XRP Lawsuit Outcome: Ripple Price Could Surge 300% If SEC Case Dismissed

Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) has kept investors on edge for years.

As we approach the critical January 15 deadline for the SEC to file an opening brief in the 2nd Circuit Court of Appeals, the market has been abuzz with speculation about the future of the case. The case revolves around whether Ripple’s native cryptocurrency, XRP, should be classified as a security.

With pro-crypto Paul Atkins set to replace current SEC Chair Gary Gensler in January, optimism is building within the crypto community. Many believe that Atkins’ more crypto-friendly stance could lead to the dismissal of the lawsuit.

Legal experts, including XRP-supportive lawyers such as Bill Morgan and Jeremy Hogan, have fueled these speculations, suggesting that the change in leadership may be the turning point in the Ripple case.

Impact of Paul Atkins on XRP Price and Legal Outcome

The prospect of a pro-crypto regulatory environment under Atkins has raised hopes that the XRP lawsuit could be dismissed. This speculation has already begun influencing market sentiment, with a growing number of investors viewing XRP as a bullish asset. Historically, changes in leadership at regulatory bodies often lead to shifts in market behavior, and Ripple supporters are betting on this being one of those pivotal moments.

Ripple’s Chief Technology Officer, Stuart Alderoty, has called for the lawsuit’s end, adding fuel to the growing optimism. If Atkins follows through on expectations to soften the SEC’s stance on crypto, a positive resolution for Ripple could trigger a significant price rally.

XRP Price Predictions: What’s Next for Ripple?

As the lawsuit remains unresolved, Ripple’s price has seen fluctuations. Currently trading around $2.06, XRP has experienced a recent 6% drop. Despite this, XRP’s trading volume has surged by 78%, signaling underlying bullish sentiment. According to CoinGlass data, XRP futures open interest has risen by 2%, indicating potential upward momentum.

Experts are divided on Ripple’s price outlook, with some predicting a major surge if the SEC lawsuit is dismissed. Notable market expert EGRAG CRYPTO has forecasted that XRP could hit $6 by March 2025, with the possibility of reaching between $13 and $27 in the current bull cycle. However, the market remains volatile, and analysts have warned that XRP could dip to as low as $1 before another run-up.

Key Takeaways:

• The XRP lawsuit could be dismissed if Paul Atkins takes action as the new SEC chair.

• Optimism over a lawsuit resolution has driven XRP’s price rally despite recent dips.

• XRP’s price could rise by as much as 300% if the case is resolved in Ripple’s favor.

With the market carefully monitoring the developments, Ripple’s future remains uncertain, but its potential for a significant price rise remains a hot topic among crypto investors.