• Pundits believe the current low price of XRP is a ‘final shakeout’ before a massive rally.

  • The Ripple-SEC lawsuit is expected to conclude this month, with key dates being July 13 and July 31.

  • Historical patterns and market sentiment suggest XRP could break its all-time high of $3.84.

Pundits in the crypto community believe that those not buying XRP now at its low could be missing out on significant profit potential, calling the current period the “last shakeout.” This view has emerged amid recent developments and the impending outcome of the lawsuit with the SEC.

At press time, XRP is trading at $0.4368, recovering slightly from its recent low of $0.3911 two days ago, its lowest price in over a year.

Many market watchers have been sharing historical charts of XRP, highlighting its explosive growth in 2014 and 2017, with the latter surge reaching an all-time high (ATH) of $3.84. They believe a similar scenario is unfolding, particularly with the Ripple-SEC lawsuit expected to conclude this month. 

As a result, this period is being described as the “final shakeout” before a potentially massive price surge.

Imagine now the final market shakeout has just taken place and the next big event this month is the final settlement between Ripple and the SEC ⚖️The worst time to quit on #XRP is right now! pic.twitter.com/PeMqrxTMFS

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) July 6, 2024

Notably, the prediction about the lawsuit’s conclusion this month comes from prominent pro-XRP lawyer Fred Rispoli, who suggested that Judge Analisa Torres may issue the ruling on July 31. Rispoli also noted that July 13 could be a possible date, given its significance in the XRP community as the day Judge Torres ruled that XRP is not a security in 2023.

Emphatically, July 13 holds sentimental value as it marks the anniversary of Judge Torres’ ruling last year. However, the judge also ruled that Ripple’s institutional sales of XRP violated Section 5 of the Securities Act, a part of the case awaiting final verdict this month.

In addition to Rispoli, Yassin Mobarak, the founder of Dizer Capital, has also predicted that Judge Torres will issue the final judgment this month. As the anticipation builds, pundits expect XRP to embark on a rally that could potentially break its six-year-old ATH in the coming days.

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