Ripple vs SEC: XRP Price Down 2.19% Amid Legal Uncertainty

The legal battle between Ripple and the Securities and Exchange Commission (SEC) continues to cast a shadow over the cryptocurrency market, particularly affecting the price and sentiment surrounding XRP. The outcome of this lawsuit remains uncertain, with experts offering varied predictions on its resolution and impact on XRP.

Some legal experts suggest that the case could drag on for several more months, potentially delaying any significant price movements for XRP. This prolonged legal uncertainty has raised concerns among investors and analysts, who fear that the extended legal battle could exert downward pressure on the token's price. Lawyer Bill Morgan recently expressed similar sentiments, warning that the ongoing uncertainty could negatively impact XRP's price trajectory.

Despite these concerns, Ripple's Senior Vice President, Eric van Miltenburg, has maintained a positive outlook on the company's progress. He asserted that Ripple has continued to grow and establish itself globally, unaffected by the SEC's allegations. Van Miltenburg described the lawsuit as a "theatre" that has been settled behind closed doors, a statement that has surprised many given the complexity of the case. He also highlighted the increasing adoption of XRP in the United States, suggesting that the lawsuit has had little impact on the token's acceptance.

Crypto experts have different opinions on when the lawsuit will end. Some believe the case could drag on for months, delaying XRP’s price recovery. Others predict a quicker resolution, possibly by March or April. Many investors are also watching political changes in the U.S. and the SEC’s changing stance on crypto, hoping these factors will speed up a settlement.

XRP is currently trading at $2.28, down 2.19% today. Despite a 9.47% rise over the past week, the token is still 17% lower than last month. While Bill Morgan’s warning suggests more downside risk, analysts remain hopeful. Some even predict a bold $100 target in this bull run.

Although XRP’s price has dipped by 8%, many investors still see long-term potential. Ripple’s latest trademark filing and upcoming regulatory changes could help push the price back up. If sentiment improves, XRP may rise. However, with legal uncertainty still in play, investors should stay cautious and watch for updates on the Ripple SEC case before making any major decisions.

While some experts remain optimistic about a favorable outcome, the prolonged legal uncertainty has raised concerns about the token's price trajectory. Ripple's continued growth and increasing adoption of XRP suggest that the lawsuit may have had a limited impact on the token's acceptance. The potential for an SEC appeal withdrawal and the possibility of an XRP-spot ETF have also been topics of discussion, with analysts suggesting that these developments could significantly impact the regulatory landscape for XRP.