24th February 2025 – (New York) The cryptocurrency community is abuzz with speculation that the U.S. Securities and Exchange Commission (SEC) may dismiss its lawsuit against Ripple, following the recent decision to drop its case against Coinbase. This development has raised hopes that XRP could soar to new record highs, potentially surpassing $3.40.

XRP has experienced a period of stagnation throughout February, but the SEC’s unexpected withdrawal from its litigation against Coinbase has ignited optimism within the market. Coinbase CEO Brian Armstrong heralded this outcome as a pivotal moment for the U.S. cryptocurrency industry, warning that an SEC victory would have driven innovation overseas and hampered business growth.

Armstrong further suggested that the political climate, particularly following the recent election of Donald Trump, may have influenced the SEC’s decision to recalibrate its regulatory approach.

This shift has generated a ripple effect for XRP holders, who are now cautiously optimistic about the prospects of the ongoing Ripple vs. SEC case, currently in the appeals stage, being dismissed as well.

Recent actions by the SEC suggest a potential easing of its stance on cryptocurrency regulation, as evidenced by several enforcement “crypto pauses,” delays in two crypto appeals, and the closure of its investigation into OpenSea. These developments imply that the SEC may be reconsidering its approach to digital assets, which is generating increased optimism regarding Ripple’s legal challenges.

Prominent crypto analyst Jeremy Hogan anticipates a possible settlement by May at the latest. Should the SEC withdraw or settle its case against Ripple, it would eliminate a significant legal hurdle for XRP, potentially catalysing a bullish breakout.

Currently, Ripple is trading in a range below $3, with the 100-day simple moving average (SMA) providing support and the 50-day SMA acting as resistance. A favourable resolution to the legal saga could spark a substantial rally, pushing XRP prices beyond $3 and towards the all-time high of $3.3940. With regulatory uncertainties diminishing and investor sentiment improving, XRP may be poised for a historic price surge.