According to the market expert, the verdict in the Ripple vs. SEC lawsuit is imminent and he explains the reasons for this insight.
Market expert Abraham has announced that the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has entered its final stages.
According to Abraham, the case is about to end and will result in a “regulatory breakout” that will benefit the cryptocurrency XRP.
Abraham said in a post that market participants are watching the final chapter of the Ripple vs. SEC lawsuit and that XRP will emerge not only free but also in a preferred position.
Abraham explained that both sides have temporarily suspended their appeals, which is confirmation that they are ready to settle and make a final decision.
The two have filed a joint petition asking Judge Analisa Torres to dismiss the lawsuit against Ripple and reduce the civil penalty to $50 million, which Abraham said would be a symbolic victory and show that Ripple has won the case.
Abraham is confident that Judge Torres will soon issue her final ruling that would declare XRP outside the security category.
The ruling would give all previously hesitant market players the green light to invest, marking what Abraham calls a “regulatory breakout” moment, ending the regulatory backlash on XRP.
Abraham also says that approval of XRP exchange-traded funds (ETFs) is also possible soon, as these funds have now entered the public comment phase and have a greater than 90% chance of approval in 2025 based on the current legal situation, clarity, and market demand.
These ETFs will open the doors to institutional investment and increase the global utility of XRP, where the underlying demand will be higher than retail speculation.
XRP is currently trading around $2.17, and has seen an increase in the last 24 hours.
According to Abraham, after the end of the Ripple and SEC lawsuit, a new bull market period will begin, which will significantly increase the value of XRP.
This is news, this is analysis,
This is not financial advice from the post, if you want to invest in the crypto market, do your research first, then buy.