Ripple news: The success against the SEC and the clarified XRP status does not mean golden times for investors
- The future XRP growth depends on the benefit of the token and global cooperation. The successful process against the SEC is only the basis for this.
- Several experts think the XRP course increase after the lawsuit is already priced in, and now the real growth and the entrepreneurial steps of Ripple are important.
XRP owners are waiting for the market to move because the legal dispute between Ripple and the SEC approaches its end, although the result is essentially known. Many investors hope that the XRP course will shoot up after the final court decision. But a well-known XRP expert thinks that is unrealistic.
He says the market has already priced the best scenarios, and the actual growth of XRP will depend on what Ripple is doing after the legal dispute, for example with new partnerships and in product development.
No guarantee for quick profit
The legal dispute between Ripple Labs and the US stock exchange supervision SEC has been running since December 2020. The SEC had submitted that Ripple’s XRP sales were the sale of non-registered securities, an argument that the court partially followed in its judgment of July 2023-but only to a small part.
XRP sales to institutional investors are therefore considered securities, but the court decided that sales to private investors do not apply as such on secondary sleeves. Repile recently agreed to agree to a comparison against payment of $ 50 million. Both parties have withdrawn their respective appeal. The comparison could therefore be closed. However, the last word has the responsible court on April 16.
Due to the expected official of the end of the process, the community speculates about XRP course development, but experts say that a large part of the good news has already been priced. The XRP course swaned heavily during the legal dispute, reached a maximum of over $ 3.30 and then fell below $ 2.20. XRP is currently trading at $ 2.13 and the market is hesitant.
XRP-Influencer „All Things XRP“ warnedthat investors should not expect an immediate significant price change after the end of the process.
XRP growth has little to do with the legal dispute
While many investors are waiting for the price increase after the legal dispute, experts say that the true growth of XRP is independent of it. “All Things X”:
“The future growth of the XRP course will depend more on the steps, the Ripple is under the lawsuit, including new partnerships and the increase in the real benefit of the token”.
Ripple’s ability to expand its network and create new applications for XRP will play a much greater role in the course than the legal dispute. Ripple has already closed important partnerships with financial institutions and payment providers, but the XRP course is still largely undeveloped. However, the role of XRP as a bridge currency for cross -border payments has now received more attention, especially after the latest Application from Coinbase to write down XRP futures.
As CNF reported, the Coinbase document shows the use of XRP for Ripples Odl (on demand liquidity) as one of the reasons why it is important for financial institutions. The increasing applications drive the growing interest in XRP, but experts believe that a more extensive development is required for a long -term increase in price.
In addition to the listing of XRP terminals, Ripple has announced plans for the introduction of a stable coin with euro connection in cooperation with Socgen Forge, the digital asset Zweig from the French bank Société Générale. This partnership will strengthen Ripple’s position in regulated digital finance in Europe, which will open new doors to the introduction of XRP.
More carefuloptimism
Despite the new optimism, the market is still unsure. XRP had fallen below $ 2, but recovered. But the investors are still careful. In the meantime, daily turnover has increased by 23%, but the market mood is still reserved.
STEPH IS CRYPTO thinks that XRP could rise by 500% and reach $ 30. However, this is associated with great risks, since the future of XRP depends on Ripple’s ability to implement its product innovations and strategic partnerships. XRP is still stuck at $ 2. He faces a resistance after a head-shoulder pattern has formed on the chart.
Market analyst Ali Martinez says that XRP has found support with the sliding 200-day average of $ 1.87, but has reached lower maximum and lows since February. He warnedthat XRP could fall to $ 1.75 or even $ 1.20, which would correspond to a decrease of 40% if it is not possible to maintain the support of $ 2.
Analyst Egrag Crypto sees long -term upward potential if XRP can hold these levels. He says that an increase to $ 30 from the current consolidation zone is possible if it breaks out over $ 2.15 and closes over $ 2.20.
In the meantime, the approval of the Teucrium 2x Long Daily XRP ETF gave the market to the market by the NYSE Arca. Although the trend is still fragile, XRP stability has shown and has surpassed other old coins by 15 to 20 percent in the past few days.
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