$XRP Faces Volatility Amid SEC Lawsuit and Regulatory Uncertainty

As the Ripple-SEC lawsuit progresses, XRP may experience heightened price volatility due to ongoing legal ambiguity. Analysts predict XRP’s price could fluctuate between $0.50 and $0.80 for the remainder of 2024, with the outcome heavily dependent on regulatory developments. Bitget’s chief analyst, Ryan Lee, notes that investor hesitation is likely to persist until more concrete legal results are achieved.

The appeal filed by the SEC introduces further uncertainty, with potential implications for XRP’s price depending on the final ruling. A favorable outcome could boost XRP significantly.

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