The ongoing legal battle between Ripple and the SEC has impacted the price of XRP. Market participants and analysts are speculating about the potential effects of the resolution of this case on XRP's price. Digital Asset Investor (DAI) presented an optimistic outlook, sharing a commentary from an AI chatbot that suggested XRP could reach new all-time highs once the case concludes. The ruling in July 2023 declared that XRP is not a security, but the SEC appealed the decision in August 2024. The potential resolution of the case, possibly under new SEC leadership, could have significant consequences for XRP. Based on historical trends, the AI chatbot calculated that XRP could experience a 66% increase, reaching a potential value of $3.62, once the lawsuit concludes. However, other factors such as regulatory developments, market sentiment, and Ripple's business progress could also influence XRP's price movement. Some market analysts have set even higher price targets for XRP, ranging from $6 to $10.
- Content Editor ( thecryptobasic.com )
- 2024-12-30
Expert Sets XRP Price Target Once a Resolution of Ripple vs. SEC Lawsuit Comes