The XRP lawsuit, which has been going on for years, has been on investors’ radar this year. The increasing number of developments triggered market discussions. Crypto pro Paul Atkins replaces current US SEC Chairman Gary Gensler, Ripple $2.1 increased optimism about the potential rise of the price. Additionally, speculation has gained ground over the possibility of the SEC terminating the Ripple case.
US SEC Chairman Change
The change in management could have a significant impact on the course of the Ripple case. Current SEC Chairman Gary Gensler is leaving his post in January. His replacement, Paul Atkins, is expected to adopt a crypto-friendly approach.
Possibility of Termination of the Case
Expectations are increasing that new SEC Chairman Atkins will end the case regarding Ripple. Famous XRP supporter Lawyers Bill Morgan, Jeremy Hogan and Fred Rispoli think the case may end under the new administration.
Reflections on XRP Price
The market expects changes in the XRP price depending on the outcome of the Ripple case. As the January 15 deadline approaches, Ripple CTO Stuart Alderoty has requested an end to the litigation process. These developments increased the upward potential of the XRP price.
“Ending the case could significantly increase the value of XRP.” – Stuart Alderoty
XRP price has witnessed fluctuations recently. While investors are taking a break due to the holiday spirit, they remain positive about the future of XRP. According to CoinGlass data, buyer interest in XRP futures has increased.
Experts state that XRP’s future price movements will be shaped depending on the outcome of the Ripple case. EGRAG CRYPTO predicts that the crypto could reach $6 by March 2025 and expects it to move between $13-27 during this bull cycle.
SEC filing opening by January 15 could impact market sentiment and pressure XRP price.
Latest Situation and Future Perspective
The course of the Ripple case has an important place in crypto markets. The change in the SEC chairman and the possible end of the case may have positive effects on the future of XRP. Investors continue to determine their strategies by closely following market trends and legal developments.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
