A lawyer expects positive developments amid hints of a 470% increase

XRP News: Ripple’s native cryptocurrency has been on a strong rise recently, with anticipation high over the pro-crypto regulatory environment in the US. This optimism has risen further with recent comments from leading lawyers and market experts, who expect more positive developments in the coming days. In addition, a prominent market analyst also hinted at a possible 470% rise in the price of cryptocurrencies in the future.

So, here we take a closer look at recent developments and analyst forecasts, which may increase the asset’s attractiveness to investors.

XRP News: Lawyer expects positive developments in the coming weeks

In the latest XRP news, legal experts and market watchers expect positive developments for the cryptocurrency in the coming weeks. Pro-XRP lawyer Bill Morgan recently shared His optimism, which is in line with the recent bullish forecast of chief market analyst Ali Martinez.

For context, Martinez recently highlighted the technical pattern of XRP price in a post by He pointed out that this is a rare and historically important reference to the original.

According to his post, the last time this indicator turned bullish, the native Ripple coin jumped by approximately 470%. Therefore, as the signal appeared again, market watchers remained bullish, while anticipating a strong rise in the price of the asset in the future.

Meanwhile, Bill Morgan added more excitement, expressing his hopes for positive results for Ripple and its native digital currencies. The lawyer praised Martinez’s latest prediction while saying, “This would be great given the positive news expected over the next few weeks regarding XRP.”

Ripple’s legal clarity is in focus

XRP price today It rose about 3% and was traded at $2.45, while its trading volume rose 14% to $4.35 billion. The value of cryptocurrencies has risen by more than 18% in the past seven days but has fallen by about 3% on a monthly basis. However, open interest for the asset’s futures contract rose by 7%, reflecting the positive sentiment swirling in the market.

Meanwhile, the rise also comes as speculation grows about what’s next in the ongoing lawsuit. Although legal experts claimed that the SEC under the leadership of Gary Gensler would file its Editorial brief on the XRP lawsuit Ahead of the January 15 deadline, market sentiment remained strong. It is worth noting that experts maintained a bullish position, especially with the growing anticipation regarding the pro-cryptocurrency regulatory environment in the United States after Trump’s inauguration.

Moreover, senior lawyers also said that the odds are high compared to the potential Settlement in the Ripple SEC case Under the agency’s incoming chairman, Paul Atkins. Having said that, it seems likely that XRP will continue its strong momentum going forward, with optimism growing regarding Ripple’s legal clarity.

Besides, adding to the excitement, the veteran trader Peter Brandt said Ripple’s native cryptocurrency could reach a market value of $500 billion. But he pointed out that to achieve this, the formation of the “half-mast flags” must be completed within six weeks.