With the approaching of the Ripple Labs’ lawsuit settlement with the U.S. Securities and Exchange Commission (SEC), the crypto community is speculating on the potential impact on the price of XRP.
Rachel René, a popular crypto specialist, claims that the upcoming decision will not have a significant influence on the price of XRP, contrary to the expectations of many investors.
René explained that the decision will detail how Ripple will be sanctioned for minor violations, but she is skeptical that this legal resolution will catalyze a significant increase in price. She believes that the key moment for a price surge was when Judge Torres provided regulatory clarity in July of last year, which did not result in a lasting effect. René also asserts that institutional investors, who needed confirmation of the legality of buying, holding, and using XRP, have already received that clarity.
Read more:
What level does XRP need to break to rise?
The crypto specialist concludes that while a minor price increase is possible after the resolution, it will not be the significant surge that many hope for. She speculates that significant market movements for XRP are more likely to be the result of new developments demonstrating the utility and adoption of the cryptocurrency by major participants such as banks and financial institutions.
In contrast to René’s opinion, Bas van Gessel from the XRP community holds a more bullish perspective. He claims that the end of the Ripple-SEC case will catalyze a major price jump for XRP due to increased regulatory clarity, attracting more investors, institutional acceptance, and global partnerships.
René, however, responded by questioning the timing of these events, noting that while they can have an impact, they have not materialized significantly yet, as regulatory clarity was established over a year ago.
