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A market commentator presents what XRP price could rise to once there is a resolution of the legal battle between Ripple and the U.S. SEC.
The ongoing case between Ripple and the U.S. Securities and Exchange Commission (SEC) has impacted XRP. With the case now in its appeal phase, market participants and analysts speculate about the potential effects of its resolution on XRP price.
Notable XRP advocate, Digital Asset Investor (DAI), recently presented an optimistic outlook. He disclosed a commentary from an AI chatbot suggesting that XRP could reach new all-time highs following the case’s conclusion.
The Ripple vs SEC Legal Battle
For context, after years of litigation, a pivotal ruling came on July 13, 2023. Judge Analisa Torres declared that XRP is not a security, marking a major turning point for the asset’s regulatory standing. This decision had a notable impact on XRP’s market value last year.
However, following the final judgment in August 2024, the SEC responded by filing an appeal on Oct. 17, challenging portions of the ruling. As part of the appeal process, the securities agency is required to submit its opening brief by Jan. 15, 2025.
Nonetheless, some believe the forthcoming SEC leadership, with the Donald Trump nominee Paul Atkins possibly at the helm of affairs, could bring the case to an abrupt end. They expect this resolution to have possible consequences for XRP.
DAI’s Optimistic XRP Price Projections
Despite this optimism, the extent of XRP’s potential uptrend following the possible resolution remains unclear. As a result, Digital Asset Investor (DAI) sought insights from an AI chatbot.
Drawing comparisons to the market reaction to the SEC’s charges, DAI asked how much the favorable resolution could impact XRP price. Notably, when the SEC lawsuit began in December 2020, it caused XRP price to plummet from $0.50 to $0.17, marking a 66% drop.
Applying this historical percentage to the upside, the AI chatbot calculated that XRP price could experience a similar increase once the lawsuit concludes. Based on XRP’s current price around $2.18, a 66% increase would raise its value to $3.62. This figure represents a new potential all-time high.
DAI suggested that the possible resolution of the case could actually be the catalyst that would push XRP to a new all-time high. He predicted a possible surge in FOMO once this occurs.
While this projection is based on past trends, the AI chatbot stressed that other factors could influence XRP price movement. Notably, regulatory developments, market sentiment, and Ripple’s business progress are among the major factors.
Interestingly, several market analysts believe XRP price could claim higher levels if market conditions align perfectly. In October, EGRAG Crypto suggested that the worst-case scenario for XRP price in the current bull market is $6. Most recently, analyst Alex Clay set an ultimate target of $10.