XRP, which has been under legal uncertainty for several years, may experience a fantastic 11,000% price increase. In a recent YouTube video, Cheeky Crypto outlines several events that he believes could be pivotal in deciding XRP’s future, particularly in the wake of the SEC V. Ripple case.
The SEC claimed that Ripple sold securities without registering them, which was a major source of risk for XRP and left many users on the edge. This legal proceeding has been an issue in XRP’s development because, for the longest time, legal connotations hindered the currency from being widely used. However, the recent clearance of the case has brought much more certainty into the picture to clear a major source of concern in the use and investment of XRP.
Although the case might have been a relief for Ripple, the victory came at a high price. To settle, XRP was required to offer a $125 million fine. This may seem like a financial blow, but it also signals the conclusion of Ripple’s legal dispute with the SEC. With the case out of the way, Ripple can now dedicate its efforts to developing and integrating XRP and establishing new partnerships for it.
XRP Set for Rally: Analysts Predict 290% Surge After SEC WinA significant decision of the case is that XRP does not fall under one of the securities categories. This decision is massive for XRP, as it spares it from the severe regulations that securities are subject to. The ruling increases market confidence and introduces institutional investors who avoided interacting with XRP before. This could be the much-needed injection of new capital from these investors to support the projected 11,000% increase in the value of XRP.
However, such prospects of XRP are not without the shadow of an appeal from the regulators at the SEC. Some legal analysts opine that should the SEC choose to appeal the decision, the commission has a likelihood of success. An appeal could send XRP back to limbo, likely to slow down its progress further, with the risk of being classified as a security still looming.
Investors and enthusiasts of the XRP token and other digital assets are closely observing the situation. The end of the legal proceedings and the establishment of the fact of XRP’s non-security status give certain opportunities. Nevertheless, the possibility of an SEC appeal brings back the lesson that nothing is known and the future is unpredictable. The best approach is to remain up to date and engaged to monitor changes for those who are interested in the XRP possibility.
