Ripple’s Major Win Against SEC Pushes XRP Toward $2 Mark

In the latest development, the court has taken an impactful decision in order to resolve the case between Ripple and SEC. This indirect edge would remove key uncertainties around the XRP, fueling optimism that XRP could soon reach the $2 milestone. 

Ripple’s Victory Sets the Stage for XRP to Touch $2 Mark

As per the latest report, the California District Court has approved a motion to amend its previous judgment and stay the order, marketing a pivotal moment in the XRP class-action lawsuit. Both parties jointly requested the motion, agreeing that a delay was unnecessary as class claims had been settled. The court’s prompt decision underscores their shared interest in bringing this prolonged legal battle to an end. 

Ripple’s victory over the #SEC isn’t just a win for #XRP; it’s a beacon of hope for the entire #crypto space. By challenging and overcoming regulatory overreach, #Ripple has paved the way for clearer rules, fostering innovation and resilience across the industry. 🌐✔️

Thanks to… pic.twitter.com/8BUzFdGz7A

— xrpnews.crypto® ⚡️🐺 (@xrp334) November 28, 2024

The victory is likely to spark a rally in XRP’s price, which is already 30% up in the last 7 days. The cryptocurrency has surged exponentially by around 30% in the last week, raising hopes about XRP breaking its all-time high (ATH) in the crypto community. At the time of publication, Ripple is trading around $1.44 with an impressive marketcap of $82.1 billion. 

Furthermore, there is a buzz in the crypto community that says, president-elect Donald Trump’s potential appointment of a pro-crypto SEC chair has raised expectations for an XRP-spot ETF market.

Also, Ripple’s push to add smart contracts to the XRP ledger, along with its partnership with Archax, has contributed to the current rally. Some crypto analysts believe that XRP could hit the $2 mark soon. 

However, XRP needs to break through the November 23, 2024, high of $1.63 to target the May 2021 high of $1.82 and $2.0. 

Also Read: Ripple Whale Snaps Up $27M XRP as SEC Lawsuit Nears End