Ripple Lawsuit Update: Will XRP Recover After Legal Uncertainty? – BitRss

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The Ripple vs. SEC case continues to create uncertainty for XRP. Many in the crypto community hope a settlement will push the price up, but lawyer Bill Morgan has raised concerns. He believes that the case’s uncertain outcome is putting pressure on XRP. While rumors of a settlement have been circulating, Morgan warns that if the lawsuit drags on or if the SEC files an appeal, XRP’s price could struggle. However, with recent events of the SEC’s changing stance on crypto cases, the chances are high that the SEC won’t take a legal route anymore and will end it but when it will remain a mystery till April 16th. Ever since the case started it has majorly impacted XRP price and till now investors are hesitant to adopt XRP. 

Ripple’s Growth Remains Strong

Despite the legal scoop, Ripple’s Senior VP, Eric van Miltenburg, says the company is growing. He calls the lawsuit “theatre,” suggesting that the real negotiations may already be happening behind closed doors. Miltenburg also points out that XRP’s adoption in the U.S. is rising, proving that the lawsuit has had little effect on Ripple’s expansion. He argues that XRP is not just a digital token but a geopolitical asset with long-term value.

Experts Agree to Disagree on Settlement 

Crypto experts have different opinions on when the lawsuit will end. Some, like MetaLawMan and Jeremy Hogan, believe the case could drag on for months, delaying XRP’s price recovery. Others, like lawyer Fred Rispoli, predict a quicker resolution, possibly by March or April. Many investors are also watching political changes in the U.S. and the SEC’s changing stance on crypto, hoping these factors will speed up a settlement.

XRP’s Price Outlook

XRP is currently trading at $2.28, down 2.19% today. Despite a 9.47% rise over the past week, the token is still 17% lower than last month. Trading volume has also dropped by 12.5%, now at $3.66 billion. While Bill Morgan’s warning suggests more downside risk, analysts remain hopeful. Good Morning Crypto believes XRP could surge in the coming months, with some even predicting a bold $100 target in this bull run. 

Will XRP Bounce Back?

Although XRP’s price has dipped by 8%, many investors still see long-term potential. Ripple’s latest trademark filing and upcoming regulatory changes could help push the price back up. If sentiment improves, XRP may rise. However, with legal uncertainty still in play, investors should stay cautious and watch for updates on the Ripple SEC case before making any major decisions. 

While Ali Martinez, a crypto expert pointed out that XRP is forming a head-and-shoulders pattern on the weekly chart, signaling a critical price level. The key support to watch is $2, and holding above it is essential to prevent further downside. If XRP maintains this level, it could regain bullish momentum, but a breakdown might lead to a deeper correction.