XRP News Today: SEC Settlement Talks Lift XRP – A Turning Point? (2024)

FAQs

Did XRP gain 3.61% as SEC settlement talks rescheduled? ›

XRP gained 3.61% on Saturday, July 20, closing the session at $0.5939. A rescheduled SEC closed meeting rekindled hopes of a settlement in the Ripple case. On Sunday, July 21, SEC vs. crypto case-related chatter requires consideration.

If the dispute with the SEC reaches a favorable final conclusion, it's reasonable to anticipate that investor interest in XRP could spike. This would likely fuel new growth and potentially lead to an uptick in its price.

A final wildcard in the legal tussle over XRP and other cryptocurrencies is the slow nature of the appeals process, meaning that any higher court ruling in the Ripple case is highly unlikely before 2025 while any Supreme Court ruling would almost certainly have to wait till 2026 or later.

Ripple's lawsuit settlement with a $125 million fine establishes XRP as a non-security in the US, boosting market confidence. XRP surged 27% post-settlement, reaching $0.64, with potential to rise to $0.97 due to improved fundamentals and favorable macroeconomic conditions.

Ripple secured a partial victory in July 2023, with the court ruling that only institutional sales of the XRP token, not programmatic sales to retail investors, were unregistered securities offerings.

AMBCrypto suggests that XRP could reach $1.33 by 2025. This prediction is based on the overall positive sentiment surrounding XRP in the long term. Analysts at Changelly have set a minimum price target for XRP by 2030 at approximately $5.21, with a potential maximum peak of around $6.31.

With a Gamma-Ray Burst, the Price of XRP Could Reach $200, According to a Crypto Analyst | koinmilyoner on Binance Square. Cannot find this content.

This is the timeline for a ruling in the Supreme Court and according to the pro-XRP attorney, Ripple is likely to win “hands down.” In this scenario, the 75,000 XRP holders whose interests Deaton represents would receive compensation or payback.

How high can XRP go? ›

If the crypto market cap hits $3 trillion and XRP retains its current 1.10% dominance, its price could ascend to $0.589 by 2025. In a more bullish scenario of the crypto market surging to $10 Trillion, the price of XRP could soar to a staggering $1.96, resulting in a potential 4x return for investors by 2030.

Summary: Is XRP Dead? XRP as a project is far from dead – it continues to form partnerships with financial institutions.

The end of the SEC case in the coming months, especially if the penalties for the institutional sales of XRP are light, could boost XRP's price, but whether the price will stay high or fall afterwards is yet to be seen.

For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301.

The all-time high of XRP is $3.84.

Ripple Labs won the case, with Judge Torres ruling that Ripple did not violate the law when XRP was sold on public exchanges. Judge Torres cuts the fine for Ripple by 94%, the case is over.

The long-awaited SEC lawsuit against Ripple Labs over XRP's status as a security could see a resolution by summer 2024. A long-awaited decision in the SEC's lawsuit against Ripple has been anticipated to arrive by summer 2024.

XRP Lawsuit Update: Ripple Remains Confident Outcome

In its recent Q2 2024 XRP markets report Ripple highlighted its confidence in the ongoing lawsuit against the SEC. The firm noted, “July 13 marked the one-year anniversary of Ripple's landmark win against the SEC.

The SEC concluded that it seeks to settle with Ripple at $102.6 million, which is considered significantly lower than a previously discussed penalty but still deemed necessary to deter future misconduct.