XRP Price Forecast: Pro-XRP Lawyers See Ripple SEC Case Conclusion in Sight – How Will XRP React?

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Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

The XRP price has risen by a modest 0.5% today, with its move to $0.523 helping a little to offset that losses following this week’s news of the SEC’s appeal against Ripple.

XRP remains down by 11.5% in a week and by 6% in a month, with the altcoin also down by 2% in a year.

Given that most major tokens are substantially up in the last 12 months, such performance is likely to disappoint many holders.

However, numerous legal experts have suggested since the SEC’s appeal that things are still likely to turn out positively for Ripple, with some holding out hope for a settlement before the contested issue even goes to appeal.

As we’ve covered before, the SEC has filed a notice of appeal with respect to the July 2023 decision that Ripple’s ‘programmatic’ sales of XRP did not amount to investment contracts.

This sent the XRP price down by more than 10% in a day, yet attorneys have been suggesting that things aren’t as bad as they may seem.

Jeremy Hogan has argued that the SEC “is very very likely to lose” an appeal, and that even if it wins this would result only in an extra financial penalty for Ripple.

There is a mandatory mediation program in the appellate courts that encourages all parties to settle as early as possible. This is an extreme example, but if the Democrats were demolished in the election and 20% of voters in the exit polls said it was because of the Ripple case,…

Meanwhile, Fred Rispoli has also raised the possibility of a settlement between Ripple and the SEC, circumventing the need to bring the despite to appeal.

This