With preparations for Gary Gensler’s exit in January 2025, will it mark the end of the XRP lawsuit? XRP’s price reacted to this news and pumped over 20% and XRP is currently trading at $1.52. With the rate it got up, it seems a bigger target is on the way if the Ripple vs SEC case gets dismissed in January.
Timeline for Ripple vs SEC?
Recently, Pro-XRP lawyer Jeremy Hogan has predicted that the Ripple vs. SEC lawsuit could conclude by the spring or early summer of 2025. This projection has gained attention, as the case remains one of the longest-running and most high-profile battles in crypto history. Market watchers speculate that Gensler’s exit could push resolutions in crypto-related SEC cases, potentially marking a turning point for the industry.
Ripple’s Growing Momentum
Meanwhile, XRP is experiencing a surge in interest and price action. Recent highlights include the launch of the WisdomTree Physical XRP ETP across major European exchanges, sparking talks about a potential XRP ETF in the U.S. Lawyers like Jeremy Hogan and John Deaton remain bullish, with Deaton projecting XRP’s market cap could reach $100 billion amid a change in regulations.
Moreover, in a recent post Ripple CEO Brad Garlinghouse, said that the market is cheering Donald Trump’s choice of Scott Bessent as Treasury Secretary. Garlinghouse believes Bessent’s appointment could boost XRP’s prospects and signal an optimistic end to the SEC lawsuit.
To discover how high XRP can go, check out our XRP Price Prediction for 2025 and the latest updates on the Ripple vs SEC lawsuit.
XRP at Overbought Zone
XRP’s price has surged 27%, hitting $1.43, with trading volume spiking 235% to $22.29 billion. Analysts like CrediBULL Crypto foresee even brighter days ahead, with targets of $2 in the near term and $3.3 in the long run. Historically “overbought” levels depict a massive rally is on the way and with XRP’s rising trend it strengthens this optimism. Recently, XRP’s RSI has hit “overbought” levels which are above 70 for the first time in three years, signaling strong bullish momentum.
What Lies Ahead?
The possibility of a U.S.-listed spot XRP ETF is gaining traction, with firms like Bitwise, 21Shares, and Canary Capital filing applications with the SEC. As the regulatory environment shows signs of shifting post-Gensler, an ETF approval could significantly boost XRP’s price momentum. As market confidence grows, analysts and investors are eyeing altcoins like XRP to capitalize on this current bull rally.
FAQ
No, XRP is unlikely to reach $1,000 due to market constraints. Achieving such a price would require a market capitalization exceeding $52 trillion, which is unrealistic given the global economy. Additionally, competition, limited utility, and regulatory challenges further cap its price potential.
Source: https://coinpedia.org/news/xrp-price-rallies-after-gary-genslers-exit-is-ripple-vs-sec-lawsuit-reaching-its-end/