The price has been adjusted to forty-two cents, but market participants and analysts anticipate that XRP will soon reach its all-time high of three dollars and four cents and will eventually reach fifty dollars as a result of the successful outcome of the court action.

The Ripple Laboratory, where XRP coins were initially developed, was served with a lawsuit by the SEC in December of 2020. The CEO of the company was also named in the complaint. Officials have leveled allegations against Ripple, claiming the company violated security regulations by selling illegal credentials.

After a little over 2 years have passed since the lawsuit was initially filed, the judicial system has finally reached a decision that many believe will have an impact on the entirety of the cryptocurrency industry. The court will evaluate what constitutes a security and will use its decision as a point of reference for other cryptocurrencies in the years to come.

Why should Ripple end up being the victor?

Recently, a U.S. District Jurist granted the request of investigators working on the case permission to act as legal counsel in the action being brought by the SEC. A judge has ruled that the outline must be submitted by all parties by the end of the month of October.

In addition, the content of Hinman's contentious speech was made public against the wishes of the authorities. Ripple suggested that the documents, including the speech given by his former employee at the SEC, were essential to the lawsuit and ought to be examined.

The potential worth of XRP in the future

There is a possibility that a final ruling on Ripple's lawsuit against the SEC will not be issued until the winter of the next year. In the event that the outcome is favorable, the price of XRP may rebound to an unprecedented high-pitched price of more than three dollars and then continue to climb to $50.

If the system prevails in the action, a recent estimate made by an industry expert suggests that in approximately two years from now, the price of XRP might reach around four dollars. The most bullish forecasts anticipate that the value of an XRP exchange transaction will hit one dollar before the end of the current year. And then it will keep expanding after that.