Ripple‘s utterly bonkers lawsuit with the US SEC continues its improbable journey through the courts, leading some XRP enthusiasts to declare that “judgment day” is nigh. One can only assume they’ve been hitting the Pan Galactic Gargle Blasters a bit too hard. Last year, XRP briefly soared past the dizzying height of $2, only to faceplant back down. It’s enough to make a Vogon blush.
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For much of 2024, it stubbornly clung to the vicinity of $0.50, a level many traders considered a rather uninspired barrier. Now, with the legal shenanigans ratcheting up, both the believers and the skeptics are preparing for whatever cosmic absurdity comes next.
Legal Battle Takes An Absurd Detour
According to the highly classified (not really) court records, Judge Analisa Torres, in a moment of judicial whimsy, blocked a joint settlement on May 15, 2025. Ripple, in its infinite wisdom, hoped to cough up a measly $50 million fine and get rid of a permanent injunction. Instead, the judge, channeling her inner bureaucrat, declared that the motion cited the wrong procedural rule—Rule 62.1 instead of Rule 60. Because, you know, rules are rules, even when the universe is trying to have a bit of fun.
Ripple and the SEC must now refile under the correct rule. This won’t exactly rewrite the laws of physics, but it does mean more paperwork and a delay that could stretch on for months. Because nothing says “justice” like endless paperwork.
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Very soon, nothing will be holding XRP back.
No lawsuit. No distractions.
At that point, it all comes down to the utility we’ve been talking about for years.
Judgment day is coming—and we’ll see if we were right.
Will we see explosive growth?
Or a slow and steady climb?…
— All Things XRP (@XRP_investing) May 15, 2025
Community Pushes ‘Judgment Day’ Narrative (Because Why Not?)
Based on the whispers emanating from XRP forums and social media, a significant number of holders are convinced that “price suppression” has been keeping the token down. They point to its extended stay around $0.50 and insist that nefarious outside forces are preventing it from achieving its true, glorious potential. Clearly, it’s all a conspiracy.
When XRP briefly surged above $2, talk of suppression faded faster than a cup of tea in a black hole—until, naturally, it plummeted back down. Now, the critics are warning that the believers are setting themselves up for a spectacular disappointment, while the optimists insist that judgment day will reveal the truth and pave the way for a colossal rally. It’s all terribly exciting, in a “watching paint dry” sort of way.
Utility Claims Face Fierce Competition (And Possibly Some Mild Annoyance)
Commentators often wax lyrical about XRP’s role in cross-border payments through RippleNet, predicting it could grab a slice of a tokenization market projected to balloon to over $18 trillion by 2033. But, alas, rivals are gearing up for a good old-fashioned showdown.
SWIFT is rolling out faster transaction corridors, and platforms like Ethereum, Solana, and Algorand are also eyeing those tokenized assets. So far, the real-world XRP volume remains rather modest compared to its total supply, and widespread adoption is still just a twinkle in the eye of the future. It’s all a bit like trying to herd cats, really.
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Bold Price Targets Draw Doubt (And Maybe A Few Scowls)
Some analysts are casually throwing around price targets of $50, $100, or even $1,000 for XRP once the legal storm clears. To reach $100, the market cap would need to expand more than 40 times from its current levels. That’s a lot of expansion.
A $1,000 price tag would require an even more colossal influx of new money. Few market watchers see that happening without a major institutional push or a breakthrough in cross-border payment adoption. It’s a bit like hoping for a unicorn to deliver your pizza.
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Final Ruling Could Set The Stage (Or Just Add Another Act to the Absurd Play)
Ripple and the SEC both claim they want this case wrapped up pronto. Yet, appeals courts move at their own leisurely pace. Even the most optimistic projections point to a final decision in late 2025 or early 2026. So, buckle up for more legal twists and turns.
When “judgment day” finally arrives, it could either validate those wildly optimistic forecasts or underscore just how difficult it is for XRP to shake off the legal baggage. Either way, it’s bound to be entertaining, in a “watching a car crash in slow motion” kind of way.
Until then, traders will probably be glued to every court update, paying even closer attention than they do to utility metrics. For now, it’s still a waiting game—one that could reshape XRP’s next grand adventure. Just don’t expect any Vogons to be involved. Probably.
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2025-05-17 14:48