This article is available in Spanish.
Earlier in August, the XRP Community received positive news when the court ruled that Ripple Labs had to pay a $125 million fine to the US Securities and Exchange Commission (SEC) for selling unregistered securities. However, the regulator was not satisfied with this decision, which led to an appeal against the court’s decision. Naturally, the pull has shifted the finish line for the four-year battle, but the ending could still be very bullish for the XRP price.
The XRP crash before the wave
As the SEC and Ripple continue to battle it out in court, a pseudonymous crypto analyst on the TradingView website who goes by the name AnalysisParalysis has shared their expectation for the XRP price. In this case, the crypto analyst expects the price of the altcoin to rise. But not without first experiencing a decline as a result of the SEC appeal.
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According to the analyst, the SEC’s call is expected to take place sometime before October 6, 2024, during which time they expect the XRP price to struggle. “I believe this time this will be the catalyst that causes XRP to crash just before it makes a huge upward move,” the analyst said.
The initial crash here is expected to exceed 30%, sending the price down to $0.33. However, after this, fireworks are expected to follow as the XRP price begins its upward trend. From here, the altcoin is expected to easily cross $1, heading for new all-time highs.
As for how high the XRP price could rise, the crypto analyst believes it could reach $8.80. If this happens, it would mark a 2.566% increase from the low of $0.33 expected after the price crash. The analyst speculates that the time frame in which the altcoin’s price will reach this new all-time high will be sometime in the summer of 2025. So somewhere between June and September 2025.
The state of the wrinkle vs. SEC lawsuit
Currently, the battle between Ripple and the SEC continues as the regulator has appealed the court’s decision that secondary programmatic sales of XRP tokens do not count as a securities offering. The outcome of the appeal is still highly debated, but securities attorney Marc Fagel has offered several options.
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To an X (formerly Twitter) post, Fagel declared;
“The Court of Appeals could conclude that the trial court erred in holding that XRP itself is not a security; And if so, the hold on programmatic sales will be undone. But they could also roll back programmatic sales without addressing the question of whether XRP is a security per se (which seems more likely).
However the call turns out, the consensus remains that there will be a definitive end to the battle between the crypto company and the regulator would be good for the XRP price. Post-outcome projections ranged from a price tag of $1 to as high as $100.
Featured image created with Dall.E, chart from Tradingview.com
