Expert Weighs In on Settlement

On Jul 26, 2024

Ripple (XRP) keeps making news in the crypto market as its legal fight with the SEC goes on. Recent talk about a possible deal has sparked new interest in XRP’s future.

With the current price at $0.599756 and a positive outlook, investors want to know what this ongoing story means.

Also Read: Ripple CEO Says SEC Lawsuit to End ‘Soon’ as XRP Surges

Ripple VS SEC: Expert Analysis and Future Price Predictions

The Showdown Debate

Brad Garlinghouse, Ripple’s CEO, recently hinted at a big change in the ongoing legal clash with the SEC. He suggested that a “showdown” might be coming, causing buzz about a possible deal or major outcome.

Ripple CEO: SEC Showdown Next Week!
Brad Garlinghouse, Ripple’s top dog, is dropping hints about a big win against the SEC after their closed-door meeting next week.
This legal battle’s been dragging for years, but Garlinghouse is all vibes about a settlement on July 25.
The… pic.twitter.com/Uha6j6dxNY
— Mario Nawfal’s Roundtable (@RoundtableSpace) July 25, 2024

This tweet got immediate reactions from crypto legal experts.

What a load of contradictory nonsense. What is the showdown. That already happened in court. If there is a settlement meeting there is no showdown but a settlement. This is unlikely to happen but if it does it is a compromise not a big win. It means both parties give up something https://t.co/zoEHYKmdIp
— bill morgan (@Belisarius2020) July 25, 2024

Bill Morgan, a crypto legal expert, calls the excitement ‘nonsense.’ He says a settlement meeting means the legal battle is already over.

He explains that a settlement is different from a dramatic ‘showdown’. This is because it involves compromise, with both sides agreeing on certain points.

Settlement Chances and Hurdles

According to Morgan, a settlement is unlikely now. He points out that settlements usually end disputes, including the right to appeal, which might be a big concern.

The real effects of a settlement might be wider than what’s currently being talked about, possibly affecting Ripple’s XRP sales after December 2020 and any future sales.

XRP Price Forecast

The short-term outlook for XRP looks good, with a 5-day prediction of $0.732638, showing a 22.15% increase from the current price.

Looking ahead to one month, XRP is expected to reach $0.73215, keeping its upward trend with a 22.07% gain.

The 3-month forecast shows a slight dip to $0.71147, still representing an 18.63% increase from today’s price.

Also Read: SEC Officially Approves Spot Ethereum ETF Trading for Tomorrow

Factors Influencing XRP’s Price

The ongoing SEC case remains a big factor affecting XRP’s market position. Technical indicators paint a positive picture, with the current mood at 68 on the Fear & Greed Index, indicating “Greed.” The 14-day RSI stands at 68.36, suggesting strong momentum without entering overpriced territory.

Will XRP Reach $1?

The 6-month prediction is very optimistic, forecasting XRP to reach $1.690161, a big 181.81% increase. This projection suggests that XRP could not only reach but potentially go beyond the $1 mark within this timeframe.

The 1-year outlook remains positive, with XRP expected to trade at $1.220846, representing a 103.56% gain from the current price.

Legal Experts’ Views

Marc Fagel, a former SEC official, says settlement talks wouldn’t happen in closed-door meetings, which are for procedural issues. He criticizes rumors and stresses the need to understand legal procedures accurately.

Also Read: Ripple: Here’s Why XRP Could Hit $1 In 2024