Predictions for the XRP price ahead of the anniversary of the SEC vs. Ripple lawsuit

<p>Prior to the one-year anniversary of the SEC case against Ripple, the XRP price has been relatively stable. The coin is currently trading at $0.85, where it has been for several days. This price is approximately 30% higher than the December low. The company's market capitalisation has increased to approximately $41 billion.</p> <p>The anniversary of the SEC vs. Ripple</p> <p>In a US court, the Securities and Exchange Commission (SEC) filed a significant case against Ripple Labs and two of its executives. It filed this case on December 22, 2020, which means that the case's one-year anniversary is rapidly approaching.</p> <p>The SEC case resulted in a precipitous decline in the price of XRP and the coin's delisting from major exchanges such as Coinbase and Kraken. Additionally, Ripple Labs lost MoneyGram as a partner.</p> <p>The Securities and Exchange Commission charged the company and its executives with raising $1.3 billion in 2013 through an unregistered digital asset offering. According to the lawsuit:</p> <p>"Issuers seeking the benefits of a public offering, such as access to retail investors, broad distribution, and a secondary trading market, must comply with federal securities laws requiring registration of offerings, unless an exemption applies."</p> <p>In 2021, the lawsuit proceeded successfully as the two sides argued their respective cases. Ripple Labs and its executives argued that XRP, like BTC and ETH, was a cryptocurrency. As such, they were not required to register the offering with the Securities and Exchange Commission. Analysts now anticipate that the judge will issue his decision in 2022.</p> <p>Despite the lawsuit, Ripple had a successful year in 2021. The price of XRP has increased by more than 96 percent since the case was filed. Additionally, it has increased by more than 400 percent from its December low.</p> <p>Additionally, Ripple Labs has inked several deals this year. For instance, it acquired a significant stake in Tranglo. Additionally, it established relationships with