• Speculation over the resolution of the litigation between Ripple and the SEC is growing, which could significantly impact the regulatory status and market future of XRP.
  • Investor anticipation has pushed XRP towards the $3 mark, with Fibonacci patterns pointing to a potential target of $4.40 if positive trends continue.

The cryptocurrency community is excited as the possible resolution of the protracted legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) approaches. This is consistent with previous developments, as the SEC is set to discuss key legal issues in an upcoming closed-door meeting, where a potential resolution to the litigation could be just around the corner, according to a CNF report .

The outcome of this case is expected to significantly impact the future of XRP, Ripple’s native digital asset. Fox journalist Eleanor Terrett shared her thoughts in a tweet :

The subject matter of the closed session will consist of the following topics: Instituting and settling injunctive relief; instituting and settling administrative proceedings; resolving lawsuits; and other matters related to inspections and enforcement proceedings.

Speculation is increasing that a settlement of Ripple’s lawsuit against the SEC may be imminent. This follows a recent internal SEC meeting led by Acting Chairman Mark Uyeda to discuss issues related to the ongoing litigation.

However, former SEC attorney Marc Fagel tempered expectations, saying that those expecting a quick resolution may be disappointed. Fagel also noted that a settlement is more likely once Paul Atkins is formally nominated as SEC chairman, which requires Senate confirmation.

Market dynamics and XRP price movement

Amid these legal developments, XRP has been experiencing notable price fluctuations . The cryptocurrency recently broke the $3 mark, reaching an all-time high of $3.02 on January 15, 2025. This growth momentum is largely due to investor optimism over the potential resolution of the SEC lawsuit and the expected stance of a future administration towards cryptocurrencies.

In addition, analysts have identified Fibonacci extension patterns, suggesting that XRP could reach $4.40 if positive trends continue.

Future prospects for XRP

The ruling on the SEC lawsuit is expected to have a significant impact on XRP’s regulatory status and market performance. A favorable outcome could strengthen XRP’s position in the U.S. market, potentially leading to an increase in users and investment. Conversely, a protracted legal battle could lead to further volatility.

As the situation develops, interested parties are advised to stay informed and exercise caution when making investment decisions. Currently, according to CoinMarketCap, XRP is trading at $3.14, reflecting a slight decline of 1.18% over the last day and an increase of 1.05% over the last week, indicating a period of consolidation as the market awaits further developments in the Ripple-SEC case .