XRP's price has dropped after analysts indicated that the SEC's decision has not been priced in🔥🔥🔥🔥🔥
Zach Rector believes that XRP does not reflect the impending end of the SEC's lawsuit.
The deadline for a status update on August 15 may represent the final stage for settling the appeal.
The potential approval of an exchange-traded fund, along with the conclusion of the case, could set targets ranging from $10 to $20.
XRP is trading at $2.95 amid downward pressure, as analyst Zach Rector argues that the cryptocurrency has not priced in a near-term catalyst that could change its valuation. The market analyst notes that the current pricing does not account for the potential outcome of the legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple.
Rector highlighted a widespread lack of confidence in the XRP community regarding the imminent resolution of the lawsuit. This skepticism may provide opportunities for investors who recognize the approaching deadline and its potential impact on the market.
The XRP community's doubts are creating a gap in the market
The analyst noted a gap between market sentiment and potential developments in the Ripple case. Even dedicated XRP holders still doubt the lawsuit's imminent resolution, despite approaching procedural deadlines.
Mark Fagel, a former SEC attorney, confirmed that the appeals process is nearing its end, bolstering the credibility of speculations about the timing of an official conclusion. The expert's assessment provides professional validation for expectations regarding the case's resolution.
August 15 represents a crucial date where both Ripple and the SEC must provide updates regarding the status of the pending appeals. This procedural requirement could activate final resolution mechanisms if both parties express a willingness to conclude the proceedings.
A five-year legal battle is nearing its conclusion
The SEC's case against Ripple has stretched for nearly five years, creating ongoing uncertainty regarding Ripple's regulatory status. While 2023 rulings confirmed that Ripple is not a security, disputes over institutional sales and offerings are expected to continue until 2025.
Market observers suggest that mid-August may see both parties simultaneously withdraw their appeals. Ripple has publicly expressed its willingness to drop its appeals, while the SEC's stance remains undisclosed pending a status update.
A complete dismissal of the case would remove the legal barriers that have constrained Ripple's valuation for nearly half a decade. Rector believes that current investor hesitance presents a final opportunity to acquire Ripple before the decision leads to significant capital inflows.
According to Rector's forecasts, a combination of legal resolution and the availability of ETFs may set the stage for XRP's price to reach between $10 and $20 over the next year. These targets depend on continued institutional interest and ongoing adoption by individuals.
Current market conditions show XRP's price stabilizing below $3, awaiting catalysts that could reshape its investment thesis. The deadline on August 15 represents a critical turning point for both the legal resolution and market reaction.$XRP
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