The legal battle between the American Securities and Exchange Commission (SEC) and Ripple has been holding the crypto world in its grip since December 2020. Lawyer Bill Morgan now warns that this long-term uncertainty has a heavier impact on the XRP course than many investors realize.
Hope for settlement keeps the market insecure
Although investors hoped for rapid completion, a definitive breakthrough is not forthcoming, despite recent positive developments. Since January, when XRP reached a local peak of $ 3.39-just below the All-Time High (ATH)-the race is under heavy pressure. In the meantime, XRP acts considerably lower, while investors are still waiting for clarity.
At the moment, according to analysts, XRP could have acted at least around $ 3.93 if there was no uncertainty about the court case.
New SEC chairman provides hope
Since the arrival of interim chairman Mark Uyeda at the SEC, there seems to be finished movement in the case. Uyeda takes on a milder position against the crypto sector and under his leadership, lawsuits against other large crypto companies such as Coinbase, Uniswap and Kraken reconsider or watered down. This feeds the hope that Ripple will soon also expect positive news.
If Ripple ultimately wins the case or affects a favorable settlement, that could not only mean a substantial increase in price for XRP, but also send a positive signal for the wider cryptomarket.
Markt continues to wait tense
According to recent reports, both parties are in conversation with each other, but a definitive settlement or ruling is not forthcoming. The big question remains: how long does this uncertainty last? For the time being, the market continues to wait breathlessly for a solution, while the cryptomarkt is eagerly looking forward to a final decision.
Until that time, XRP investors remain in uncertainty, and the legal struggle between Ripple and the SEC remains an important factor in sentiment around Crypto.
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Source: https://newsbit.nl/advocaat-waarschuwt-ripple-rechtszaak-kost-xrp-miljarden-aan-gemiste-groei/
