Has XRP lost the case? (2024)

Has XRP lost the case?

The U.S. Securities and Exchange Commission (SEC) will no longer pursue claims that Ripple's CEO Brad Garlinghouse or Executive Chairman Chris Larsen aided and abetted the company in violating federal securities laws in its XRP

transactions, canceling a trial scheduled for next year and giving the crypto company ...

Is the XRP court case over?

In a court filing dated November 13, 2023, Judge Torres nailed down the schedule for further pretrial filings. The process of discovery and rebuttals regarding the remedies the SEC will seek in the remaining legal action must be completed by April 29, 2024.

Did XRP lose the SEC case?

In July, Ripple was handed a pivotal victory as a judge ruled that XRP is not in and of itself a security. Following this, the SEC was denied a request for an interlocutory appeal. Then, in October, the SEC dropped its securities law violation charges against Garlinghouse and Ripple executive Chris Larsen.

What will happen to XRP if they win the lawsuit?

In addition, a positive outcome in the court case could help restore investor confidence in Ripple and XRP. This, in turn, could result in more institutional and mainstream investment in the cryptocurrency, driving its price higher.

What was the final verdict of the XRP case?

In July, Judge Analisa Torres ruled Ripple breached Section 5 of the US Securities Act for selling XRP to institutional investors.

How much will XRP be worth in 2025 after lawsuit?

The Ripple price forecast for 2025 is for Ripple cryptocurrency to trade at a minimum price of $1.19 and an average price of $1.23. The maximum forecast price for 2026 is $1.41.

Is Ripple going to win the lawsuit?

Yesterday, the U.S. Securities and Exchange Commission (SEC) dismissed its own case against Ripple Labs CEO Brad Garlinghouse and Executive Chairman Christian Larsen. This is the third recent win for Ripple, the firm closely associated with XRP, in its multi-year legal battle with the securities watchdog.

What is the future of XRP after lawsuit?

As a result, it may be able to run in 2025, but it is unlikely to achieve the enormous valuations that some of its supporters anticipate because of growing sell pressure. Holders of XRP anticipate a potential price increase if Ripple is successful in the lawsuit despite it.

Will XRP reach $100?

As for the XRP forecast, analysts at crypto platform Changelly hold a less optimistic view. According to them, XRP would only reach $100 as its maximum price in February 2040. Meanwhile, Telegaon does not see XRP hitting $100 even in 2050.

What's next in the XRP lawsuit?

The first key date is February 12th, marking the end of the discovery phase related to remedies. Following this, on March 13th, the SEC will detail the penalties they seek from Ripple. Ripple's response is due by April 12th, and the SEC's final reply is set for April 29th.

Will XRP skyrocket?

Coin Price Forecast

Ripple's target price for the end of 2024 is expected to be around USD 0.67. According to the experts, XRP will increase above 1 USD.

What will happen if XRP loses the case?

However, if Ripple loses all appeals, the SEC is likely to collect the $1.3 billion (the amount that the regulator alleges that Ripple earned from the unregistered securities sale) and offer XRP holders an option to sell their holdings.

When should the XRP lawsuit be over?

Ripple case, SEC plans to appeal against the Programmatic Sales of XRP ruling could extend the case into 2025. Significantly, the SEC will unlikely consider XRP-spot ETF applications until after the appeals process.

What is the price prediction for the XRP lawsuit?

Despite recent legal challenges, Cheeky Crypto remains optimistic about XRP's future, anticipating a bullish move once the lawsuit with the SEC concludes. To calculate the amount of XRP needed to achieve various financial milestones, Cheeky Crypto outlined potential price targets ranging from $5 to $589 per XRP.

Is XRP a good investment?

For that reason, I cannot recommend XRP as a long-term investment, even at a bargain-basem*nt price of around $0.65. Yes, I know it's very tempting. Yes, I know the buzz is that XRP could explode in value at any moment. But for now, I'm buying Bitcoin.

How much will XRP be 10 years from now?

Does XRP have a future?

David Cox, writing on the CryptoNewZ platform, anticipated that XRP could reach a high of of $1.53 by 2025, with a low of $1.06 for the same year. Another Ripple price forecast by AMBCrypto estimated the XRP price could hit a high of $2.01 in 2030, with a short term prediction of a high of $0.61 in 2024.

What will XRP be worth in 2040?

The price of XRP increased by more than 6,000% since it first started trading and went from ~$0.005 to over ~$0.380 in the process. XRP could reach $14.21 by 2040 and $106.14 by 2050 if it follows Bitcoin's growth trajectory over the past 5 years.

Who is winning the XRP lawsuit?

Ripple Labs notches landmark win in SEC case over XRP cryptocurrency.

Can you get rich from Ripple?

Yes, it is possible to become wealthy by investing in cryptocurrencies like XRP or Bitcoin, but it is not guaranteed and comes with significant risks.

Is Ripple Guilty?

Last July, New York Judge Analisa Torres' ruled that the sale of XRP on exchanges and through algorithms did not violate U.S. law, only Ripple's institutional sales of XRP did.

What will happen to XRP holders?

XRP holders lose interest, shed holdings as Ripple and SEC seal lawsuit proceedings. XRP traders have realized more than $31 million in losses over the last week. Traders are shedding their XRP holdings and on-chain activity has dropped since the altcoin hit its year-to-date high on March 11.

Will XRP reach $1?

Will XRP reach $1 any time soon? So XRP should gain plenty of value over time from Ripple's money-transfer operations, and the token also benefits from the market-moving impact of predictable Bitcoin gains. I can't promise that XRP will reach $1 per token in 2024, but the general trend line certainly points upward.

How much will 1 XRP cost in 2030?

But what do the experts say about XRP prices as far out as 2030? Trading Education, which is bullish on XRP's long-term future growth, likens the platform to a Visa competitor by the end of the decade. The site predicts that XRP could reach a high of $31.81 by the end of 2030.

Why not to buy XRP?

Key Points. Ripple's native token, XRP, is trying to disrupt how money moves across borders. Investors can't ignore Ripple's ongoing regulatory troubles. There is a ton of risk with owning XRP, so investors should probably avoid it.