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The Ripple vs. SEC Legal Battle: Nearing Its Conclusion
Renowned market analyst, Abraham, has recently indicated that the protracted Ripple vs. SEC lawsuit is drawing to a close. This conclusion could lead to a significant “regulatory breakout” for XRP, positioning the altcoin favorably in the market.
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Final Developments in the Ripple vs. SEC Case
In a recent social media post, Abraham highlighted that we are witnessing the concluding phase of the Ripple vs. SEC lawsuit. He emphasized that XRP is on the verge of emerging not just free from legal entanglement but also in a strong market position. Both parties have reportedly paused their appeals, signaling their readiness to reach a settlement and conclude the case.
Recently, both parties submitted a status report to the appeals court, seeking an extension of the pause on the case. They aim to receive an indicative ruling from Judge Analisa Torres. Abraham highlighted this joint motion, emphasizing the request to lift the injunction against Ripple and reduce the civil penalty to $50 million. According to the expert, this isn’t merely a minor consequence; it publicly indicates a victory for Ripple. Institutions are taking notice.
Looking forward, Abraham is optimistic that Judge Torres will soon issue a final ruling in the Ripple vs. SEC lawsuit, likely affirming that XRP is not a security. Once this occurs, he anticipates that institutions previously hesitant will have the green light to engage with XRP, marking the “regulatory breakout” moment. This decision would effectively dispel the legal uncertainties surrounding XRP.
The Potential Emergence of XRP ETFs
As the Ripple vs. SEC lawsuit nears its conclusion, Abraham is confident that XRP Exchange-Traded Funds (ETFs) could receive approval in the near future. These financial instruments have recently entered the public comment phase. Given the current legal momentum, clarity, and strong market demand, there is over a 90% chance of approval by 2025. Abraham predicts that this development will open the “ETF floodgate,” driving significant market activity.
Moreover, Abraham outlined the factors that could catalyze the next XRP bull cycle, including the resolution of the Ripple vs. SEC lawsuit. This legal clarity will pave the way for XRP ETFs, facilitating institutional access. The expert anticipates that XRP’s global utility will surge, with demand driven more by practical applications rather than retail speculation.
As of now, XRP is trading at approximately $2.17, reflecting a positive trend over the past 24 hours, according to CoinMarketCap data.
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