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Earlier in August, the XRP community received positive news when the court ruled that Ripple Labs should pay a $125 million fine to the United States Securities and Exchange Commission (SEC) for selling unregistered securities. However, the regulator expressed dissatisfaction with the decision, leading to an appeal. Naturally, this appeal has further delayed the conclusion of the 4-year battle, but the eventual outcome could be highly bullish for the XRP price.
The XRP Crash Before The Surge
While the SEC and Ripple continue their court battle, a pseudonymous crypto analyst on the TradingView website, known as AnalysisParalysis, has shared their expectations for XRP’s price. The analyst predicts a significant rally for the altcoin, but not without an initial decline triggered by the SEC appeal.
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According to the analyst, the SEC’s appeal is expected before October 6, 2024. During this period, they anticipate that XRP’s price will struggle. “I believe this will be the catalyst that causes XRP to crash just before it goes on a massive upward movement,” the analyst stated.
The initial crash is expected to be around 30%, potentially pushing the price as low as $0.33. Following this, the analyst expects a significant uptrend, with XRP easily surpassing $1 and moving towards new all-time highs.
The crypto analyst speculates that XRP could rise as high as $8.80, representing a 2,566% increase from the expected low of $0.33. This surge is projected to occur sometime between June and September 2025.
The State of the Ripple vs. SEC Lawsuit
Currently, the battle between Ripple and the SEC continues, with the regulator appealing the court’s decision that secondary programmatic sales of XRP tokens do not constitute a securities offering. The outcome of the appeal remains highly debated, but securities lawyer Marc Fagel has outlined various possibilities.
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In a post on X (formerly Twitter), Fagel stated, “The Court of Appeals could conclude the district court erred in stating that XRP is not itself a security; and if it is, then the holding on programmatic sales gets reversed. But they could also reverse the programmatic sales without addressing the question of XRP being a security per se (as seems more likely).”
Regardless of how the appeal plays out, the consensus is that a final resolution to the battle between Ripple and the SEC would be beneficial for XRP’s price. Projections following the outcome range from a price tag of $1 to as high as $100.
Price maintains uptrend despite market decline | Source: XRPUSDT on Tradingview.com
