XRP price has stayed in the red today amid a broader crypto market selloff but still maintained above the $3 level. Notably, the anticipation over another robust rally comes as speculations soar over a potential end in the Ripple Vs SEC case. Besides, a top market expert predicts a potential rally for Ripple’s native crypto $15 amid other positive market trends.
Can Ripple Vs SEC Case Conclude This Week?
The speculations over a potential dismissal or settlement in the Ripple Vs SEC case have surged recently. Notably, as the US SEC is set for its first closed-door meeting under the new acting Chair Mark Uyeda, many in the XRP community expect a major outcome in the ongoing case from the meeting.
However, it’s worth noting that ex-SEC lawyer Marc Fagel has dismissed such claims recently. Despite that, the market enthusiasts remained confident over the positive news ahead which in turn could significantly boost the XRP price.
Ex-Ripple Predicts Potential XRP Case Dismissal Or Settlement
In a heated discussion on X, ex-Ripple official Sean McBride shared his perspective on the long-running Ripple Vs SEC case, fueling speculation about its resolution. Responding to an XRP enthusiast’s question, McBride suggested the case could be either dismissed or settled within a week.
Notably, he leaned towards a settlement, citing its comprehensive nature and potential for confidentiality. “Ripple, Garlinghouse, and Larsen are all owed compensation,” he noted, adding that Ripple had “literally flipped the script on the SEC.”
Will The XRP Case Be Dismissed Or Settled?
The conversation further unfolded as McBride highlighted potential outcomes if the case were dismissed. He suggested Ripple might countersue the SEC for damages but hinted that a settlement would likely address such concerns discreetly.
Meanwhile, another XRP supporter argued that a settlement might benefit Ripple’s optics more than damages. McBride responded, hinting at Ripple’s strengthened position, possibly influenced by prior engagements with key figures from the Trump administration.
However, ex-SEC attorney Marc Fagel countered these claims, asserting that a countersuit would lack legal standing due to previous court findings against Ripple. He also dismissed the idea of backchannel settlements, emphasizing the transparency required in SEC resolutions.
Can XRP Price Hit $15?
XRP price today slipped nearly 2% and traded at $3.11, while its trading volume was down 3% to $8.3 billion. Notably, the crypto hovers between the $3.27 and $3.11 levels in the last 24 hours. Besides, despite the price dip, the XRP Futures Open Interest rose 1.3% to $6.9 billion, reflecting the strong confidence of the investors.
Meanwhile, a top market expert Ali Martinez has further fueled speculations amid this with his bold forecast. Recently, the market expert hinted towards a potential rally for Ripple’s native crypto $15. However, it’s worth noting that his prediction is not based on the Ripple SEC case conclusion but on another positive update.
Source: Ali Martinez, X
For context, he lauded the recent XRP ETF developments for his bold prediction. CME Group has recently made bold moves to launch Solana and XRP ETF in the US. Besides, top market experts like Bloomberg analysts Eric Balchunas and James Seyffart predicted a potential launch for the investment instruments on February 10, which has further fueled market optimism.
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