Ripple is about to win the legal battle that shapes the future of XRP.

The lengthy legal battle between Ripple and the Securities and Exchange Commission of the United States (SEC) is nearing a decisive conclusion. The upcoming court ruling will significantly impact the future of altcoin. Both sides have signaled a potential resolution by suspending the appeal processes on June 16. Although the ban on Ripple has been lifted, the penalty may have been reduced to $50 million. An important date for this case is August 15, when Judge Analisa Torres is expected to announce the final ruling. If XRP is not classified as a security, institutional investors outside the market may seize the opportunity to participate. The path of XRP to institutional acceptance and ETF With the potential legal uncertainties being resolved, XRP could be accepted more quickly within organizations. Increasing optimism surrounds the applications for the XRP Exchange-Traded Fund (ETF), with this process currently open for public comment. On the cryptocurrency prediction platform Polymarket, the probability of approval for the XRP spot ETF is 91%. Top Bloomberg analysts, James Seyffart and Eric Balchunas, estimate this likelihood to be 95%. The positive developments in the Ripple-SEC lawsuit and the increasing demand from institutions reinforce the prospects for the approval of spot XRP ETFs. Such approval is expected to bring significant institutional capital to altcoin. Expectations gradually increase through historical price patterns Analysts have identified notable historical patterns in the price volatility of XRP. Analyst EGRAG Crypto suggests that XRP has the potential to repeat a previous pattern that triggered significant increases. XRP tested the $3.40 level in January, dropped to $1.61 in April, and is currently evaluating an important area.

Based on past performance in 2017-2018 and 2020-2021, analysts have set target levels of $11.50, $27, and even $42, depending on the strength of the upcoming bull run. The historical trend of strong performance in July for the XRP coin is emphasized. Currently trading at around $2.02, XRP could trigger another strong leap if this pattern holds into July. Analyst Dark Defender notes that this altcoin continues to maintain its position above the support level of $1.88, sustaining the "5th Wave" pattern of the bullish trend.