As the ruling in the lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) approaches, the crypto community is speculating about its potential impact on the price of XRP.
Rachel Rene, a popular crypto expert, claims that the upcoming decision will not have a significant effect on the price of XRP, contrary to the expectations of many investors. Rene explained that the ruling will detail how Ripple will be sanctioned for minor violations, but she is skeptical that this legal conclusion will catalyze a substantial price increase. She believes that the key moment for a price jump occurred when Judge Torres provided regulatory clarity in July of last year, which did not lead to a lasting effect. Rene further asserts that institutional investors, who needed confirmation regarding the legality of buying, holding, and using XRP, have already received this clarity.
Crypto expert concludes that while a minor price increase for XRP may occur following the resolution, it will not be the significant rise that many hope for. She suggests that substantial market movements for XRP are more likely to result from new developments demonstrating the cryptocurrency’s utility and acceptance by major players, such as banks and financial institutions.
In contrast to Rene’s opinion, Bas van Gestel from the XRP community holds a more bullish perspective. He asserts that the conclusion of the Ripple-SEC case will catalyze a significant jump in the price of XRP due to increased regulatory clarity, attracting more investors, institutional adoption, and global partnerships. However, Rene responded by questioning the timing of these events, noting that while they may have an impact, they have not yet materialized significantly, as regulatory clarity was established more than a year ago.
