Ripple and the Securities and Exchange Commission (SEC) are expected to engage in further negotiations in the second quarter of 2024, following the Bitcoin halving. This development could have implications for the price of XRP. Although the judge has granted Ripple Labs a partial victory, the legal battle is far from over and a resolution is not expected until 2024. The hearing may possibly be postponed until June 2024 if certain dates are not met. There is a concern that if the SEC unexpectedly wins the case, the price of XRP could crash. Currently, XRP is trading at $0.5225, with a slight increase of 0.32% in the past 24 hours.
AI Sentiment: Neutral