The SEC has officially dropped its lawsuit against Ripple ending a four-year battle. Ripple CEO Brad Garlinghouse confirmed the news announcing that the SEC will no longer appeal Judge Torres’ ruling. This clears up XRP’s status ensuring it’s not a security and giving the crypto market a major boost.
Since the announcement, XRP’s price has surged more than 10% hitting $2.52. With the lawsuit behind it experts are predicting more upward momentum. But before jumping in let’s take a deeper dive into what’s ahead for XRP.
Ripple’s Legal Battle with the SEC: What’s Next?
The SEC’s lawsuit against Ripple began with accusations that the company sold unregistered securities. However, in July 2023, Judge Torres ruled that XRP itself wasn’t a security. She did rule that Ripple’s institutional sales were illegal but its programmatic sales on exchanges were deemed fine.
After filing an appeal, the SEC has now chosen to drop it. By stating unequivocally that XRP is not a security this ruling eliminates any doubt about its classification. Ripple’s institutional sales, however, nonetheless result in a $125 million punishment. Should that punishment be lowered, the price of XRP may increase even further.
XRP Price Prediction: Can It Continue to Rise?
XRP’s recent surge is a good sign, but Coinfomania analysts believe there’s room for even more growth. Some projections show that XRP could hit $5 to $8 by the end of 2025. The confirmation that XRP is not a security could also pave the way for a spot XRP ETF which might attract institutional investors.
But some experts suggest that XRP may not rise steadily from here. Analysts note that we could see some sideways movement or even a slight dip before the price takes off. If you’re looking to buy waiting for a dip to $2.20 or a breakout above $2.80 could be wise.
What’s Ahead for XRP Price?
The current price of XRP is $2.47. According to Coinfomania specialists, it may increase by 48.42% by April 19, 2025 and reach $3.72. It is $2.45 for the 50-Day SMA and $1.66 for the 200-Day SMA for XRP. People in the market are feeling good.
According to projections, XRP will rise 4.79% from its current price to $2.61 by March 24. It would be time to consider purchasing since the current momentum is supported by solid technical indicators.
For more on the latest XRP news, stay tuned for further updates on Ripple and its impact on the crypto market.
