XRP News: Analyst Predicts $10 Price Target by 2030 Following SEC Lawsuit Resolution

In a significant development for the cryptocurrency market, a prominent analyst has offered a bullish prediction for XRP following the recent resolution of the long-standing lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC). This decision has lifted a major uncertainty that has weighed on the digital asset since 2020, sparking renewed Optimism among investors and analysts alike.

XRP: Analyst Predicts $10 by 2030 After SEC Resolution

A renowned cryptocurrency analyst has shared a long-term prediction for XRP following the resolution of the US Securities and Exchange Commission (SEC) lawsuit against Ripple Labs. This decision removes a cloud of uncertainty that has hung over XRP since 2020, rekindling optimism regarding the cryptocurrency’s future. Analysts like Bitget’s Ryan Lee see this move as a crucial turning point for XRP, predicting a significant appreciation with a $10 target by 2030.

Ripple’s $50M SEC Settlement Confirmed

The legal fight between Ripple and the U.S. Securities and Exchange Commission (SEC) is officially over. Last week, the SEC decided to drop its appeal, clearing the way for a final resolution. As part of the settlement, Ripple will pay a $50 million fine, which will be held in an interest-bearing account. Additionally, Ripple has agreed to drop its cross-appeal, meaning they won’t challenge the SEC’s earlier rulings anymore. A key part of the resolution is that the court will lift the injunction that had been placed on Ripple at the SEC’s request.

Ripple vs. SEC Lawsuit Update: Case Set to End in 60 Days!

The long-running legal battle between the SEC and Ripple has reached its final stages. Last week, the SEC agreed to drop its appeal without conditions, and Ripple has now decided to drop its cross-appeal. Under the terms of the agreement, the SEC will retain $50 million of the $125 million fine, which is already held in an interest-bearing escrow account, while the remaining balance will be returned to Ripple.

Ripple Settles, XRP Slumps Despite Legal Win

The long-standing SEC vs. Ripple case has officially come to an end. Last week, the SEC dropped its appeal, and a final resolution was reached. Ripple will pay a $50 million fine and has agreed to drop its cross-appeal. The judge’s earlier injunction will be lifted. Despite this legal victory, XRP’s price failed to capture $2.50. Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed that the SEC will keep $50M of the $125M fine already in an interest-bearing escrow in cash, with the balance returned to Ripple.