What are the Odds of an #XRP Rally?
Ripple’s ongoing SEC lawsuit and potential $100 million settlement may impact XRP’s price, with the possibility of a bull run if resolved favorably.
Despite the start of the trial between Ripple and the US Securities and Exchange Commission (SEC), XRP’s price keeps trading in the red, down 5% in a week and plunging by 20% in a month.
Many consider the lawsuit’s outcome as an essential factor that could propel a bull run for the asset (in the event of a decisive Ripple victory, of course). So far, the company has secured three partial court wins, and some see the SEC as the underdog in the legal spat.
It remains unclear when the case will be officially closed. The American lawyer Jeremy Hogan recently suggested that the two parties may shake hands on a $100 million settlement.
