Ripple and SEC's lawsuit has a big reversal! The fate of XRP price is undecided
The legal battle between Ripple and the SEC is staging a wonderful reversal, which is related to the future direction of XRP. Now that Paul Atkins has taken the top position at the SEC, there are rumors that he may just call off the lawsuit. Let's take a look at these two possible scenarios and their impact on the price of XRP!
Scenario 1: SEC withdraws the lawsuit
If the SEC really withdraws the lawsuit, the price of XRP may soar to more than $3.55. Investors must be full of confidence, and the price of XRP will naturally rise. Ripple wins this lawsuit and can also set a benchmark for global cryptocurrency regulation and point out the direction.
Scenario 2: SEC appeals
But if the SEC chooses to appeal, the price of XRP will be hanging, and it may fall below $1.5. Appealing means waiting, uncertainty continues to shroud investors, and investors are in a state of anxiety. The entire crypto market will be affected and the price will fluctuate more.
XRP price status
The current XRP price is $2.16, and it has fallen by 4% in 24 hours. The highest price reached $2.25, and the lowest price fell to $2.13.
Expert opinion
A crypto analyst said that if the lawsuit is dismissed, XRP will have to rewrite the rules of the game; if it appeals, it may suffer a loss in the short term, but in the long run, it can bring some clarity to the market. He also reminded investors not to be swayed by emotions and to keep an eye on the SEC's movements.
What should XRP holders do
XRP holders, you have to pay attention and keep an eye on the latest news from the SEC. Once the price fluctuates, it is your opportunity, you can consider buying at a low price. Also, don't rush to sell, market fluctuations are normal, you have to be patient.
