Will XRP Rocket 75%? SEC’s Legal Decision Sparks Massive Rally
In a groundbreaking development for the cryptocurrency market, XRP has seen a significant surge following a key legal decision involving the U.S. Securities and Exchange Commission (SEC) and Ripple Labs. Investors and traders are now speculating whether XRP could rally as much as 75% in the coming days.
SEC’s Decision Ends Long-Running Lawsuit
The SEC has officially dropped its remaining claims against Ripple Labs, bringing an end to a lawsuit that has loomed over the company and its native token, XRP, for over three years. Initially filed in December 2020, the lawsuit accused Ripple of unlawfully selling XRP as an unregistered security. However, a ruling by Judge Analisa Torres in mid-2023 determined that XRP sales on public exchanges do not constitute securities transactions, dealing a major blow to the SEC’s case.
Following this legal victory, Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed that the company is now in a strong position to expand its operations without further regulatory uncertainty in the U.S. This news has fueled renewed investor confidence, driving XRP prices upward.
XRP Price Surge and Market Reaction
In the wake of the SEC’s announcement, XRP witnessed a double-digit percentage increase within hours. Analysts predict that if bullish momentum continues, XRP could rally by as much as 75%, potentially reclaiming its previous all-time highs.
Crypto market analyst Michael van de Poppe noted on X (formerly Twitter) that XRP has broken key resistance levels and could continue its upward trajectory. "With regulatory clarity now achieved, institutions may start considering XRP for large-scale adoption," he added.
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Broader Implications for the Crypto Industry
The conclusion of the Ripple vs. SEC lawsuit is seen as a significant moment for the cryptocurrency industry, particularly regarding regulatory clarity. Many industry leaders believe this decision could set a precedent for other cryptocurrencies facing similar scrutiny from U.S. regulators.
Brad Garlinghouse, CEO of Ripple, expressed optimism about the future of XRP and the broader crypto ecosystem. "This victory is not just for Ripple but for the entire crypto industry, signaling that innovation can thrive in the U.S.," he said.
With the lawsuit behind it and growing institutional interest, XRP could be on the verge of a major breakout. However, market participants remain cautious, watching for sustained bullish momentum before confirming a long-term uptrend.
Will XRP hit its 75% rally target? The coming weeks will be crucial as the market digests this landmark legal decision and its impact on investor sentiment.
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