The Ripple ecosystem is currently on a path to claim new milestones, brewing with innovative ideas and methods. For instance, Ripple has recently partnered with Unicambio to establish robust cross-border payments between Portugal and Brazil. At the same time, questions related to when the US SEC finally concluded the ongoinRipplele case are gaining momentum. In this wake, leading legal expert Jeremy Hogan has delivered a prompt response, adding that the case will be dismissed sooner than expected.
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Ripple Vs SEC- When Will The Case End?
The US SEC. vs Ripple case has been going on for years now. The US SEC, under the leadership of Gary Gensler, had earlier accused XRP of being a security, a case that caught mainstream media attention the most. In 2024, Ripple claimed victory against most of the accusations claimed by the SEC.
“What is seen as a clear victory for Ripple, the court issued a remedies order imposing a $125 million penalty for certain historic unregistered sales of XRP to sophisticated-party institutions—far below the unprecedented $2 billion in fines and penalties that the SEC requested.” Ripple shared via an early press release
In this wake, an XRP community account on X posted a highly anticipated question, asking legal expert Jeremy Hogan about when the Ripple-SEC case would come to an end. To this, Hogan’s reply was crystal clear, adding that the case will be dismissed before XRP ETFs are launched in the crypto space.
If this happens, XRP may be poised for a mega rally, which may prompt the token to claim a new high of $4 and beyond.
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Technical Analysis Of The Token
Per CoinCodex, XRP is currently sitting at $2.45 and may surge to sit at the $3.95 mark by May 2025.
“According to our current XRP price prediction. The price of XRP may rise by 64.49% and reach $ 3.95 by May 9, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 44 (fear). XRP recorded 15/30 (50%) green days with 11.43% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
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