XRP Price Prediction: Could the SEC Lawsuit Finally Turn in Ripple’s Favor?

XRP has retained the $3 price level amid the recent sell-off and eyes new all-time highs.
John Deaton predicted that the US SEC will likely lose if it appeals Judge Analisa Torres’ decision.
A number of XRP-associated exchange-traded fund (ETF) filings have surfaced as well.

XRP, the third-largest cryptocurrency with a market cap of $182.85 billion, surged 13.3% over the past week. The token held its ground above $3, resisting seller attempts to push prices into the $2 range. Analysts suggest that the potential approval of a spot XRP exchange-traded fund (ETF) and a favorable outcome in the SEC lawsuit could drive XRP to new all-time highs.

John Deaton, a pro-Ripple lawyer, predicts the SEC is on shaky grounds in its case against Ripple. Speaking in an episode with the Good Morning Crypto Show, Deaton highlighted Judge Analisa Torres’ earlier ruling that XRP is not a security when sold to retail investors. He argued that the SEC’s lack of logical grounding could lead to another defeat.

With Paul Atkins as the new SEC Chair, analysts are optimistic about a peaceful resolution. Atkins has previously criticized the agency’s regulatory overreach, fueling hopes that his leadership could create a more collaborative environment for Ripple.

In a related development, REX Shares has applied for multiple crypto ETFs, that includes XRP among others like Solana (SOL), Dogecoin (DOGE), and Bonk (BONK).

XRP Price Analysis: Key Indicators to Watch

XRP has held above the $3 price level which means that the altcoin still has significant upside potential. The MACD indicator remains bullish for the altcoin but the MACD line (blue) and the signal line (red) are now coming close which suggests a correction.

The Relative Strength Index (RSI) reads a value of 66.12 which means that the bulls are overall in control of the XRP token’s price action. The gradient of the line suggests slight back-and-forth movement before the cryptocurrency gains bullish momentum.

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