For years, the ongoing lawsuit has been a nuisance, but XRP Coin investors now seem to be enjoying a more pleasant perspective compared to the rest of the market. The popular altcoin’s long-standing battle is finally coming to an end. A summary judgment has been reached, largely in favor of the investors. Now, the eagerly awaited news of a settlement or a definitive decision is on the horizon.
The Future of Ripple (XRP)
Exchanges are now free to list XRP Coin and the biggest obstacle for investors has been removed. The issuances of Ripple through exchanges will not be considered securities. The SEC, apart from expressing its disappointment with this decision, has not done much else. Now, XRP Coin investors have three options ahead of them.
The first option is for the SEC to take the decision to the higher court and have it overturned, which would mean roughly another year of fighting. However, during this time, we will likely see the CFTC gaining more authority over altcoins. If the SEC chooses the difficult path, they will not be able to reach a conclusion before the start of the next bull season. Dealing with Binance and others while embarking on such an adventure would not be easy for the SEC.
The second option is for the SEC and Ripple to set a date for a settlement conference. This situation could further increase the price of XRP Coin. They have already prepared for the worst-case scenario, where Ripple emerges from this battle by paying a fine.
The third option is for the court to announce a definitive decision without a settlement. The outcome will have an impact on the price of XRP Coin. However, with the case finally coming to an end, the issue of exchanges will continue to fuel risk appetite.
XRP Coin Price Target
The prediction made by CoinsKid continues to excite XRP Coin investors. The renowned analyst predicts that the popular altcoin will soon embark on a major move, which could even result in surpassing the ATH level.
“We are somewhat reflecting what we have done before. We have the big bear market, impulsive first wave, corrective second wave, impulsive third, fourth, fifth waves, and so on. So far, so good.”
CoinsKid believes that if they can maintain this structural support and break the resistance, XRP can reach the $6 target. Their medium-term targets range from $1.6 to $1.8.
