How can the story with Ripple and the SEC end? There are many different speculations and guesses in the crypto community.
Some believe that Ripple will win. After all, they as already won a case against the R3. (R3 is a blockchain consortium that includes more than 70 retail and investment banks, including Barclays, HSBC, and UBS.) So, Ripple has strong legal support, which increases its chances to get a victory against the SEC.
Others hint at the SEC's victory. After all, there have already been similar cases of such claims from the regulator to other companies.
For example, the SEC has already celebrated a victory against startups Block.one and Kik. Then they proved that the original coin offerings were in fact securities. But this is a slightly different case. Kik and Block.one held their ICOs following the SEC directive in 2017. XRP has been around long before this directive.
But even if the SEC wins the case, XRP has no chance to "die". Ripple is one of the main coins with a huge trading volume and a large community. Also, Ripple is a coin with a lot of capital invested by bankers. Bankers will be able to solve the problem of sanctions.
There is also a neutral option that leads to changing of Ripple's business model. Examples of SEC cases exist. For example, the Gram token. Then investors' money was demanded to be returned. However, the project was not closed forcibly, and top managers did not face criminal liability. Ripple case can make the same companies avoid the US legal system.