Lawyer Bill Morgan has raised concerns over the potential negative impact of the Ripple SEC case on the price of XRP. As speculation mounts over a possible settlement, Morgan warns that lingering uncertainty surrounding the lawsuit could weigh heavily on the token’s value.
He suggests that despite ongoing rumors of resolution, the protracted nature of the SEC’s legal battle against Ripple may continue to exert downward pressure on XRP.
Meanwhile, Ripple’s Senior Vice President, Eric van Miltenburg, asserts that the company’s growth remains strong despite the lawsuit. He describes the case as a mere “theatre” and claims that Ripple has continued to expand its global presence. He also highlights the increasing adoption of XRP in the U.S., arguing that the SEC’s attempts to classify it as a security have had little impact on its real-world utility.
The broader XRP community remains divided on the lawsuit’s outcome. While some legal experts, including MetaLawMan and Jeremy Hogan, predict further delays, others, like Fred Rispoli, anticipate a swift resolution. The uncertainty has fueled a mix of bullish and bearish sentiments among investors, with predictions ranging from a near-term settlement to prolonged legal battles stretching into late 2025.
At press time, XRP is priced at $2.28, reflecting a 2.19% decline over the past 24 hours. Despite a recent weekly gain of 9.47%, the token has suffered a monthly drop of 17%, alongside a 12.5% decline in its 24-hour trading volume, which currently stands at $3.66 billion. However, analysts remain optimistic about XRP’s long-term trajectory. Some experts foresee a potential surge, with one predicting an ambitious target of $100 during the current bull market cycle.
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