Crypto News Today: Will Ripple vs SEC Lawsuit End After Gary Gensler’s Exit?
Qadir AK23 Nov 20242 min read
As the countdown to SEC Chairman Gary Gensler’s departure in January 2025 begins, many are wondering if this signals the end of the high-profile XRP lawsuit. In response to this news, XRP’s price has surged by over 20%, reaching $1.52. If the case against Ripple is dismissed in January, it could set the stage for even greater price targets.
Could a turning point be just around the corner? Keep reading to find out what’s next for Ripple and its potential in 2025.
Timeline for Ripple vs SEC
Pro-XRP lawyer Jeremy Hogan recently predicted that the Ripple vs. SEC lawsuit might conclude by the spring or early summer of 2025. This forecast has caught the attention of many, given that the case remains one of the longest and most closely watched legal battles in the history of crypto.
Market analysts believe Gensler’s exit could expedite resolutions in crypto-related SEC cases, potentially marking a new chapter for the industry.
XRP Market Surge
Meanwhile, XRP is experiencing a surge in interest and price action. Recent highlights include the launch of the WisdomTree Physical XRP ETP across major European exchanges, sparking talks about a potential XRP ETF in the U.S. Lawyers like Jeremy Hogan and John Deaton remain bullish, with Deaton projecting XRP’s market cap could reach $100 billion amid a change in regulations.
Ripple CEO Brad Garlinghouse also added fuel to the fire with his recent comments on the market’s positive reaction to Donald Trump’s potential Treasury Secretary pick, Scott Bessent. Garlinghouse believes Bessent’s appointment could give XRP a major boost and signal a favorable outcome in the SEC lawsuit.
To discover how high XRP can go, check out our XRP Price Prediction for 2025 and the latest updates on the Ripple vs SEC lawsuit.
It’s Looking Bullish for XRP!
XRP’s price recently surged by 27%, hitting $1.43, while trading volume spiked by 235% to $22.29 billion. Analysts, including CrediBULL Crypto, predict even brighter days ahead, with near-term targets of $2 and long-term projections of $3.3. The rise in XRP’s relative strength index (RSI) to “overbought” levels—above 70 for the first time in three years—signals strong bullish momentum and the potential for a major rally.
XRP ETF Coming Soon?
The possibility of a U.S.-listed spot XRP ETF is gaining traction, with firms like Bitwise, 21Shares, and Canary Capital filing applications with the SEC. With growing market confidence, analysts and investors are now eyeing altcoins like XRP to capitalize on the ongoing bull rally.
FAQ
- No, XRP is unlikely to reach $1,000 due to market constraints. Achieving such a price would require a market capitalization exceeding $52 trillion, which is unrealistic given the global economy. Additionally, competition, limited utility, and regulatory challenges further cap its price potential.
