The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has long been considered a landmark case for the cryptocurrency industry. Recent developments suggest that a resolution—or even a dismissal—could be on the horizon. With Donald Trump’s re-election and his administration’s pro-crypto stance, speculation has intensified regarding the outcome. Ripple CEO Brad Garlinghouse has expressed optimism, hoping for a favorable resolution under the new administration.
Garlinghouse has shared a “100-day checklist” highlighting his hopes for regulatory clarity, including the removal of SEC Chair Gary Gensler. As the case nears its conclusion, the world is eagerly awaiting November 21st to see what unfolds—will the case be resolved, dismissed, or take an unexpected turn? Analysts offer varying perspectives on the potential outcomes.
Read on for insights into XRP price predictions following the Ripple vs. SEC lawsuit. What impact could regulatory clarity have on XRP’s future price trajectory?
Ripple, XRP, and the Impact of Gensler’s SEC
The SEC’s approach to the Ripple case, particularly under Gensler’s leadership, has sparked controversy and debate. Ripple’s CTO, David Schwartz, has criticized the SEC’s broad interpretation of “investment contract,” arguing that it has complicated securities law. He emphasized that Ripple is accountable to its shareholders, not XRP holders, challenging the SEC’s claim that XRP qualifies as a security.
Many pro-XRP attorneys, including Bill Morgan, support this perspective, highlighting Judge Torres’ ruling that Ripple’s programmatic XRP sales do not meet the “Howey test” for securities. This ruling is seen as a potential advantage for Ripple. However, opinions remain divided. Former SEC lawyer James Farrell argues that a complete dismissal of the case is unlikely, given the regulator’s significant investment in this high-profile lawsuit. Instead, Farrell and others predict the possibility of a settlement.
Could a New SEC Chair Change Everything?
The cryptocurrency community closely monitors the situation as Gensler faces growing calls for resignation. Even the American Securities Association (ASA) has advocated for his departure. Historically, SEC Chairs have stepped down following a change in U.S. administration, fueling hopes that new leadership could bring more favorable policies for the crypto industry.
Notably, this pattern has been observed in past transitions:
- Nov. 8, 2016: Trump elected
- Nov. 14, 2016: Mary Jo White (SEC Chair) announces her resignation
- Nov. 3, 2020: Biden elected
- Nov. 16, 2020: Jay Clayton announces resignation
- Nov. 5, 2024: Trump elected
- Nov. __, 2024: Sec Chair announcement pending
Many believe that new leadership could alleviate some regulatory challenges facing Ripple and other crypto companies, fostering collaboration rather than litigation.
XRP Market Reaction
Amidst the anticipation, XRP, the eighth-largest cryptocurrency, has experienced a surge of over 15%, climbing to $0.67 as traders anticipate a rally to $1 if regulatory challenges ease. XRP trading volume has also seen a dramatic increase of over 160% in recent days, reflecting the community’s optimism for a resolution.
XRP has broken out of its recent $0.487-$0.566 range and surpassed the daily 50 and 200 moving averages, which previously limited its price. The current rally faces resistance at $0.70, with support anticipated around $0.60 and $0.579 if a pullback occurs. However, surpassing $0.70 could prompt a test of the year’s high at $0.74.
Some experts suggest that a potential “altcoin season” could further boost prices, leaving XRP holders eagerly awaiting the SEC’s next move. An important appeal filing is scheduled for January 15, 2025.
What is XRP?
XRP is a cryptocurrency created by Ripple Labs, designed to facilitate fast, low-cost cross-border payments. Operating on the XRP Ledger, it enables efficient transactions without the need for traditional intermediaries.
Will XRP Explode?
XRP could experience significant growth if the Ripple vs. SEC case resolves favorably. Market optimism has already driven a 15% price surge, and regulatory clarity, along with potential leadership changes, may further enhance its value in the upcoming months.
