The legal battle between Ripple Labs and the SEC is nearing its conclusion, with both sides having filed their key arguments. Ripple’s Chief Legal Officer, Stuart Alderoty, expressed optimism about a swift resolution, while criticizing the SEC’s approach to the case.

Key Points from the SEC’s Filing

• Financial Harm: The SEC argues that Ripple’s XRP sales caused financial harm and justifies an injunction to prevent future violations.
• Reliance on XRP Sales: The SEC highlights Ripple’s dependence on XRP sales, suggesting a continued risk of future violations.

Alderoty’s Rebuttal

• Following the Law: Alderoty accuses the SEC of failing to consistently apply regulations and misleading the judge.
• International Recognition: He criticizes the SEC’s disregard for international financial regulations regarding XRP.

XRP Price Gains Amidst Legal Uncertainty

Despite the ongoing lawsuit, XRP’s price has seen a slight increase in the past 24 hours. Analysts predict a potential surge in the coming years, fueled by several factors:

• Ripple’s Stablecoin Launch: The upcoming stablecoin, pegged to the US dollar, could attract new investors and increase XRP adoption.
• Strong Community Support: XRP enthusiasts remain confident in the long-term potential of XRP, with some predicting a price jump to $3 or even $5.

Looking Ahead:

• The XRP lawsuit is expected to reach a verdict soon, potentially impacting XRP’s price significantly.
• The success of Ripple’s stablecoin launch and overall market sentiment will also influence XRP’s future trajectory.

XRP Price Prediction

Some analysts predict a rise to $0.66 by June 5th, 2024. Technical indicators remain neutral, with a slight bullish bias.