**Will XRP Reach $1 By Year End? Analyst Projects Fluctuating Prices**
According to a top analyst from cryptocurrency exchange Bitget, XRP prices may vary between $0.50 and $0.80 for the remainder of 2024 due to uncertain regulatory developments and ongoing litigation involving Ripple and the US Securities & Exchange Commission (SEC). As per the prediction, investors are becoming increasingly risk-averse as they anxiously await resolution on this front.
The most recent action taken by the SEC adds complexity to an already complicated situation – appealing its case against Ripple does not dispute that XRP should be classified as a non-security; however, it pushes for scrutiny over specific transactions conducted through various exchanges along with individual transactions carried out by Ripple executives Christopher Larsen and Bradley Garlinghouse themselves. Consequently, this ambiguous climate might intensify fluctuations across markets regarding possible legal conclusions.
This legal limbo could potentially keep XRP’s worth oscillating wildly within a broad percentage range exceeding fifty percent because any potential legal result would dramatically affect investor sentiment negatively or positively depending on their stance towards these disputes. Furthermore, according to sources close to Cointelegraph who quoted Stuart Alderoty—Ripples Chief Legal Officer—the preliminary stages of pleading shouldn’t conclude before July 2025 indicating prolonged influence from regulators in determining XRP trends moving forward too far away than anticipated earlier.
One factor influencing these shifts is whether there will indeed emerge an XRP ETF someday soon considering statements by Timothy Mccourt — Senior Managing Director at Chicago Mercantile Exchange group suggesting some strides were made recently towards creating such financial instrument backed up with references rates and live indices currently established yet building blocks necessary for full deployment have yet been laid down respectively though no official product details exist presently available beyond conceptual phases only reported so far making predictions impossible without concrete information given how drastically different things can turn under changing circumstances once all required elements fall into place eventually allowing public accessibility post regulations clearance granted officially authorizing operations openly transparent enough satisfying both market demands sufficiently ensuring compliance checks met successfully completing entire procedure systematically 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