$XRP

Hi, I'm Javeria, and the Ripple vs. SEC lawsuit has taken a dramatic turn, with recent developments hinting at a potential end to the long-running battle, despite the XRP price crashing over 6% in the last 24 hours.The Ripple vs. SEC lawsuit has taken a significant turn, with recent developments suggesting a potential end to the long-running legal battle. Despite this positive news, the XRP price has surprisingly crashed over 6% in the last 24 hours and 24% in the last seven days ¹.

The US SEC's decision to reassign its Chief Litigation Council, Jorge Tenreiro, to the agency's IT department is seen as a positive development for Ripple. Tenreiro led the agency's crypto unit and oversaw the lawsuits against Ripple and other crypto companies. This move, combined with the reassignment of over 50 SEC lawyers, has led crypto experts like Del Crypto to speculate that the Commission may soon make an announcement, marking the end of the lawsuit ¹.

Additionally, the US SEC is scaling back its crypto enforcement efforts, downsizing the special unit designated for this purpose. This suggests that the Commission may be ready to drop the Ripple lawsuit and other crypto-related actions pursued by Gary Gensler's administration ¹.

Despite these bullish developments, the XRP price has failed to rally. A plausible explanation is the bearish sentiment in the broader crypto market, with Bitcoin's price failing to hold critical support levels. This has led to a crash in XRP and other altcoins ¹.

However, some analysts believe that XRP still has room to run in this bull run. Dark Defender predicts that XRP could rally to $8 soon, while Egrag Crypto suggests that XRP could surge by 1,500% and reach as high as $27 in the coming weeks ¹.#TST&CheemsOnBinance #BNBChainMeme #Xrp🔥🔥 #Ripple