A market commentator presents something XRP The price could rise once the legal dispute between Ripple and the US Securities and Exchange Commission (SEC) is resolved.
The ongoing case between Ripple and the US Securities and Exchange Commission (SEC) has implications for XRP. With the case now in the appeal phase, market participants and analysts are speculating about the possible impact of its resolution on the XRP price.
Notable XRP proponentDigital Asset Investor (DAI) recently presented an optimistic outlook. He posted a comment from an AI chatbot that suggested that XRP could reach new all-time highs once the case is over.
The legal dispute between Ripple and SEC
For comparison: After years of legal disputes, a decisive judgment came on July 13, 2023. Judge Analisa Torres explained that XRP is not a security, marking a major turning point for the asset’s regulatory status. This decision had a significant impact on the market value of XRP last year.
However, after the final ruling in August 2024, the SEC responded with a submission filed an appeal on October 17 challenging parts of the verdict. As part of the appeal process, the securities agency Is necessary To Submit the opening letter by January 15, 2025.
Still, some believe that the impending SEC leadership will come with the Donald Trump candidate Paul Atkins possibly at the helm of affairs, could bring the case to an abrupt end. They assume that this decision will have possible consequences for XRP.
Optimistic XRP price predictions from DAI
Despite this optimism, the extent of XRP’s potential upside following the possible resolution remains unclear. As a result, Digital Asset Investor (DAI) wanted Insights from an AI chatbot.
Drawing comparisons…
