The US regulator’s latest objection to the case against Ripple could prompt market participants to be more cautious about XRP in the short term, according to crypto analysts. These comments were made despite the fact that the ruling that XRP is not a security was not directly challenged. The objection sought a review of court rulings regarding Ripple’s XRP sales on exchanges and the personal XRP sales of CEO Brad Garlinghouse and co-founder Chris Larsen.

Legal uncertainty could widen XRP’s price volatility. Bitget chief analyst Ryan Lee said XRP could fluctuate between $0.50 and $0.80 by the end of the year, but that projection is dependent on regulatory developments and sentiment shifts, particularly in the US market.

Ripple’s chief legal officer Stuart Alderoty suggested that the briefing process could extend to July 2025. XRP is currently trading at $0.55 and is up 0.42% since October 18. Lee said that a positive decision or increased international support for Ripple could lead to a significant increase in the XRP price, while a negative result could push the price down.

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