The post Can XRP Price Reach $1 in July if the Ripple v SEC Case Ends This Month? (ChatGPT Speculates) appeared on BitcoinEthereumNews.com.

TL;DR ChatGPT is optimistic that XRP’s price could rise significantly if Ripple wins its lawsuit against the SEC. The legal battle continues with discussions on the potential fines the company might face, impacting the timeline and outcome of the case. What are XRP’s Chances? Ripple’s XRP has seen better days since its price dipped substantially in the past few days. However, bulls rely on certain essential factors that could positively impact the asset’s market performance. One example is a resolution of the lengthy legal battle between Ripple and the US Securities and Exchange Commission (SEC).  The lawsuit has been ongoing for over three and a half years. While it is currently in its trial phase, industry participants might wait longer for a final outcome due to the complexity of the legal process and possible appeals from both parties. Earlier this week, American attorney Fred Rispoli predicted that the case could be resolved at the end of July after a penalty of no more than $25 million for Ripple and $0 disgorgement. As such, we decided to ask ChatGPT if XRP’s price can hit the $1 milestone if that prediction comes true. The popular AI-powered chatbot estimated that the lawsuit’s outcome could boost the asset’s valuation to that level and even beyond, but only if the magistrates’ decision is in favor of Ripple.  “Historically, XRP has experienced price surges following favorable court rulings. For instance, when Judge Analisa Torres ruled that Ripple’s sales of XRP to retail buyers did not constitute securities sales, the price of XRP spiked by over 80%​,” ChatGPT reminded. On the other hand, the chatbot casted doubts that the lawsuit will be over in the following weeks, claiming such a regulatory development might be prolonged in time.  What’s New on the Ripple v SEC Front One major…

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Filed under: News - @ July 6, 2024 10:00 am