Ripple Case Over; Will XRP Price Hit $4?

The Ripple case was one of the hottest topics in crypto town as well as the closely watched legal battle with the U.S. Securities and Exchange Commission (SEC). Now, with the conclusion of the lawsuit last month, a flurry of experts anticipates a potential rally in XRP price, with predictions aiming for a $4 milestone. Besides, CLO Stuart Alderoty also highlighted that the lawsuit “is over”, which has sparked optimism in the market.

Ripple Case Conclusion Sparks Market Optimism

The Ripple case conclusion has caught the eyes of investors, with the blockchain firm’s latest court win has sparked market optimism. Last month, Judge Analisa Torres significantly reduced the penalty for the firm, slashing it from the US SEC’s initial demand of $2 billion to just $125 million.

This cut of more than 90% from the initial claim is lauded by many and is seen as a victory for the blockchain company. Besides, legal experts, including Ripple’s Chief Legal Officer (CLO) Stuart Alderoty, have emphasized that the XRP lawsuit is officially “over”.

Source: Stuart Alderoty, X

Previously, the CLO pointed out that while the US SEC may still deliberate on an appeal, the firm is not planning to initiate one. In addition, if the SEC appeals and loses one, it could set a binding precedent for other crypto-related cases, discouraging further legal action.

Simultaneously, CEO Brad Garlinghouse also cheered on the regulatory clarity that XRP gained post-lawsuit. This legal win has led to increased acceptance of the crypto, not just in the U.S., but on a global scale.

Will XRP Price Reach $4?

With the Ripple case coming to an end, the market appeal of its native crypto also appears to be rising. Besides, several other positive developments have fueled bullish speculation around the crypto, driving discussions about whether the crypto could reach $4.

For instance, Ripple’s partnerships with major banks globally reflect its growing influence. On the other hand, its underlying technology, the XRPL, has also attracted investors’ attention lately, with a flurry of major developments recently.

In addition, the launch of the Grayscale XRP Trust and the CME XRP Index have also provided momentum for the crypto’s price action. These moves point toward a potential integration of the crypto into mainstream financial systems, further solidifying its position.

Meanwhile, these latest launches also sparked speculation around a possible ETF launch for the crypto, which the market has been anticipating for a long. However, experts like Nate Geraci suggest that regulatory hurdles could result in an XRP ETF delay for a year or more.

However, despite that, many market watchers believe that factors like legal clarity, expanding partnerships, and increasing institutional adoption, could lead to a significant price rally. A recent XRP price analysis suggests that the crypto could hit $4, setting a new all-time high (ATH), given the recent developments and historical trends.

As of writing, XRP price was up over 3% to $0.587, with its trading volume dropping over 8% to $1.14 billion. Over the last seven days, the crypto has added nearly 11%, while noting a monthly gain of about 4%. Furthermore, CoinGlass data showed that the crypto’s Futures Open Interest soared over 4% to $659.86 million, indicating the positive momentum hovering in the market.

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