XRP News: Ripple (XRP) SEC Case May Conclude Soon, Sparking Speculation on Future Price Reaction

The fate of Ripple’s (XRP) cryptocurrency hangs in the balance as its ongoing legal battle with the US Securities and Exchange Commission (SEC) inches closer to a potential conclusion. Recent speculation suggests that the long-awaited case could be wrapping up soon, sparking interest in how the digital asset might react in the market.

Ripple (XRP) SEC Case May End Soon: How Will XRP React?

Ripple (XRP) is currently one of the most trending crypto tokens due to its pending cases with the US SEC. A new speculative spree hints at the US SEC ending the case as soon as possible. Eleanor Terrett, a notable Fox News journalist, has shared a theory suggesting that the Ripple-SEC case may end any day now, speculating that the delay could be due to Ripple’s legal team negotiating more favorable terms with the regulatory body.

Ripple vs. SEC: Legal Battle Approaches Resolution

The Ripple case against the U.S. Securities and Exchange Commission (SEC) has moved closer to a resolution. According to crypto journalist Eleanor Terrett, two sources have indicated that the case is nearing its conclusion. The delay in reaching a resolution stems from Ripple Lab’s legal team seeking adjustments to the August 2024 district court ruling, which imposed a $125 million fine on the company and enforced a permanent injunction barring the sale of XRP to institutional investors.

XRP Price Prediction for March 13

XRP has seen a slight recovery in the last 24 hours, with a 2.04% gain. However, over the past 30 days, it has declined by 7.12%. Short-term buying activity is providing a temporary boost, but underlying market conditions and long-term bearish pressure still weigh heavily on the asset. Technical analysis suggests that XRP’s important support lies in the range of $2.20–$2.25, which is critical to preventing further price declines.

Ripple’s SEC Case Could End Soon Through Private Settlement

The long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC) is approaching a critical juncture. Reports indicate that final negotiations might be underway, with crypto lawyer Jeremy Hogan suggesting that a private settlement agreement could be the only way to resolve the case swiftly. Hogan mentioned in an X post that the SEC and Ripple could privately agree on settlement terms, involving dismissing the appeal to avoid further court ratification.