Legal Expert Warns Of Downward Pressure On XRP Price Amid Uncertainty Over Ripple-SEC Lawsuit Conclusion

Ripple vs. U.S. Securities and Exchange Commission is one of the longest-running legal wrangles in the crypto industry. Over the years, the lawsuit has created a lot of uncertainty for XRP holders and investors.

The cryptosphere is abuzz with speculation of an imminent conclusion of the case, which would likely embolden the XRP bulls. While many members of the XRPArmy remain hopeful about a potential rally in XRP’s price after a favorable outcome, widely followed attorney Bill Morgan is sounding the alarm.

XRP Price On Edge

Since the Securities and Exchange lodged its enforcement case against Ripple in late 2020, the price of XRP has been stuck in the doldrums for years. 

According to Bill Morgan, the uncertainty surrounding the Ripple-SEC case poses a serious threat to the XRP price.

“I increasingly wonder whether, despite all the rumors of a settlement, the continuing uncertainty about the end or continuation of SEC v Ripple appeal will eventually increasingly exert a negative pressure on XRP price,” Morgan observed.

XRP was changing hands at $2.30 as of press time, representing a 5.5% jump on the day. While XRP has enjoyed massive gains in recent months, adherents believe the cross-border payments token is trading below its true potential value. 

Some commentators feel XRP would be the world’s second-biggest crypto if the lawsuit had not stifled its price. With a potential settlement around the corner, XRP investors are bracing for fireworks.

Ripple’s Courtroom War With SEC Nears End

Ripple’s legal brawl with the SEC over allegations of unregistered XRP sales may be nearing a resolution after more than four years.

A growing number of firms facing legal action from the SEC have had their lawsuits dismissed in the wake of former SEC Chair Gary Gensler, who took a hardline stance toward crypto, stepping down on Jan. 20. In particular, the SEC has already dropped cases and investigations into against major firms, including Consensys, Coinbase, Robinhood Crypto, and Kraken, among others.

Recent reports suggest both Ripple and the SEC might soon drop their respective appeals, with the blockchain payments firm negotiating better terms amid the shifting stance under pro-crypto acting chair Mark Uyeda.

With changes in SEC leadership under Trump, experts believe a more favorable resolution for Ripple is on the horizon.