The post SEC Drops Lawsuit Against Ripple: Why XRP’s Price Hasn’t Seen A 3x Surge Yet? appeared first on Coinpedia Fintech News
The Ripple vs SEC lawsuit is finally nearing its end after years of intense legal battles. This decision marks a massive win for both Ripple and the broader cryptocurrency industry, setting a critical precedent that could reshape future crypto regulations. After the lawsuit’s conclusion, XRP’s price jumped over 10%. With Ripple now past its regulatory hurdles, some projections predict XRP could reach over $5 by 2025.
SEC Dropping Appeal: A Game-Changer for XRP
In a latest X post, software engineer Vincent Van Code has explained how the SEC dropping its appeal against Ripple is a major win for XRP. He has also touched down on why XRP’s price hasn’t tripled yet, even though he initially expected it to.
He started off by highlighting that the main threat to XRP in SEC appeal was to challenge Torres ruling that XRP in and of itself, is not a security. This threat created major uncertainty for XRP, putting it in a state of doubt where big banks and institutions hesitated to get involved or invest.
Further, Ripple was fined $125M last year for direct sales to institutions, but they’ve already paid the fine, and the money is in escrow, awaiting clarity on the appeal. Brad Garlinghouse mentioned that Ripple might appeal the ruling on institutional sales, but that’s a separate issue.
Key Takeaway – XRP Not A Security
He noted that in the worst-case scenario, Ripple would have to register its sales to institutions with the SEC, or institutions could simply buy XRP on the open market using decentralized exchanges (DEX), automated market makers (AMM), liquidity providers (LPs), or RLUSD.
However, he emphasized that the undisputed rule of land is clear: XRP is not a security, and this issue is settled once and for all. With the SEC threat behind them, Ripple and its 1,500 partners can now focus on growth without worrying about legal setbacks.
Coming to the XRP price, he noted that the price continues to show low volume, largely due to market manipulation by Binance and their VIP trading bots. Major investors will begin accumulating XRP when the conditions are right, but they are not rushing, as board approvals that often occur once a month, are required.
The Bottom Line?
The risk around XRP is gone, and there’s nothing stopping its adoption. It’s highly unlikely that any event will drastically lower the price moving forward.
Vincent firmly believes the future for XRP is all uphill, although he humbly admits he’s been wrong about price predictions before. He noted that impatience is the real enemy, encouraging everyone to stay patient, enjoy the victory, and plan wisely for the future.