XRP holders eagerly await the SEC vs. Ripple verdict while Chair Gensler discusses regulatory court battles.

The Ripple lawsuit judgment looms post FIT21, the new US crypto bill.

During the ICI 2024 Leadership Summit, SEC Chair Gary Gensler lauded the agency's courtroom successes.

This week saw XRP surge by 3%, surpassing $0.53 by Friday.

Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty have criticized Chair Gensler's "regulation by enforcement" approach.

Chair Gensler addressed the SEC's legal track record at the summit.

XRP climbed beyond $0.53 on Friday, marking a 5% increase on Binance for the week.

As XRP investors await the SEC vs. Ripple outcome, Chair Gensler discusses the agency's legal strategies.

Gensler emphasized the SEC's wins in crypto cases during the summit.

However, the SEC vs. Ripple case may not neatly fit this narrative.

In the lawsuit, the SEC alleges that Ripple marketed unregistered securities (XRP) to institutional clients, seeking $2 billion in penalties.

Ripple's counterproposal suggests a $10 million fine and readiness for a potential ban on US institutional XRP sales.

Gensler's stance presents a political challenge for the Biden administration, evidenced by the bipartisan support for FIT21.

XRP's upward trajectory is supported by indicators like the Moving Average Convergence Divergence (MACD) and an RSI of 52.93, confirming its rebound.

Should the rally continue, Ripple could climb nearly 7% to $0.5703, its recent highs on May 6 and April 22.

However, resistance has persisted at this level since April 13.

XRP might test liquidity near its May 23 low of $0.5027, with $0.50 serving as a crucial psychological support.

The XRP price prediction hinges on the SEC vs. Ripple lawsuit. While short-term technical indicators suggest a possible climb, the long-term outlook depends on the legal battle and potential regulatory changes.

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