Ripple’s Victory Over SEC Propels XRP Towards $2 Price Target

Big news in the crypto world! Ripple scored a major win against the SEC, bringing XRP closer to the $2 mark. The California District Court approved a motion to amend its previous judgment, signaling progress in the XRP class-action lawsuit. Both Ripple and the SEC agreed that a delay was unnecessary as class claims had been settled, showing a shared interest in wrapping up this legal battle.

This victory for Ripple is not just about XRP—it’s a win for the entire crypto industry. By challenging regulatory overreach, Ripple is paving the way for clearer rules and greater innovation in the space. The community is buzzing with excitement as XRP’s price has surged by 30% in the last week, prompting hopes of breaking its all-time high. At the moment, Ripple is trading around $1.44 with a market cap of $82.1 billion.

There’s also speculation about a potential XRP-spot ETF market with the potential appointment of a pro-crypto SEC chair by president-elect Donald Trump. Ripple’s efforts to add smart contracts to the XRP ledger, as well as its partnership with Archax, are contributing to the current rally. Some analysts predict that XRP could soon hit the $2 mark, but it will need to surpass the November 23, 2024, high of $1.63 to reach new highs. Exciting times ahead for XRP enthusiasts!