XRP Price Prediction: Ripple Considered Closing Down Completely, as the Company CEO Discloses

Garlinghouse admitted that giving up on the business was the “easy way out.” He stated that it was easier with no company, no lawsuits, and no years of expensive legal battles. However, he noted that in the end, it was the hundreds of Ripple employees who would lose their jobs if the company had closed. Instead of shutting down, Ripple decided to take the legal battle to the SEC. The U.S. Securities and Exchange Commission (SEC) had filed a suit against Ripple Labs on December 22, 2020, and accused the company of unregistered sales of XRP. The company ended up spending an estimated $150 million on legal fees over four years.

However, it all paid off for Ripple in July 2023 when Judge Analisa Torres ruled that XRP is not a security. While some institutional transactions violated securities laws, the court did not classify XRP as a security.

It’s still surprising how quiet the price action of XRP has been in spite of all the events. The price of the cryptocurrency has been moving sideways within a very narrow range of $0.10, fluctuating between $1.07 and $1.17. The benefit of this sideways movement is that the lower boundary acts as support, while the upper boundary serves as resistance.

It looks like traders are waiting for some form of confirmation before choosing which way to move. A daily close above $1.17 on increased volume will create opportunities for $1.25, whereas a fall below $1.07 will bring the psychological level of $1.00 back into play. Up until now, Garlinghouse’s announcement hasn’t served as the trigger either group was hoping for.

This near-shutdown event is strong evidence of how regulatory clarity can change the pricing of XRP. In March 2026, the SEC and CFTC made a joint determination that XRP is a digital commodity; therefore, a spot XRP ETF was created. Within sixty days after the launch, those funds collected more than $1.5 billion. This was one of the quickest launches of any crypto ETF.

Since then, there have been mixed signals regarding institutional interest in XRP. Goldman Sachs has created an ETF, which has collected approximately $154 million in a quarter. Other firms, including UBS and Bank of America, have taken smaller positions.

The future success of XRP will depend on the CLARITY Act, a market structure bill that is making its way through Congress. Only if the CLARITY Act passes the Senate, first-year inflows of a successful spot XRP ETF can be anywhere from $4 billion to $8.4 billion, according to the JPMorgan analysts. The bill has already missed its original deadline of July 4 due to disagreement regarding the ethics provision. Now it’s pushing it into late July or early August.

Garlinghouse’s statements have also sparked discussion regarding a possible Ripple IPO (Initial Public Offering). Ripple’s current private valuation has risen to around $50 billion after buying back shares recently. This made the company one of the most-watched pre-IPO firms within the crypto industry. However, Garlinghouse and president of Ripple, Monica Long, continue to insist that an IPO is not expected soon due to poor post-IPO results of other crypto firms.

The difference is important for XRP token owners since Ripple’s equity and the XRP token are two different entities according to law. In case there is a future IPO, the profits will mostly be enjoyed by Ripple’s stockholders.

Garlinghouse’s statement is strong evidence of the fragility of XRP’s previous position. A different outcome in the SEC suit would have changed the future of the cryptocurrency for years or it could have just ended the company. But today, XRP operates in a regulated space with ETFs and a growing list of partnerships.

Now, the support level of $1.07 and the resistance level of $1.17 should be monitored carefully. Moreover, the further progression of the CLARITY Act in the US Congress is becoming more significant for the future growth of XRP than the already concluded lawsuit.