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Ripple case: Pro-XRP lawyer tips outright SEC victory at ‘less than 3%’

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Attorney John Deaton says there’s a 25% chance Ripple will see an outright win against the Securities and Exchange Commission, while rumors fly of a possible Ripple IPO.

Pro-XRP lawyer John Deaton has tipped less than a 3% chance for the United States Securities and Exchange Commission to score an outright win against Ripple, as an end to the long-running lawsuit draws closer.

The CryptoLaw founder has been a vocal advocate for Ripple against the SEC, which filed a lawsuit against the company in December 2020, alleging that the sale of its XRP token represented an unregistered securities offering.

In a June 3 episode of The Good Morning Crypto podcast, Deaton said he tipped a 25% chance that presiding U.S. District Judge Torres rules in outright favor of Ripple, and a 50% chance that Ripple claims victory by way of a “splitting the baby” ruling.

This refers to Judge Torress “drawing a line in the sand,” where she could potentially rule that XRP was offered as an unregistered security before 2018. However, in the wake of the Hinman documents — which refer to internal SEC messages related to a 2018 speech given by former SEC Director William Hinman — it’s possible that cryptocurrencies can transition from securities to commodities once they become sufficiently decentralized.

“I think that XRP itself is going to be deemed not a security and that I think that secondary market sales show comment. Even if [Judge Torres] does rule finding that Ripple violated the law, that doesn’t apply to secondary market sales,” Deaton explained.

While Ripple executives including its CEO Brad Garlinghouse have long been predicting an imminent end to the rollercoaster lawsuit from SEC, Deaton highlighted that Judge Torres will most likely come to a final decision before Sept. 30 this year.

Deaton brought attention to what he called a “six-month list” that district judges must file to Congress. The list details all of the summary judgements that have been pending for longer than six months. It gets published on the last day of March and the last day of September.

“She [Judge Torres] has never been on this list. It’s like a public shame list that says ‘look I’m shitty at my job.'”

Additionally, Deaton also gave his predictions for the price of Ripple’s native XRP token following a positive ruling.

“I certainly believe that somewhere believe $2 and $10 is reasonable”

Deaton said that the Ripple community should also keep a close eye on June 13, where investors will discover if XRP was actually discussed “between SEC staff prior to the Hinman speech.” This date is when the Hinman materials will most likely be unsealed and could have a drastic impact on the case.

There are also rumors circulating that Ripple may potentially IPO as a public company following the conclusion of the lawsuit. According to a June 2 tweet from Fox Business journalist Eleanor Terrett, Ripple hosted a “road show” where it met with underwriters and other investors to garner interest in a potential public offering.

Cryptocurrency

Analysts Post Thrilling Bitcoin Price Predictions for 2025: Where’s the Top?

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The little orange cryptocurrency was one of several digital assets in this segment that walloped 2024 gains from investing in US stocks like those in the S&P 500 Index or Nasdaq Composite.

Others, like Ripple’s XRP tokens for international settlements between large institutions, performed even better than Bitcoin. XRP was up 247% by Christmas Day in December. It notched 271% for the entire year on Wednesday.

But here’s how some leading crypto market analysts expect Bitcoin’s price to carry through some point over the 2025 calendar year.

For a basis of reference, Bitcoin traded at an average crypto exchange rate of $94,700 Wednesday evening US Eastern Time, according to data from CoinGecko.

Bitcoin Price Predictions: $80,000 – $160,000

Peter Brandt: $78,000

Brandt made a prediction on Sunday, Dec. 29, targeting a big drop in Bitcoin’s price to the $78,000 level, based on a 45-day head and shoulders top pattern.

If he’s right, BTC will have to take one step back before it advances toward the more bullish price targets for 2025. But Brandt also cautioned in the comment thread on his post, “Charts do NOT predict anything. Charts merely suggest possibilities.”

The famous stock chart technical analyst is bullish for XRP in 2025, but his outlook for Bitcoin’s price is bearish.

CoinShares: $80,000

European crypto hedge fund CoinShares’ head of research, James Butterfill, recently told CNBC that $150,000 BTC is possible in 2025. But he said a bearish correction to $80,000 is also on the cards.

“Disappointment surrounding Trump’s proposed crypto policies and doubts about their enactment could prompt a significant market correction,” Butterfill warned.

Bullish 2025 BTC Targets: $160,000 – $250,000

Standard Chartered: $200,000

British multinational bank Standard Chartered’s research head Geoff Kendrick says his office is targeting $200,000 BTC in 2025. He added that the entry of the United States government into the Bitcoin race is likely to fuel that rally.

“Even a small allocation of the USD 40tn in US retirement funds would significantly boost BTC prices,” Kendrick noted.

“We would turn even more bullish if BTC saw more rapid uptake by US retirement funds, global sovereign wealth funds (SWFs), or a potential US strategic reserve fund.”

Nexo: $250,000

Swiss-based crypto fund manager Nexo’s chief product officer, Elitsa Taskova, told CNBC, “We see Bitcoin more than doubling to $250,000 within a year.”

She points to ongoing trends in adoption by institutional finance and social indicators for the bullish outlook in 2025.

“These projections align with ongoing trends and social markers: increasing recognition of Bitcoin as a reserve asset, more Bitcoin and crypto-related exchange-traded products (ETPs), and stronger adoption,” Taskova said.

Bottom Line for Investors

Like stocks, cryptocurrency assets are held at risk. But for more than a decade, Bitcoin has delivered world-class returns during bull markets. That means it’s possible for a small allocation to BTC can substantially speed individual investment portfolios toward reaching personal finance goals.

Nevertheless, investors should do their own research before allocating funds into any asset, no matter its returns over the past year or two.

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Cryptocurrency

From $2 to $11: Popular Analyst Maps Out Ripple’s (XRP) Next Big Move

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TL:DR;

  • XRP rebounded from its most recent price slip below $2, but the asset might not be out of the woods yet.
  • However, a popular crypto analyst suggested that a potential decline toward that level again could be beneficial for XRP’s long-term price movements.
XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

Ripple’s cross-border token went on a massive run after the US elections, skyrocketing by triple digits at one point and peaking close to $3. All of these gains came in the span of a few weeks, but the asset lost momentum at the start of December.

It tumbled hard on several occasions in the following weeks, with the latest decline to under $2 transpiring last Monday – December 30. This came during the most recent market-wide correction.

However, the popular crypto asset reacted well to this decline and shot up by over 20% since then, currently sitting at around $2.45. Consequently, XRP has regained its spot as the third-largest cryptocurrency by market cap by surpassing Tether’s USDT.

According to analyst Ali Martinez, XRP still stands below a steep resistance level of $2.73, which has stopped its price ascent on a couple of occasions during this rally. If the asset fails to overcome it soon, it could slump back to $2.05.

However, Martinez actually believes that such a scenario could be a blessing in disguise for XRP, which could catapult it toward a fresh all-time high above $3.4 (CoinGecko data) and all the way up to $11.

It’s safe to say that $11 sounds quite extraordinary for XRP. Such a price tag would put the asset’s market cap at well over $600 billion, which would help it top Ethereum in that regard. Although this might sound plausible under a friendlier Trump administration, it’s still a long way away and falls under the category of exaggerated price predictions.

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2 Strong Indicators US Investors Are Flocking Back to Bitcoin

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The landscape around bitcoin after the last FOMC meeting for 2024 in the US turned upside down, with local investors pulling funds out of the ETFs and the Coinbase Premium Index declining to yearly lows.

However, on-chain data shows that US investors are back on the BTC front, with massive accumulations.

ETFs Demand Returns

During the aforementioned meeting at the highest levels in the US central bank, Fed Chair Jerome Powell warned that there might be fewer or even no rate cuts in 2025 due to rising inflation. US investors reacted immediately and started pulling funds out of riskier assets like BTC and crypto.

Within the next four trading days, they withdrew more than $1.5 billion out of the US-based Bitcoin exchange-traded funds. December 26 was the only day well in the green, as December 27, 30, and January 2 saw more net outflows. Even BlackRock’s IBIT, the world’s largest Bitcoin ETF, was posting negative records.

However, this changed on Friday, January 3. The total net inflows for the day shot up to $908.1 million, according to FarSide data. IBIT was actually second with $253.1 million, trailing behind Fidelity’s FBTC with $357 million. Ark Invest’s ARKB also had a strong presence, attracting $222.6 million. This became the best day in terms of net inflows since November 21.

Coinbase Premium Index

The other metric that showcases US investors’ overall behavior toward bitcoin and crypto is the Coinbase Premium Index, which measures the BTC price difference between Coinbase and Binance. When it shoots up into positive territory, this means that US-based investors are accumulating heavily, and vice versa.

The metric recently plunged to a yearly low, as reported, which coincided with the growing ETF outflows after the FOMC meeting. Now, though, CryptoQuant data shows that it has returned to neutral territory almost immediately after posting that low. This shows that “sentiment by the US and institutional investors is back.”

Bitcoin Coinbase Premium Index. Source: CryptoQuant
Bitcoin Coinbase Premium Index. Source: CryptoQuant
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