If Ripple Wins Against SEC, What Does This Mean for XRP?

If Ripple Wins Against SEC, What Does This Mean for XRP?

After hitting a year-high of $0.57 last month, Ripple’s native cryptocurrency XRP is currently trading around the $0.46 level. 

After Bitcoin and Ethereum surpassed $30,000 and $1,900, respectively, the price of XRP soared. 

However, when speculators indulged in sell-offs and profit bookings this week, XRP started to decline in the indices. 

The cryptocurrency experienced a drop of around 13% in the last week following nearly two weeks of outstanding performance.

XRP has dropped by 13% in the past week. Source @Coinmarketcap

Notably, the ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is preventing the price of XRP from rising.

Related Reading: XRP Community Unites to Counter SEC’s Targeting of Ripple

So, What Will Happen to XRP if Ripple Wins Against the SEC?

Two XRP price forecasts were given by The Finder’s panel of financial analysts. 

One is how high it might rise by 2025 if Ripple prevails in its legal battle with the SEC, and the other is how low it would fall by 2025 if it loses.

If Ripple prevails in the litigation, the Finder’s panel price estimate for XRP indicates that it might hit a high of $3.81 by December 2025. 

That represents a rise of around 12% from its most recent record high of $3.40.

Source: Finder.com

According to the forecast:

“The crypto market loves to jump on a bandwagon, and XRP winning its case in a bear market could likely see herd mentality which will pump the price of this old-school top-10 coin.”

However, they also foresaw what would occur if Ripple’s lawsuit against the SEC is unsuccessful. 

By 2025, the price forecast indicates that XRP will likely trade at $0.98 instead of exceeding the $1 threshold. That represents an almost 100% increase over the current price of $0.47.

Source: Finder.com

According to Finder, if Ripple loses, “XRP will be negatively impacted, and the uncertainty may push global investors to sell.”

Read Also: Ripple CTO Addresses Controversy Surrounding XRP Retail Sales

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