LIVE
XRP Price Prediction: Ripple vs SEC Signals XRP Climb To $10? 👀🚀
XRP price prediction: Holders of XRP are optimistic as the Ripple vs. SEC lawsuit concludes the remedies phase. The technical structure foresees a breakout above $1 amid a $10 run forecast.
XRP price prediction: The Ripple vs SEC lawsuit completed the last stage of the remedies’ phase on May 6 as the Securities and Exchange Commission (SEC) filed its reply to Ripple’s arguments on May 22.
Meanwhile, prices in the crypto market remained shaky despite clawing back the losses from last week’s sell-off. The price of XRP rebounded from $0.4786—a recent bottom topping out at $0.57. However, the high volatility in the market curtailed further movement, favoring a correction to $0.5415—the current market value.
What’s Next In The Ripple Vs SEC Lawsuit
Following the submission of the last response from the SEC, the lawsuit entered its homestretch. While the documents filed by the agency remained sealed, the court is expected to release to the public redacted versions on May 8.
Based on the timelines provided, experts predict that the presiding Judge Torres could give the final ruling in the third quarter of the year around September.
While the finish line for the longstanding court battle seems nigh, it might not end there due to a potential appeal. At the same time, there is a probability for the two conflicting parties to agree on a settlement, thus bringing the matter to rest before the ruling.
Investors have shown their resilience to stick with XRP with some optimistically looking forward to a larger breakout in the token’s value later in the year.
LIVE