The XRP race made a solid leap last week and is now at $ 2.92, good for an increase of almost thirty percent.
That happens at a striking moment: the long -term lawsuit between Ripple and the American regulator SEC almost seems to be over. But from the sec it remains remarkably quiet. What’s going on? A former SEC lawyer provides text and explanation.
Ripple versus SEC: end in sight?
According to former SEC lawyer Marc Fagel, both Ripple and the American stock market watchdog SEC have withdrawn their appeal. Ripple CEO Brad Garlinghouse has previously confirmed that his company has dropped the counter profession. It remained silent from the SEC, but according to Fagel that is no reason for concern. There is simply a standard procedure: as soon as the internal vote has been completed at the SEC, the profession will also be officially withdrawn there.
Nobody stops the case, Fagel emphasizes. Not the judge – he doesn’t have to decide anymore – and not the SEC either. If everything goes according to plan, the legal chapter can be closed within a few weeks. And that would mean a huge relief after almost five years for Ripple and for the XRP course.
Five years of uncertainty weighs heavy
The SEC started in 2020 with the legal offensive against Ripple. The core of the indictment: XRP would be an effect, and Ripple would have violated the law when selling it to large investors. The XRP course suffered from uncertainty for years.
Only in 2024 did a partial judgment. Ripple had to pay $ 125 million, but the sale of XRP at trade fairs was not considered illegal. The latter opened the door for recovery. However, the SEC decided to appeal. Ripple followed with a counter profession. It seemed to be re -litigating on years. Until the case, under the influence of changed relationships in Washington, slowly came to a halt.
XRP race: On the way to all-time high?
With the legal chapter almost completed, the market looks ahead. The previous record price of XRP was at $ 3.40, in 2018. Last January, the coin came very close by with a peak of $ 3.39. With the current rate of $ 2.92, XRP only has to rise around sixteen percent.
And it doesn’t stop with legal news. According to Bloomberg analyst James Seyffart, there is a good chance that a Spot Exchange-Traded Fund (ETF) for XRP will be approved this year. He estimates that chance of 95 percent. Such ETF can, just like with Bitcoin (BTC), loosen billions to institutional money.
Source: https://newsbit.nl/alleen-nog-formaliteiten-advocaat-onthult-wat-er-speelt-in-ripple-rechtszaak/
