The U.S. Securities and Exchange Commission’s (SEC) recent decision to discontinue its appeal in the Ripple lawsuit has heightened optimism within the cryptocurrency market. Many believe this clarity around Ripple’s legal status will bolster XRP’s price as institutional investors regain confidence in entering the market.

Analysts speculate that post-SEC ruling could lead XRP to an astonishing rally of up to 12000%. This potential upswing could reshape the dynamics in the cryptocurrency marketplace, making XRP a significant player moving forward.