The crypto community got a major surprise two years ago when a leading provider of crypto solutions for businesses was slapped with a lawsuit by the U.S. Securities and Exchange Commission.

Ripple was taken to court by the SEC, which sparked what has become the most closely watched legal showdown in the cryptocurrency industry.

The SEC’s lawsuit accusing Ripple of breaking securities laws has devolved into a lengthy legal dispute, with the future of cryptocurrency regulation potentially at risk.

The case, which was filed in December 2020, revolves around the Commission’s claim that Ripple refused to register approximately $1.4 billion worth of XRP, its native coin, as securities.

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Image: MetaCrunch

Crypto Community Remains Upbeat About XRP

Despite the current Ripple legal dispute and unfavorable market conditions, the XRP community continues to be optimistic about the XRP price as this development unfolds.

Six months following the filing of the SEC’s litigation against Ripple and its executives, the price of XRP plummeted from $0.7 to $0.2.  As the case progressed, though, the value of Ripple rose along with it.

Monday’s Coingecko stats show that XRP is trading at $0.327, a 1.5 percent increase over the previous week. The 24-hour trading volume for XRP is $1,116,622,856.

Can XRP Hit $35,000? Or, $50K Even?

Notable crypto industry figures, such as Valhil Capital CEO Jimmy Vallee, estimate that the price of XRP might hit $35,000. Others are of the opinion that the…

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