XRPUSD has shown strong upward momentum recently. Coingape data indicates a 5.94% surge in the last 24 hours. The market’s attention is now on the SEC’s 15th January deadline to file its opening brief in the appeal against Judge Torres’ ruling in the Ripple case. There is speculation that the SEC might not pursue the appeal.

XRP Outflows Rise Ahead of SEC Deadline

The price increase is also supported by significant net outflows of XRP from major exchanges. Binance reported outflows of $82 million, Bybit $63 million, and OKX $59 million. In contrast, US investors on Coinbase have shown caution, with inflows exceeding $65 million.

The upcoming SEC deadline has sparked discussion within the XRP community. While some speculate the SEC may abandon the appeal, retired securities lawyer Marc Fagel offered a perspective on litigation practices.

He noted that delays in filing briefs are common, commenting: “In 30 years of litigation, the number of times I saw a lawyer file a brief before it was due was roughly zero.”

Why Is XRP Rising Today?

XRP’s recent increase may be due to the $2 level serving as a key psychological support. Market attention is also focused on the SEC’s 15th January deadline to submit its opening brief in the appeal against Judge Torres’ ruling in the Ripple case. Speculation suggests the SEC might not continue with the appeal.

What Could XRP’s Price Be in 2025?

Price projections for XRP in 2025 vary widely. Some conservative estimates range from $1.35 to $2.50. Analyst Levi Rietveld predicts a higher range of $20–23, with more optimistic views suggesting up to $70.

Does XRP Have Long-Term Potential?

XRP appears to have long-term potential, particularly in the fintech sector. Its role in cross-border payments and growing partnerships in regions like Asia, Africa, and Latin America could support continued growth. By 2027–2028, further integration into traditional finance may occur.

Is $500 Realistic for XRP?

A $500 price for XRP seems unlikely in the near term, as it would require a market cap of $26 trillion. More realistic projections suggest a target of $15–25 by 2030. According to Grok AI, $500 might be possible only with widespread global payment adoption after 2030.

This article was written by Tareq Sikder at www.financemagnates.com.TrendingRead More

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