Ripple CEO Confirms SEC Appeal Dropped – What’s Next for XRP?

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  • Ripple’s potential IPO and expansion of banking partnerships could reshape its future after the SEC lawsuit resolution. 
  • XRP’s price could surge toward $4.80 if the lawsuit ends favorably, with key support levels at $2.27 and $2.16.

Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) is finally seeing a shift, as the company’s CEO recently confirmed that the SEC has dropped its appeal regarding the case. With the lawsuit nearing its conclusion, experts and analysts are now focusing on what lies ahead for XRP and the broader Ripple ecosystem.

As we pointed out in our previous post, the Ripple vs. SEC case has been a lengthy legal dispute that has affected the crypto community. As the case edges toward a conclusion, the industry prepares for possible developments that could reshape Ripple’s future. 

According to industry insiders, the lawsuit’s resolution could lead to major shifts for Ripple, including the upcoming Initial Public Offerings (IPOs) and an expansion of partnerships with major banks.

One of the most anticipated developments following a lawsuit victory is Ripple’s potential IPO. With a company valuation of $11.3 billion, Ripple can leverage the lawsuit’s resolution into a highly anticipated public offering. 

An IPO could open new investment opportunities, benefiting the company and its early stakeholders. Ripple’s share buybacks have also raised the company’s profile, leading to speculation about its future trajectory.

Ripple has long been a key player in the blockchain and payments, boasting over 300 banking partners. A positive outcome in the lawsuit could accelerate the company’s ability to expand these relationships, with experts predicting that Ripple could secure deals with major financial institutions such as Bank of America, American Express, and Santander.

Ripple’s Growing Role in Central Bank Digital Currencies

Beyond IPO talks, Ripple’s involvement in Central Bank Digital Currencies (CBDCs) could gain momentum. The company is currently testing CBDC projects in countries like Colombia and Palau, and a favorable ruling in the SEC case may provide the legal clarity needed to advance these projects.

In addition, Ripple’s efforts to expand its stablecoin portfolio through the XRP Ledger (XRPL) have shown promise. The RLUSD stablecoin has experienced significant adoption and growth, positioning it as a competitor to established players like Circle’s USD Coin (USDC). Recently, Ripple resumed minting RLUSD, issuing 6.5 million coins, signaling that the company is gearing up for broader use in the stablecoin market.

What’s Next for XRP and the SEC Lawsuit

As the Ripple vs. SEC case moves closer to resolution, legal experts predict that XRP could see price movements. Analysts predict that if the lawsuit is resolved in Ripple’s favor, XRP could surge to levels as high as $4.80. At the time of writing, XRP is trading at approximately $2.50 with a market cap of $133.36 billion, but the growing anticipation surrounding the case could drive future price action.

XRP’s price has been consolidating within a descending triangle pattern, with key resistance levels at $2.37 and $2.47. Support is holding strong at $2.27, and if the price breaks above $2.37, analysts expect a rally toward $2.47 and $2.55. However, failure to hold the $2.27 level could lower the price, potentially testing the $2.16 and $2.05 support zones.

Source: TradingView





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