Is XRP finally ready to break free from years of legal uncertainty? With Ripple Labs and the U.S. SEC potentially entering the penultimate phase of the lawsuit, speculation has been rife for what might be a landmark moment in the altcoin’s history. An unscheduled closed-door meeting with the SEC on Thursday, July 3, 2 p.m. ET, sent waves of speculation on the crypto front, engendering equal parts optimism and caution.
Let’s dive into the latest developments, technical patterns, expert projections, and the resultant implications for XRP price projections in 2025 and beyond.
Legal drama between Ripple and the SEC started in December 2020 when the regulator accused Ripple of having sold XRP as an unregistered security. Since then, this courtroom clash has largely influenced the price movements and investor sentiment relating to the altcoin.
Now, indication after indication starts suggesting resolution. Recently, U.S. District Judge Analisa Torres denied the SEC’s request to change the penalties and to overturn an injunction issued earlier. Ripple dreading from its cross-appeal, and his CEO Brad Garlinghouse hinted on X that this saga might finally be over:
“We’re closing this chapter once and for all.”
If the SEC also abandons its appeal, the legal fog would lift for good, reviving the long-rumored and much-awaited IPO for the company and greater institutional participation.
Another catalyst that may come following the resolution of lawsuits would be the approval of an XRP ETF. According to Bloomberg analysts, there is a 95% chance of approval by the end of 2025, provided Ripple comes out of the case with regulatory clarity.
This indeed would be a game-changer. BlackRock, among other financial heavyweights, could thus enter the ecosystem, providing so much liquidity to the ecosystem and channeling mainstream adoption in stock. The mentioned developments could bring out a strong bull cycle in the next few months.
Meanwhile, the altcoin is trading with a 1.35% daily gain, and the 24-hour trading volume has seen an upward earning of 115% and reached $4.14 billion, reported by CoinMarketCap. This signals renewed interest and strong buying pressure—likely tied to legal resolution speculation and growing optimism about Ripple’s future.
Moving forward, the next line of market moves will be contingent upon what transpires at the SEC meeting on July 3. The announcement of a formal closure could bring in one of the best upward thrusts of the prolonged consolidation block of XRP.
According to EGRAG CRYPTO, the chart is exhibiting one of the classic patterns-the "W" pattern or double bottom-which generally signifies reversal and the beginning of a strong uptrend.
Here’s how the breakout targets stack up:
Conservative Target: $15
If the altcoin escapes the consolidation range, this price could be the next major resistance level. It is the first real stop encountered in a big bullish rally.
Average Target: $22
This price level is in direct line with strong buying momentum and major market support. Institutional adoption news, ETF advancement, or positive court ruling may serve as this momentum.
Optimistic Target: $40
Parabolic action towards $40 would need multiple catalysts-general remittance partnerships, Ripple's IPO launch, and completion of the U.S. regulatory framework. An ambitious set of targets but achievable under extreme bullishness.
Source: EGRAG Crypto
EGRAG CRYPTO also gives trading tips: Secure profits in between $6 and $7; always get back your initial money once real profit has accrued. Given the volatility in the past and price spikes, it is wise to take profits in stages at major resistance levels.
The July 3 SEC meeting might stand as a turning point not just for Ripple and XRP but for the entire crypto market. If finally the regulatory uncertainty is lifted, Ripple will be able to stand as the dominant force of blockchain finance, opening up to institutional inflows, mainstream utility, and even an XRP ETF.
Also read: Can Pi Network Hold $0.40 Amid Massive Token Unlock Pressure?Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
good good