Ripple has won a tremendous victory over the blockchain company’s legal battle with the United States Securities and Exchange Commission (SEC), with Judge Analisa Torres ruling that the XRP token is not a security. However, the XRP community is still waiting for the final decision before walking away from the lawsuit. Amid this uncertainty, AI and analysts are sharing their predictions for XRP.
What are the alternatives for the Ripple lawsuit?
As you follow on Kriptokoin.com, as the court noted, Ripple Labs did not violate federal securities law by selling the XRP token to retail investors on public cryptocurrency exchanges. However, the judge ruled that XRP sales to institutional investors were actually sales of securities. So, the SEC got a partial win for itself.
Now, the possible consequences of the final decision become important. Having both parties come to an agreement and resolve the case will lead us to this conclusion. In a different scenario where the parties cannot reach an agreement, the case can be taken to the court. On the other hand, it is also possible for one of the parties to appeal the case.
When exactly will the Ripple lawsuit end?
Legal experts, in particular, are divided over the regulator’s next course of action. Experts are debating whether the SEC should appeal Judge Torres’ decision and try to reverse the conclusion that XRP is not a security, or take a different front, where it can deal with Ripple and attack the crypto industry like crypto trading platform Coinbase.
The SEC could suffer an even worse loss, including financially, if it files an appeal under chairman Gary Gensler. It is also possible for Ripple to extend the initial appeal until the next presidential election or beyond. After that, Gensler will probably go. Because the high courts prefer not to decide the issues partially. Moreover, it usually waits until there is a final decision. In this context, legal expert Jeremy Hogan makes the following assessment:
If the SEC wins the appeal, it will withdraw some of the adverse cases at the hearing level. However, if he loses on appeal, now the 2nd District Court of Appeals (DCA) Every Court in the District has to abide by this decision. They can literally turn a molehill into a mountain.
Indeed, it is possible that the SEC will decide to settle if it realizes that it is not worth their effort. In this case, the XRP community gets over the whole ordeal much quicker. Either way, it would be a positive outcome for Ripple. This, in turn, would mean an increase in the price of XRP, as happened after Judge Torres’ decision.
XRP price predictions
According to press time, XRP was up 0.21% in the last 24 hours, changing hands at $0.714. It also fell 7.77% in the previous seven days. However, it has posted a substantial gain of 51.09 percent on its monthly chart.
XRP 30-day price chart.Meanwhile, Google’s artificial intelligence (AI) tool Bard has reached an average price of $1.30 by the end of 2023 for XRP after Ripple’s legal victory, as well as an additional $0.47 or $0.71 by the end of the year. It lists several potential price estimates, including conservative estimates.
By comparison, the machine learning algorithm used by crypto prediction platform PricePredictions predicts that XRP will trade at $0.71 by the end of August 2023. Thus, it marked a slight decline in the next 30 days. Crypto analyst CoinsKid shared an opinion that XRP could reach a price of $6 by the end of 2023. More recently, crypto market expert Cryptoinsightsuk listed five potential post-SEC price outcomes for the XRP token. Among them is also a bull run up to 10-15 dollars.
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