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The new year brings renewed hope for $XRP as analysts predict a significant rally if Ripple achieves a positive outcome in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
The long-running lawsuit, launched by the SEC in December 2020, accused Ripple of violating securities laws through the sale of $XRP to institutional investors. Judge Analisa Torres ruled last year that $XRP was not a security, but the SEC appealed the decision, leaving the case in limbo.
Carlos Guzman, research analyst at GSR, said a positive ruling could act as a major catalyst for $XRP’s price. “If the SEC appeal is denied or the new SEC administration opts for a settlement instead, that would be a big win for Ripple,” Guzman said.
The cryptocurrency industry is pinning its hopes on President-elect Donald Trump’s incoming administration for regulatory relief. Trump, who takes office on Jan. 20, has signaled a pro-crypto stance by nominating crypto ally Paul Atkins to chair the SEC. Many believe this could lead to a more favorable regulatory environment for Ripple and other digital assets.
“If the new SEC leadership opts for a compromise, it could send $XRP soaring,” Guzman added.
A positive regulatory outcome for Ripple could position $XRP among a select group of digital assets eligible for exchange-traded funds (ETFs). Bloomberg ETF expert Eric Balchunas predicts a surge in new crypto ETFs under new management, citing the record success of spot Bitcoin ETFs as a benchmark.
“$XRP should be among the first to receive approval,” Balchunas said, but warned that even with a positive regulatory outcome, crypto ETFs still face lengthy approval processes.
Beyond its legal challenges, Ripple is looking toward a promising future with the growing adoption of its new stablecoin, RLUSD. The company aims to strengthen its narrative as a legitimate payment solution, which Guzman believes could further strengthen $XRP’s position.
Additionally, the resurgence of retail interest during the recent crypto rally has reignited investor enthusiasm for $XRP. “Given the resurgence of retail interest in $XRP that we saw in November and December, these positive developments could catalyze another wave of investor interest,” Guzman said.
*This is not investment advice.