The post Ripple vs SEC Settlement Rumors Spark Optimism for XRP Investors appeared first on Coinpedia Fintech News
The Ripple vs. SEC lawsuit continues to dominate headlines, with speculation about a potential settlement gaining momentum. Former SEC enforcement lawyer Marc Fagel believes a settlement is likely, particularly with the incoming Trump administration and new SEC Chair Paul Atkins potentially opting not to pursue an appeal. This could bring much-needed regulatory clarity to Ripple and XRP, boosting their prospects. The new pro-crypto government is making a bull scenario for XRP as regulations are at ease and prices are on the verge of a breakout if it passes the SEC’s regulatory trap.
Moreover, there is a rumor that Ripple will launch its stablecoin this month, followed by an IPO later this year to gain the maximum adoptions in the volatile market. The market is ready to take XRP to the moon, but will it all go well? Let’s see where we are at in the Ripple vs. SEC case, the biggest block on the XRP path.
Legal Community on Ripple vs SEC Settlement
Fagel explained that both Ripple and the SEC appealed parts of the case they lost, leaving a $125 million penalty for Ripple on hold. He suggested that the new SEC leadership may prioritize a resolution based on Judge Analisa Torres’s earlier ruling. However, the SEC under Gary Gensler is expected to file its appeal by January 15. Pro-XRP attorney Jeremy Hogan predicts the case could conclude by April or May 2025, citing procedural delays in reaching a final decision.
Question Time
: Hey Jeremy, @attorneyjeremy1 what's your thoughts on the probability of Paul Atkins dropping the appeal and settling with #Ripple to end the #XRP case in 2025? Is this the most likely scenario in your mind? pic.twitter.com/pIfKqiRi8e
— Johnny Krypto (Good Morning Crypto) (@johnnykrypto00) January 5, 2025
Ripple CEO Brad Garlinghouse recently criticized the SEC’s actions for freezing business opportunities in the U.S. but highlighted recent progress under the “Trump effect.” Ripple has signed new deals and expanded its U.S. workforce, signaling optimism for the company’s future. Analysts believe a settlement could pave the way for an XRP ETF approval and trigger a significant price rally.
On the flip side, there is a chance that the SEC not drop this case as it will be a loss of reputation for the SEC. Moreover, SEC’s chief litigation counsel Jorge Tenreiro’s appointment shows they will drag the case further yet the investors are bullish on XRP’s price.
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XRP Technical Outlook
On the technical front, crypto analyst Ali Martinez sees XRP forming a bullish pattern that could lead to a massive breakout. Martinez notes that XRP is trading within a large bull pennant, a consolidation phase often followed by a sharp upward move. He predicts that XRP may drop to $2.05 support before rallying 436% to a target of $11, provided it breaks the $2.73 resistance level.
Currently trading at $2.42, XRP is consolidating and preparing for its next big move. Analysts like CrediBULL Crypto anticipate short-term consolidation within the current range, followed by a breakout to new all-time highs. The combination of favorable legal developments and bullish technical patterns could drive XRP’s price into the double-digit zone, as shown by its 400% surge following Trump’s re-election.
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