Investors are keeping a careful check on the price of XRP as the cryptocurrency world awaits the conclusion of the Ripple v. the US Securities Exchange Commission (SEC) lawsuit.
If the lawsuit is decided in favor of Ripple, for example, this is anticipated to be seen as a bullish sentiment for those looking to buy XRP. In 2020, the US regulator filed a lawsuit against Ripple, claiming that the firm violated federal securities laws by selling unregistered securities to the tune of $1.3 billion.
Tokens purchased between 2013 and December 2020 were considered securities by the SEC. Ripple has responded to the claims by stating that it does not believe XRP to be a security and that it does not satisfy the requirements of the Howey Test.
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Both sides have now handed in their closing arguments, which raises the possibility that a resolution may be reached in the near future.
What happens to XRP if Ripple wins case
The legal dispute has been ongoing for the last three years, during which time both sides have submitted their closing arguments and are now awaiting a verdict.
Finbold questioned industry experts on the possibility of a successful result for Ripple in its lawsuit against the SEC, and the impact such a victory may have on the average price of XRP since investors with a long-term perspective are looking as far ahead as 2025 and even the end of this decade.
According to lead trial attorney Andrew Pickett:
“If Ripple is successful in their lawsuit, it could help solidify XRP’s legality in the US market, which would benefit its price.”
Elsewhere, he views the outcome as a fundamental setting, ‘an important precedent applicable to other cryptocurrencies, such as Bitcoin,’ especially by leading financial institutions.
“This could open up the cryptocurrency industry to more mainstream investors and businesses that would have previously been cautious about entering the market due to legal uncertainty.”
The stakes in this lawsuit are high, and if the regulator prevails, it may be disastrous for XRP, its investors, and the whole cryptocurrency industry. The regulatory body may issue a fine on Ripple Labs and require the company to register XRP as a security.
Given the similarities between XRP and traditional securities, such a ruling might limit both its acceptance and its use. But if Ripple can successfully counter the SEC’s claims, it may be seen as a major victory for the company and a vote of confidence in XRP. It’s crucial to remember that regardless of Ripple’s victories in court, the lawsuit’s final outcome is still unclear.
Investor interest
Despite the ongoing litigation, Ripple and XRP development team continues to expand the XRP ledger’s capabilities and explore new applications in the international financial system. Indeed, the token continues to play an important role in the world of banking, technology and cryptocurrency as a whole.
During the latter half of 2017, the price of XRP soared to an all-time high of $3.86. While its value has fallen below $0.50 since then, XRP remains a major participant in the cryptocurrency market, often ranked among the top ten currencies by market capitalization.
XRP whale and shark addresses holding between 1 million and 10 million tokens grew to 1,617 in the final month of 2022, despite the price fall that occurred during the year. This rise occurred on December 21, 2022.
As a result of the holdings, the addresses accounted for the all-time high proportion of the XRP tokens that are owned, which is 7.23%. Indicating that large-scale investors are still interested in XRP.
Price analysis
At the time of publication, XRP was trading at $0.39, with a total market cap worth $19.6 billion.
In terms of the technical analysis (TA) indicators on the finance tracking website TradingView, the 1-month sentiment gauges for XRP are largely mixed. Specifically, the summary is currently indicating ‘sell’ at 10, which is aggregated from oscillators in the ‘buy’ area at 3 and moving averages (MA) pointing toward ‘strong sell’ at 9.
XRP price prediction 2025
Notably, if XRP prevails in the case, the panel of financial experts in Finder’s January 2023 report anticipates that the price of XRP would trade at $3.81 by the end of 2025.
Nevertheless, if the SEC wins in court, it will instead reach $0.98. In the meanwhile, investors will have to keep a close watch on the outcome of the case in 2023 to find out what happens, as it is likely to significantly impact the price either way.
According to Martin Froehler, CEO of Morpher, if Ripple prevails, “it’s a huge win for the entire crypto industry.” If XRP is victorious, Froehler believes that the price of XRP would reach $5 by the year 2025. This is one of the most bullish XRP price projections.
XRP price prediction 2030
It is hard to speculate on what the value of XPR will be in 2030. The price is dependent on a wide variety of factors, some of which are technical, while others are economical and regulatory. However, XRP has a lot going for it, and this will be particularly true if Ripple is successful in its case against the SEC and the first public offering goes forward as planned.
Trading Education, which is bullish on XRP’s long-term development prospects, compares the platform to a Visa competitor towards the end of the decade. According to the site, XRP may reach a high of $31.81 by the year 2030.
Elsewhere, the Coin Price Forecast, which uses data science and machine self-learning technology for cryptocurrencies, predicts that the XRP price will climb to $0.76 by the end of 2025, a 96% increase from the current price. Meanwhile, by the end of the decade, it predicts the price would climb to $0.96, a +148% to the current price.
Conclusion
While many market watchers believe XRP will appreciate in value over the next few years, others believe it will be worthless by the decade’s end.
Ripple already has a multitude of cutting-edge financial services that make it possible to make payments that can cross-platforms and cross-blockchains. For example, the PayID function enables users to pay money to other users on other platforms by using an ID that is both simple to read and safe.
The resolution of the dispute brought forth by the SEC is one of the most significant factors that will play a role in determining the price of XRP in the years to come. Following the conclusion of the pending legal action, an initial public offering is expected to be carried out.
Ripple’s partnerships with other financial institutions, the widespread use of cryptocurrencies, and central bank investments in CBDCs are all additional variables that might affect the price of XRP.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
