{"id":633986,"date":"2024-08-08T22:00:00","date_gmt":"2024-08-08T22:00:00","guid":{"rendered":"https:\/\/www.wncen.com\/?p=633986"},"modified":"2024-08-08T10:22:11","modified_gmt":"2024-08-08T10:22:11","slug":"ripple-sec-lawsuit-xrp-price-3","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/analysis\/xrp\/ripple-sec-lawsuit-xrp-price-3\/","title":{"rendered":"Ripple Vs. SEC Lawsuit Ends: Will The XRP Price Cross $3 Once More?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The long-running legal battle between the US <\/span><a href=\"https:\/\/www.wncen.com\/crypto\/sec-announcement-crypto\/#:~:text=What%20The%20SEC's%20Latest%20Announcement%20Means%20For%20The%20Crypto%20Industry,-by%20Scott%20Matherson&amp;text=A%20recent%20announcement%20by%20the,actions%20have%20had%20on%20it.\"><span style=\"font-weight: 400\">Securities and Exchange Commission (SEC)<\/span><\/a><span style=\"font-weight: 400\"> and Ripple finally concluded following <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-concludes-sec-battle-with-125m-penalty\/#:~:text=In%20a%20long%2Dawaited%20conclusion,%24125%20million%20in%20civil%20penalties.\" rel=\"nofollow\"><span style=\"font-weight: 400\">Judge Analisa Torres\u2019 judgment<\/span><\/a><span style=\"font-weight: 400\"> on August 7. With the lawsuit out of the way, crypto analyst CrediBULL Crypto predicts that the XRP price could soon surpass its all-time high (ATH).\u00a0<\/span><\/p>\n<h2>XRP Price Is Set For A \u201cMega Run\u201d To New ATH<\/h2>\n<p><a href=\"https:\/\/bitcoinist.com\/can-dogecoin-reach-0-2\/#:~:text=Crypto%20Analyst%20Reveals%20Bearish%20Expectations,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20CrediBULL%20Crypto%20has,low%20as%20%240.5%20soon%20enough.\" rel=\"nofollow\"><span style=\"font-weight: 400\">CrediBULL Crypto<\/span><\/a><span style=\"font-weight: 400\"> mentioned in an X (formerly Twitter) <\/span><a href=\"https:\/\/x.com\/CredibleCrypto\/status\/57486776\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> that the stage is set for an \u201cinevitable mega run for XRP. The analyst added that XRP hitting a new ATH is a matter of when and not if. XRP\u2019s <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-breaks-through-69000-setting-new-record\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">current ATH<\/span><\/a><span style=\"font-weight: 400\"> stands at $3.84, meaning the crypto token could rise above this price level soon.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-bottom-below-50000\/\">Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Before now, crypto analysts like RLinda had <\/span><a href=\"https:\/\/www.wncen.com\/analysis\/xrp\/xrp-bitcoin-and-ethereum\/\"><span style=\"font-weight: 400\">highlighted<\/span><\/a><span style=\"font-weight: 400\"> the conclusion of the case between the SEC and Ripple as one of the catalysts that could spark a massive rally for XRP. She asserted that this event would give XRP a \u201csecond life\u201d to achieve a successful breakout above critical resistance levels.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Crypto analyst JackTheRippler <\/span><a href=\"https:\/\/www.wncen.com\/news\/ripple\/xrp-price-will-reach-100\/#:~:text=For%204%20Months-,Analyst%20Says%20XRP%20Price%20Will%20Reach%20%24100,This%20Needs%20To%20Happen%20First&amp;text=Crypto%20analyst%20JackTheRippler%20has%20raised,to%20attain%20such%20ambitious%20heights.\"><span style=\"font-weight: 400\">predicted<\/span><\/a><span style=\"font-weight: 400\"> that XRP would rise to as high as $100 once the case between the SEC and Rippled ended. Crypto analyst Common Sense Crypto also <\/span><a href=\"https:\/\/bitcoinist.com\/pundit-says-xrp-price-will-see-16500-rally-to-100-heres-the-timeline\/#:~:text=When%20XRP%20Will%20Hit%20%24100,and%20rise%20to%20%245%20trillion\" rel=\"nofollow\"><span style=\"font-weight: 400\">alluded<\/span><\/a><span style=\"font-weight: 400\"> to the lawsuit while outlining why XRP can reach $100. The analyst suggested that the conclusion of the case will lead to the launch of a Spot XRP ETF, which can spark such a parabolic rally for XRP.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This lawsuit began in December 2020 and is <\/span><a href=\"https:\/\/www.wncen.com\/analysis\/xrp\/xrp-bull-run-bull-flag-formed\/#:~:text=XRP%20Bull%20Run%20Confirmed%3A%20Largest%20Bull%20Flag%20In%20Crypto%20History%20Just%20Formed,-by%20Scott%20Matherson&amp;text=XRP%20could%20well%20be%20on,this%20is%20on%20the%20horizon.\"><span style=\"font-weight: 400\">believed<\/span><\/a><span style=\"font-weight: 400\"> to have hindered XRP\u2019s growth, especially during the 2021 bull run when the crypto token failed to record significant gains or even close to breaking its ATH. However, that looks set to change as Judge Torres\u2019 judgment has ended the lawsuit, at least for now, with an appeal still a possibility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Judge Torres declared a $125 million penalty against Ripple for violating securities laws and an injunction against future violations. However, the $125 million is way below the almost $2 billion fine the <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-responds-to-sec-remedies\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">SEC initially proposed<\/span><\/a><span style=\"font-weight: 400\">. The court also ruled that the SEC cannot bar Ripple\u2019s On-Demand Liquidity (ODL) sales.\u00a0<\/span><\/p>\n<h2>XRP Is Just Getting Started<\/h2>\n<p><a href=\"https:\/\/bitcoinist.com\/dogecoin-doge-price-can-reach-1\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto analyst Mikybull Crypto<\/span><\/a><span style=\"font-weight: 400\"> stated that XRP\u2019s current rally following the court\u2019s ruling is just getting started while urging market participants to get ready for the \u201creal fun.\u201d Whatever happens, <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-sees-big-money-accumulation-rally-incoming\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP holders<\/span><\/a><span style=\"font-weight: 400\"> will hope that the excitement about the end of the lawsuit can help send XRP above $1 in the short term.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/dogecoin\/dogecoin-bounces-off-key-0-1\/\">Dogecoin Bounces Off Key Support Following Crash Below $0.1<\/a><\/div>\n<p><span style=\"font-weight: 400\">Such a move will undoubtedly boost the confidence of these investors that XRP can reach the projected heights that these analysts say it will attain. It is worth mentioning that XRP failed to break the $1 resistance when <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-judge-deems-xrp-sale-non-investment-contract\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Judge Torres declared<\/span><\/a><span style=\"font-weight: 400\"> last year that the crypto token wasn\u2019t a security. As such, <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-action-legal-expert\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP\u2019s price action<\/span><\/a><span style=\"font-weight: 400\"> will be one to watch.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, XRP is trading at around $0.60, up over 18% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/0Qsa2ZaL\/\" alt=\"XRP price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">XRP price rebounds following judgement | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The long-running legal battle between the US Securities and Exchange Commission (SEC) and Ripple finally concluded following Judge Analisa Torres\u2019 judgment on August 7. With the lawsuit out of the way, crypto analyst CrediBULL Crypto predicts that the XRP price could soon surpass its all-time high (ATH).\u00a0 XRP Price Is Set For A \u201cMega Run\u201d To New ATH CrediBULL Crypto mentioned in an X (formerly Twitter) post that the stage is set for an \u201cinevitable mega run for XRP. The analyst added that XRP hitting a new ATH is a matter of when and not if. XRP\u2019s current ATH stands at $3.84, meaning the crypto token could rise above this price level soon.\u00a0 Related Reading: Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again? Before now, crypto analysts like RLinda had highlighted the conclusion of the case between the SEC and Ripple as one of the catalysts that could spark a massive rally for XRP. She asserted that this event would give XRP a \u201csecond life\u201d to achieve a successful breakout above critical resistance levels.\u00a0 Crypto analyst JackTheRippler predicted that XRP would rise to as high as $100 once the case between the SEC and Rippled ended. Crypto analyst Common Sense Crypto also alluded to the lawsuit while outlining why XRP can reach $100. The analyst suggested that the conclusion of the case will lead to the launch of a Spot XRP ETF, which can spark such a parabolic rally for XRP.\u00a0 This lawsuit began in December 2020 and is believed to have hindered XRP\u2019s growth, especially during the 2021 bull run when the crypto token failed to record significant gains or even close to breaking its ATH. However, that looks set to change as Judge Torres\u2019 judgment has ended the lawsuit, at least for now, with an appeal still a possibility.\u00a0 Judge Torres declared a $125 million penalty against Ripple for violating securities laws and an injunction against future violations. However, the $125 million is way below the almost $2 billion fine the SEC initially proposed. The court also ruled that the SEC cannot bar Ripple\u2019s On-Demand Liquidity (ODL) sales.\u00a0 XRP Is Just Getting Started Crypto analyst Mikybull Crypto stated that XRP\u2019s current rally following the court\u2019s ruling is just getting started while urging market participants to get ready for the \u201creal fun.\u201d Whatever happens, XRP holders will hope that the excitement about the end of the lawsuit can help send XRP above $1 in the short term.\u00a0 Related Reading: Dogecoin Bounces Off Key Support Following Crash Below $0.1 Such a move will undoubtedly boost the confidence of these investors that XRP can reach the projected heights that these analysts say it will attain. It is worth mentioning that XRP failed to break the $1 resistance when Judge Torres declared last year that the crypto token wasn\u2019t a security. As such, XRP\u2019s price action will be one to watch.\u00a0 At the time of writing, XRP is trading at around $0.60, up over 18% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":634008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88655,83363],"tags":[3680,92145,3799,89194,85513,4531,83637,13172,10972,78763],"class_list":["post-633986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple-2","category-xrp","tag-ripple","tag-ripple-news-ripple-vs-sec","tag-sec","tag-sec-news","tag-sec-vs-ripple","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Ripple Vs. SEC Lawsuit Ends: Will The XRP Price Cross $3 Once More?<\/title>\n<meta name=\"description\" content=\"With the lawsuit out of the way, crypto analyst CrediBULL Crypto predicts that the XRP price could soon surpass its all-time high (ATH).\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wncen.com\/analysis\/xrp\/ripple-sec-lawsuit-xrp-price-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Vs. 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