is one of the most famous cryptocurrencies in the crypto world, closely associated with Ripple Labs. Unlike many cryptocurrencies that focus on decentralized payment systems, was specifically designed to be an efficient and fast solution for cross-border money transfers...

The RippleNet network, which uses XRP, offers a solution for international financial transfers that are often slow and costly. Thanks to its unmatched speed and very low costs, XRP has become a focal point for financial institutions and banks around the world.

Developments in the Ripple and SEC case: the main driver of the price

For years, the Ripple case with the U.S. Securities and Exchange Commission (SEC) has been the main concern for XRP investors. In December 2020, the SEC filed a lawsuit against Ripple claiming that the XRP currency is an unregistered security. This legal dispute has overshadowed the price of the currency and affected its adoption.

However, recently, the case has seen significant developments. In 2024, a partial ruling was issued in favor of Ripple, where the court ruled that sales of XRP on public exchanges are not considered securities. Although the ruling was a major victory for the company and the cryptocurrency industry as a whole, the SEC appealed the decision.

Recently, there were reports of a federal judge rejecting a $50 million settlement between the SEC and Ripple, as the court criticized both parties for attempting to bypass a permanent injunction against Ripple. This development shows that the case is not over yet, and the road remains long towards a final resolution, which makes the price of XRP volatile and closely watched amid this legal battle.

XRP price predictions and influencing factors

XRP has recently seen notable increases, reaching its highest levels since 2018. This rise is not only a result of the general market optimism about cryptocurrencies but also due to specific factors related to XRP:

* Hope for a positive ruling: Many investors believe that the conclusion of the case with the SEC, whether through a settlement or a complete victory, will unleash the price of XRP and attract more institutions to invest in it.

* Interest in ETF funds: There is increasing interest in offering exchange-traded funds (ETFs) for XRP. Some companies have already started applying for SEC approval for these funds.

* Expansion of RippleNet usage: Ripple continues to build new partnerships and expand the RippleNet network, enhancing the utility of the currency in the real world.

Despite these positive factors, some warn that the recent rise may be temporary and that there is a risk of a significant downturn. Nonetheless, optimism remains prevalent among holders of the currency that its long-term future is bright and that it will regain its status as one of the leading cryptocurrencies.

in the market.