SEC-Ripple Lawsuit Verdict on April 16: What Impact on XRP?

# Key Turning Point for XRP Market Expected on April 16 By Jae Hyung Park in New York—CoinPedia reported on the 10th (local time) that April 16 is expected to be a significant turning point for the XRP market. On this day, a U.S. court is scheduled to deliver its final verdict on the lawsuit filed by the Securities and Exchange Commission (SEC) against XRP. # Explosive Growth for XRP Based on Lawsuit Outcome? Recently, the political atmosphere in the United States has turned more favorable toward the cryptocurrency market. Since Donald Trump was elected as the next U.S. President in November last year, pro-cryptocurrency sentiment has strengthened, raising investor expectations for a positive outcome in the case. Market analysis suggests that if XRP wins the lawsuit, its price could see substantial growth. For instance, on November 5 last year, when the political climate shifted in favor of the cryptocurrency market, the price of XRP was $0.5044. Since then, the price of XRP has surged by more than 329.16%, particularly in November 2024 alone, when it skyrocketed by 281.7%. # Could Trump Administration Policies Favor XRP? The Trump administration has been actively supporting the cryptocurrency industry with various policies. Notable measures include the establishment of a dedicated task force within the SEC to regulate cryptocurrencies and the appointment of crypto-friendly leaders in key positions. Reflecting this trend, the SEC has also shown signs of easing certain regulatory measures related to cryptocurrencies. On February 27, the SEC filed a joint agreement to withdraw a civil enforcement lawsuit against Coinbase. However, the SEC has not yet issued an official stance on the legal dispute concerning XRP, fueling curiosity in the market. There are also rumors that the Trump administration may directly intervene to settle the SEC's lawsuit against XRP. # Future Outlook for XRP The fate of XRP hinges on the court's decision on April 16. If XRP prevails, the market could see a significant upward trend. Conversely, a loss could result in increased volatility. As the Trump administration maintains its pro-cryptocurrency stance, market attention is focused on when and how the SEC will announce its position on the XRP lawsuit.