Earlier in August, the XRP community received good news when a court ruled that Ripple Labs should pay a $125 million fine to the SEC for selling unregistered securities. However, the SEC is appealing this decision, extending the 4-year battle but potentially boosting XRP's price in the long run.
A crypto analyst on TradingView, named AnalysisParalysis, predicts XRP's price will first crash before surging. The SEC appeal is expected to trigger a 30% decline, pushing the price to $0.33. Following this, the analyst expects a significant uptrend, with XRP potentially reaching as high as $8.80 by summer 2025.
Currently, the Ripple vs. SEC lawsuit continues as the regulator appeals the decision on secondary programmatic sales of XRP tokens. Legal experts like Marc Fagel have presented various outcomes. Despite the uncertainty, a resolution could positively impact XRP's price, with projections ranging from $1 to $100.
