As the crypto community anticipates the potential exit of Gary Gensler in January 2025, speculation is rife about the impact on the ongoing XRP lawsuit. With XRP’s price surging over 20% to $1.52, many are wondering whether this marks the beginning of a significant upward trend, especially if the Ripple vs. SEC case is dismissed early next year.
Timeline for Ripple vs. SEC
The Ripple vs. SEC lawsuit has been a focal point in the cryptocurrency arena, and recent predictions suggest a possible conclusion by spring or early summer of 2025. Pro-XRP lawyer Jeremy Hogan’s forecast has caught the attention of market participants, as this case represents one of the most prolonged and high-profile crypto legal battles to date. Observers speculate that Gensler’s departure could catalyze resolutions in various crypto-related SEC cases, potentially signaling a pivotal moment for the industry.
Ripple’s Growing Momentum
Amidst the legal proceedings, XRP is gaining traction both in interest and price. Recent developments such as the launch of the WisdomTree Physical XRP ETP on major European exchanges have fueled discussions of a potential XRP ETF in the U.S. Legal experts like Jeremy Hogan and John Deaton remain optimistic, with Deaton envisioning a future where XRP’s market capitalization could soar to $100 billion as regulations evolve.
Furthermore, Ripple CEO Brad Garlinghouse has expressed optimism over Donald Trump’s selection of Scott Bessent as Treasury Secretary. Garlinghouse believes that Bessent’s appointment could enhance XRP’s prospects and positively influence the outcome of the SEC lawsuit.
Discover XRP’s Potential
Curious about XRP’s future trajectory? Explore our XRP Price Prediction for 2025 and stay updated on the latest developments in the Ripple vs. SEC lawsuit.
XRP at Overbought Zone
XRP’s recent price surge of 27% to $1.43, alongside a trading volume increase of 235% to $22.29 billion, has caught the eye of analysts. Experts like CrediBULL Crypto predict even greater gains, with short-term targets of $2 and long-term aspirations of $3.3. The “overbought” levels historically signal an impending rally, and XRP’s rising trend reinforces this positive outlook. Notably, XRP’s Relative Strength Index (RSI) has reached “overbought” levels above 70, a first in three years, indicating robust bullish momentum.
What Lies Ahead?
The potential for a U.S.-listed spot XRP ETF is gaining momentum, with companies such as Bitwise, 21Shares, and Canary Capital submitting applications to the SEC. As the regulatory landscape shows signs of transformation post-Gensler, an ETF approval could significantly enhance XRP’s price trajectory. With growing market confidence, investors are keenly watching altcoins like XRP to maximize gains during this bullish phase.
Frequently Asked Questions (FAQ)
Will XRP Reach 1000 Dollars?
It is improbable for XRP to reach $1,000 due to market limitations. Such a price would necessitate a market capitalization exceeding $52 trillion, which is unrealistic within the context of the global economy. Additionally, the presence of competition, restricted utility, and regulatory hurdles further limit its potential price ceiling.
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