The Ripple vs. SEC case, one of the longest-running and most high-profile lawsuits in the crypto world, centers around whether XRP, the native cryptocurrency of Ripple Labs, should be classified as a security.
This case has been a thorn in the side of Ripple, with significant implications for the entire cryptocurrency market. With Gensler, widely seen as an anti-crypto figure, set to leave, speculation is mounting that the new SEC leadership could result in favorable outcomes for Ripple and other digital asset companies.
Jeremy Hogan’s Prediction: XRP Lawsuit Could End by 2025
Following the announcement of Gensler’s planned exit in January 2025, Jeremy Hogan, a prominent lawyer who has consistently supported Ripple’s case, shared his thoughts on the potential conclusion of the lawsuit.
On social media, Hogan expressed optimism, noting that the case could wrap up by spring or early summer of 2025. This timeline has sparked renewed interest among investors and analysts, who have been closely monitoring the case’s progress.
“I still think we are looking at spring next year – maybe early summer,” Hogan commented in response to a question about when the Ripple vs. SEC case might settle.
His statement has added to the growing sentiment that the departure of Gensler could lead to a more favorable outcome for Ripple, potentially ending years of uncertainty surrounding XRP’s regulatory status.
The Ripple vs. SEC lawsuit began in late 2020, and it has since become a key battle in the broader debate about how cryptocurrencies should be regulated. Gensler, who took office as SEC chair in 2021, has been vocal about his belief that many cryptocurrencies, including XRP, fall under the SEC’s jurisdiction as securities.
This position has led to significant pushback from the crypto industry, which argues that such regulation stifles innovation and limits growth in the digital assets space.
Market Sentiment Shifts Following Gensler’s Exit
Gary Gensler’s exit has been welcomed by many in the crypto community, who view his departure as a potential turning point.
With a new SEC chair likely to replace him, there is hope that the regulatory environment for cryptocurrencies will become more balanced and favorable to innovation.
In addition to Hogan’s prediction, several other notable figures have weighed in on the evolving market sentiment. For instance, lawyer John Deaton, a strong advocate for XRP, has suggested that XRP’s market capitalization could soon hit $100 billion, particularly with the changing dynamics in the U.S. government.
Furthermore, the recent rally in Bitcoin’s price has also helped fuel positive sentiment in the broader crypto market, leading some analysts to predict that other major altcoins, including XRP, could follow suit.
Ripple’s Recent Developments Fuel Investor Optimism
Aside from the legal drama, Ripple has also been making strides in the market, further boosting investor confidence. Pro-XRP lawyer Hogan recently highlighted a series of positive developments for XRP, including the launch of the WisdomTree Physical XRP ETP on major European exchanges, such as Börse Xetra and SIX Swiss Exchange.
This move has reignited discussions about the possibility of an XRP ETF being approved in the U.S., with firms like Bitwise and Canary Capital already submitting proposals to the SEC.
Moreover, Hogan has suggested that an XRP ETF could be launched in the U.S. within the next six to twelve months, which would mark a significant milestone for Ripple and its investors.
This optimism is further supported by recent market movements, including a surge in XRP’s price. As of today, XRP’s price has risen nearly 27%, trading at $1.43, with its trading volume spiking by 235% to $22.29 billion.
Additionally, open interest in XRP futures has increased by over 31%, signaling growing confidence in the token’s future.
Looking Ahead: What’s Next for XRP?
With the XRP price soaring, analysts are becoming increasingly bullish on its prospects. CrediBULL Crypto, a top market analyst, pointed out that XRP’s monthly RSI (Relative Strength Index) has entered the “overbought” zone for the first time in three years, signaling strong bullish momentum. The analyst has set a price target of $2 for XRP in the near term, with a longer-term target of $3.3.
Similarly, market expert Ali Martinez echoed these sentiments, suggesting that Gary Gensler’s departure is the “best thing that could happen to Ripple” and predicting that XRP’s price could soon reach $2.
This optimism has contributed to a positive outlook for Ripple and XRP holders, who have endured years of legal uncertainty.
As we approach 2025, all eyes will be on the Ripple vs. SEC case and the impact of Gensler’s departure on the regulatory landscape for cryptocurrencies.
For now, investors remain hopeful that the case will conclude soon, allowing Ripple to move forward and enabling XRP to solidify its position as a leading digital asset in the market.
