XRP's price has surged dramatically after the announcement that Gary Gensler will step down as SEC Chairman in January 2025, triggering speculation about a possible resolution to the ongoing lawsuit between Ripple and the SEC. Some believe the SEC may seek a settlement before Gensler’s departure, hoping to salvage a win. However, former SEC attorney Marc Fagel disagrees, pointing out that the SEC has already won "half the case."
Fagel's Insight:
Fagel expressed doubt that the SEC will settle, stating, “They already won half the case. I don’t know why the same commissioners who voted to appeal the other half would reverse course now. Possible, but seems unlikely.” This suggests that a settlement may not be in the cards, and the lawsuit could drag on.
What’s Next for Ripple and XRP?
Despite the uncertainty surrounding the lawsuit, XRP's price has risen to $1.5, with strong bullish momentum. Experts predict it could hit $2 soon, especially as developments like the XRP ETF launch in the U.S. and the listing of physical XRP on major European exchanges gain momentum.
Ripple's CEO Brad Garlinghouse remains optimistic, and the exit of Gensler may pave the way for a more favorable regulatory environment for XRP. Legal experts, including Jeremy Hogan, suggest the lawsuit could reach its conclusion by spring or early summer 2025.
Key Takeaways:
XRP's bullish momentum is strong, with predictions for a potential surge to $2.
Ripple's chances for a favorable resolution in the SEC lawsuit are looking brighter post-Gensler's departure.
Strategic moves like the XRP ETF launch could further fuel XRP’s price rally.
📈 Are you holding XRP? With Gensler stepping down and positive market momentum, XRP could be set for explosive growth. Let’s see if it hits $2 in the near future!
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