XRP’s price is stuck around $0.50, which is a big deal because Ripple and the SEC are having their last meeting before the trial. This meeting could affect XRP’s price, as people are hoping for an early settlement. But there’s uncertainty because we don’t know how the SEC will react to the judge’s decision about whether XRP is a security or not. Given the situation, XRP is having a hard time and struggling at $0.50, what next will it doom or rise?
XRP Current Price Outlook
At present, XRP is facing difficulty in surpassing the $0.50 mark, hinting at possible downward pressure. If it fails to break through this level, it could lead to more drops, finding support at $0.4717 and $0.4188. However, if XRP successfully breaks above $0.50, it might start a bullish trend, aiming for $0.5310 and higher. The final pretrial conference’s result could influence XRP’s short-term price movement, impacting how investors feel and where the market goes next.
Impact of SEC-Ripple Lawsuit on XRP
The outcome of the case holds a lot of importance for XRP’s market. Judge Torres’s decision confirming XRP as a non-security brought some relief to the cryptocurrency, but there’s still uncertainty about whether the SEC might appeal. Any changes in the lawsuit, like talks of a settlement or clearer regulations, could affect how XRP’s price moves and how people feel about it. Traders and investors should pay close attention to updates from the final pretrial conference and what happens next in court to understand where XRP might be headed.
What next?
In today’s court meeting, a prosecutor and a defense lawyer may decide whether Ripple’s case against the SEC should go to trial or if they can agree on a solution without going to trial. People who support XRP are hopeful about this meeting, thinking it could lead to Ripple and the SEC reaching an agreement. One XRP supporter even believes the case might end very soon, sparking excitement among XRP fans for a quick resolution.
This week is crucial, as Ripple’s defense team must submit its opposition brief by April 22 and a redacted version by April 24. The SEC will also submit its rebuttal brief by May 6. Everyone will then debate any outstanding issues, with further filings expected until May 20. These deadlines will shape the Ripple-SEC case.