The post Ripple vs SEC: Are We Finally Close to XRP’s Legal Resolution? appeared first on Coinpedia Fintech News
Ripple (XRP) is buzzing again, this time, it’s all about the legal drama with the U.S. SEC. Investors are anxiously waiting to see if the SEC will finally drop its decade-long case against Ripple.
There’s even talk that other crypto lawsuits, like the ones against Coinbase and Binance, might be dismissed too. But there is more than we see, the SEC seems to be on pause mode, and top lawyers think they know why. Let’s dive into the mixed bag of opinions.
What’s Slowing Down the SEC?
The delay isn’t just random—it’s got a lot to do with changes happening inside the SEC. Recently, the SEC and Binance agreed to pause their case for 60 days, sparking rumors that something bigger is brewing. Pro-XRP lawyer James Murphy aka MetaLawMan thinks this pause is strategic. He believes the SEC is waiting for Paul Atkins to be confirmed as the new SEC Chair before making any big moves. The idea is that the SEC wants stable leadership to back such major decisions.
Moreover, everybody is waiting for Paul Atkins once he’s officially confirmed, experts believe the SEC could fast-track dismissing these crypto cases. According to Murphy, Atkins’ confirmation could happen in less than 60 days. Meanwhile, people are watching the Coinbase lawsuit closely, especially with a February 14 deadline looming. But if Coinbase’s request for an appeal is accepted, the SEC might not need to do much until Atkins takes over.
Lawyers Disagree on the Hold-Up
Not everyone agrees on why the SEC is dragging its feet. XRP lawyer Bill Morgan questioned why the SEC can’t just vote now to dismiss the cases. Murphy argues there’s no real legal barrier—the SEC could act if they wanted to. But former SEC lawyer Marc Fagel points out that dismissing lawsuits requires formal commissioner votes, unlike other decisions that don’t need one. So technically, the SEC can move forward, but they might be choosing to wait for Atkins to avoid any internal conflicts.
XRP’s Current Sentiment
Despite the lawsuit delay, Crypto expert EGRAG CRYPTO predicts big gains for XRP, suggesting it could hit double digits this cycle and even reach triple digits in the future. Using chart patterns like the “cup pattern,” he explains that XRP’s price movement is unfolding as expected after a breakout. His analysis points to potential price targets around $13 initially, with higher possibilities ranging from $32 to $110, based on technical indicators and data.
In the meanwhile, there are growing rumors that an XRP ETF might get approved soon, which could mean the Ripple vs. SEC case is close to ending. The SEC needs to settle this case before it can approve an XRP ETF. XRP’s price is also waiting for this decision, as a positive outcome could push it higher.
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Ripple (XRP) has secured regulatory clarity in the lawsuit driving a positive price action.
