The XRP price has had a bit of a roller coaster ride over the past few weeks. The supporters of the XRP coin are tense and expect the verdict in the legal dispute with the US Securities and Exchange Commission SEC in the coming weeks. But what would happen if Ripple loses the lawsuit? How Low can XRP reach?
How did Ripple (XRP) price move in the last few weeks?
The last few weeks have been very changeable for the Ripple (XRP) price. In January, the XRP price was able to rise sharply. In the weeks that followed, we saw more of a sideways movement. In mid-March, the XRP coin began a rally, taking the price from $0.36 to $0.57.
After that strong gain, it fell again in the weeks that followed. The Ripple (XRP) price fell back to a value of 0.50 dollars. After a longer period of stabilization, the XRP price crashed to $0.45. The Ripple (XRP) price has stabilized at this level in the last few days.
What happens if Ripple loses the lawsuit?
The Ripple (XRP) price was able to rise slightly overall in 2023. There was a lot of enthusiasm a few weeks ago, as some rumors surfaced that Ripple Labs could be acquitted in a lawsuit with the US Securities and Exchange Commission . However, no further positive details have been made public in recent weeks.
Should Ripple lose this lawsuit, the founders of the company would have been guilty of illegal securities trading. This would have a strong negative impact on the reputation of the company and thus also on the Ripple (XRP) price.
How Low can XRP reach in this case?
In the event of a guilty verdict, Ripple’s reputation would be severely damaged. This damage could cause the XRP price to fall sharply. A drop of more than 90% does not seem impossible. But at least a drop of more than 20 to 30 percent within a short period of time seems very realistic. That is why we have repeatedly called the XRP coin a speculative investment in recent weeks.
Furthermore, it would then be clarified that Ripple’s XRP coin is a security. Going forward, the company would have to comply with strict SEC requirements. This could also damage the Ripple (XRP) price in the long term . Therefore, the verdict will be a crucial event for Ripple and for the entire crypto market.
