A pivotal week is ahead for XRP holders as the U.S. Securities and Exchange Commission (SEC) prepares for a crucial vote. On March 27, the agency’s commissioners are expected to vote on formally closing the long-running lawsuit against Ripple. If the vote goes as anticipated, it could trigger a powerful rally in XRP — possibly pushing the price above $5 for the first time in years.
SEC Vote Could Mark a New Era for XRP
Ripple CEO Brad Garlinghouse recently stated that the SEC is unlikely to pursue further appeals, sparking cautious optimism. However, an official confirmation has yet to be made. The market remains volatile, but analysts are keeping a close eye on the upcoming developments.
Crypto analyst Zach Realtor believes March 27 could be a turning point. Not only will the SEC vote to potentially end the Ripple case, but the U.S. Senate Banking Committee is scheduled to hold its first hearing for SEC Chair nominee Paul Atkins — a figure known for his crypto-friendly stance. If confirmed, Atkins could shift the regulatory tone, creating a more favorable environment for Ripple and the broader altcoin market.
Ripple’s IPO Back on the Table
While the lawsuit’s resolution is crucial for XRP price action, it also has broader implications for Ripple as a company. An initial public offering (IPO) has been long discussed, and the legal clarity may finally open that door.
In a recent interview with Bloomberg, Garlinghouse acknowledged that an IPO is now “on the table,” although not an immediate priority. Ripple is currently focused on strategic growth through acquisitions — a move that could further boost its valuation, with or without a public listing.
These strategic moves, combined with regulatory clarity, paint a bullish picture for XRP in the short term.
Is $5 Within Reach?
XRP is currently trading around $2.44, but technical analysts suggest the price may soon climb significantly. According to analyst Crypto Patel, once XRP clears key resistance levels — particularly the $3.40 zone — a rally toward $5 becomes increasingly likely.
Supporting this outlook, Coinglass data shows XRP’s open interest hovering near $4 billion. This signals strong investor confidence, with many opting to hold their positions rather than sell, suggesting that sentiment remains strongly bullish.
The Bit Journal emphasizes that while investor excitement is justified, it’s essential to monitor official developments closely. If the SEC vote delivers legal closure, and if Ripple proceeds toward an IPO, XRP may be poised for one of its most dramatic price moves in years.
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