-security, encouraging broader adoption and investment (DailyCoin) (TimesCryptoNews).