If the XRP lawsuit ends, how high will the price of Ripple rise?
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Price prediction after the XRP lawsuit ends
As the XRP lawsuit progresses, the market is full of expectations for Ripple's price performance. Investors are closely watching the final outcome of the case, especially in the case that the U.S. Securities and Exchange Commission (SEC) may drop the lawsuit. With the new chairman **Paul Atkins** nearing his appointment, market optimism about the lawsuit potentially being dismissed is also rising, with many expecting this to have a positive impact on XRP's price.
Potential impact of the lawsuit on XRP price
Possibility of SEC dropping the lawsuit:
If the SEC decides to drop the lawsuit against XRP, market bullish sentiment towards Ripple may quickly rebound. This is not only due to XRP's legal victory but also because this move could pave the way for Ripple's future growth. With the arrival of a new regulatory environment, especially with potential support from the Trump administration, regulatory policies in the cryptocurrency market are expected to be more favorable.
Impact of new chairman Paul Atkins:
The new chairman of the U.S. Securities and Exchange Commission, Paul Atkins, is seen as a representative of supporting cryptocurrencies, which increases investor expectations for an early end to the XRP lawsuit. Unlike the current chairman Gary Gensler, Atkins is more inclined to create a favorable environment for the cryptocurrency industry, leading many to believe that his tenure might accelerate the resolution of the case.
Change in market sentiment:
With Trump's election and upcoming inauguration, market sentiment remains high. Investors generally believe that the new political environment may bring more lenient regulatory policies for the cryptocurrency industry, keeping the market optimistic about the prospects of the Ripple lawsuit. If the XRP lawsuit can be resolved quickly, investors have reason to believe that the price of Ripple may see a strong rebound.
Recent fluctuations in XRP price
Although the XRP lawsuit is still ongoing, recent changes in market sentiment are also affecting its price. Recently, XRP's price was about $2.06, and trading volume increased by 78%, indicating that market sentiment remains bullish. However, against the backdrop of holiday trading suspensions, the market's rebound has slowed.
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