XRP News Today: SEC Shift, ETF Hopes Could Drive $XRP price Surge
The crypto world is buzzing with one big question: Could Ripple be the next to win against the SEC? After the SEC recently dropped cases against Coinbase and Robinhood Crypto, many investors are hopeful that Ripple’s lawsuit could be next in line for a positive outcome.
Ripple has been fighting a $1.3 billion lawsuit with the SEC since 2020. The SEC claimed Ripple sold unregistered securities. In July 2023, a judge ruled that XRP isn’t a security when traded on public exchanges but found Ripple’s institutional sales did break some rules. Ripple was fined $125 million, much less than the $2 billion the SEC first wanted. Now, with the SEC softening its stance under Acting Chair Mark Uyeda, hopes are growing that Ripple could soon catch a break.
XRP Price Crash, but Investors Eye Big Gains
Xrp is down Today, XRP’s price has been on a rollercoaster. It dropped to $2.10 this month before bouncing back. Currently the XRP price stands at $2.28. Its market cap also took a hit, dropping 11.70% to $131.92 billion, though trading volume shot up by 139.70% to $8.26 billion. While short-term prices seem shaky, many believe that long-term, XRP could see big gains—especially if the SEC case ends well and the ETF gets approved.
Analysts remain bullish on XRP price prediction, with some forecasting a potential climb to $100 in the coming years if the SEC approves an XRP ETF and the court case ends in Ripple’s favor.
Why Is Optimism Growing for Ripple?
The SEC recently closed its investigation into Robinhood Crypto without any penalties. This was seen as a big deal because it shows the SEC is moving away from harsh enforcement and towards clearer rules. Robinhood’s legal team even called out the SEC’s past aggressive approach, saying it’s time for fairer regulation.
Coinbase also scored a win. Its CEO, Brian Armstrong, confirmed the agreement of SEC dismissal of coinbase lawsuit against them with final confirmation yet to come. This is huge for the entire crypto space and has made investors even more hopeful for Ripple.
Adding to this optimism, the SEC is now focusing on helping the crypto market grow. Under the Trump administration, the SEC is pushing for clearer rules and making it easier for crypto companies to thrive. They even appointed Hester Peirce, known as “Crypto Mom,” to help shape future regulations.
Another reason investors are excited? XRP is gaining momentum in the ETF world. Brazil recently approved an XRP ETF, and the Grayscale XRP ETF review process has started. If the U.S. follows Brazil’s lead, it could open the floodgates for big investors to buy XRP, pushing its price higher. Many see this as a clear sign that the crypto market is warming up to XRP.
Is Now the Time to Invest in XRP?
With the crypto market shifting and the SEC showing signs of a regulatory overhaul, many believe this could be the perfect window for investors to enter before XRP makes its next big move. As optimism grows, all eyes are on the XRP court case update—could Ripple finally get the green light it’s been waiting for?
