**Summary:**
– The SEC’s actions against Ripple have historically impacted XRP’s price significantly.
– The recent crash might present an opportunity for XRP, akin to past four-digit price increases.
**Can XRP Surge by 4 Digits?**
The lawsuit from the US Securities and Exchange Commission has negatively affected Ripple’s token, with XRP dropping 15% from above $0.6 to around $0.51. This decline followed the SEC’s decision to appeal a court ruling on XRP sales. Despite current challenges, historical trends suggest this could be the beginning of a strong rally. Previously, following the SEC’s initial lawsuit in December 2020, XRP’s price quickly rebounded and surged from $0.17 to nearly $2 in just four months—a potential 1,100% increase from its current price could see it rise to over $6.
> For anyone in the #XRPCommunity feeling distressed by the SEC’s decision to appeal the ruling. #XRP bottomed just 8 days after the suit was first announced. It then went on to rally nearly 1100% from 17¢ to $1.98 in the following 4 months. That was with no backing from any court pic.twitter.com/E7BBcQHr69 — Crypto Karlos
**Will XRP ETFs Have an Impact?**
Just before the SEC’s appeal news, Bitwise announced plans to launch an ETF tracking XRP’s performance. Analysts view this development as positive for XRP, suggesting it could be the next ETF approved after BTC and ETH. While approval by the SEC remains uncertain, such a decision could significantly boost XRP’s market performance.
> Yes, I’m aware of the SEC appeal on the @Ripple case, but at the same time in the last 12 hours (seemingly unbeknownst to a lot of crypto twitter) @BitwiseInvest just filed for an $XRP ETF. XRP will be the next approved ETF after $BTC and $ETH imo. As far as narratives go, I… https://t.co/CBwx6IT9nc — CrediBULL Crypto
