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If you think $SOL is dead, you need to know this:

In the past 4 years, Solana has retraced more than 40% multiple times.

In the current 2024-25 bull market, it has done that 3 times so far.

But that's the thing about Solana, no matter how hard it dumps, it always bounces back.

We've seen this during the bear market where it dropped below $10, and it came back with absolute vengeance.

Don't let the short-term noise fool you.

The SEC (U.S. Securities and Exchange Commission) has recently held a closed-door meeting on 27th February, 2025 – which sparked speculation about the Ripple lawsuit’s future. SEC has been quite merciful towards cryptocurrencies and dropped cases against major firms, like Robinhood, Coinbase, and Uniswap. So, many traders are wondering if Ripple’s future is supposed to be on the same path or not. 

What’s the Ripple Lawsuit? 

During the wake of the COVID-19 pandemic in December 2020, Ripple was sued by the SEC. The organization claimed that Ripple was selling XRP as an unregistered security. However, Analisa Torres, the judge for this case, made it clear that XRP isn’t a security protocol or tool itself – which, in turn, weakened the case of SEC even more. Now, with the pressure mounting on the SEC gradually, as XRP keeps on growing in the market, many consider that the agency might move on from their claim. 

According to reports, the officials of SEC have discussed settlements and legal matters in a recent meeting. While the details were kept a secret, many theories have claimed that the case of Ripple was also discussed during the meeting. Marc Fagel, the former SEC lawyer, doesn’t consider this to be a sign of progress – however, Bill Morgan, a pro-XRP lawyer, thinks XRP has the upper hand. 

What’s the Future of XRP? 

Due to the political unrest, the prices of cryptocurrencies have been on a downward trend for a while. XRP has experienced a drop of 8.19% recently with the market cap already hitting USD 142bn.  

However, if SEC withdraws this case in the future, the price of XRP could rise sharply. Some people are also predicting a jump from $2.03 to $3.20 within a small amount of time.

The post Closed-Door SEC Meeting Sparks Frenzy Over Ripple (XRP) Lawsuit Dismissal  appeared first on Coinfomania.

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