The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has finally come to an end after four years of intense tension. Ripple's CEO, Brad Garlinghouse, announced that the company has decided to stop its cross-appeal and 'close this chapter definitively.' The newly announced information has caused the price of XRP to rise by over 3%, and the cryptocurrency community is buzzing with one big question: What will happen next to XRP?
The Legal Battle Between Ripple and the SEC Has Ended
The battle between Ripple and the SEC began in 2020, leaving many uncertainties about the future of XRP. With both sides having stopped their appeals, Ripple has agreed to pay $50 million in a settlement, a figure that is much lower than the original $125 million.
This agreement will also lift court restrictions on Ripple selling XRP to institutions, creating new business opportunities for the company.
Brad Garlinghouse affirmed: 'We will focus on what matters most – building the Internet of Value.' Now, Ripple can reshape its future with regulatory clarity.
Investors Are More Confident in XRP
Immediately after the information was announced, the price of XRP quickly rebounded. In recent days, large wallets, often referred to as 'Whales,' have increased their holdings to approximately 5.8 billion XRP.
Furthermore, XRP network activity has increased by 400% since March, indicating that people are moving, trading, and using XRP more.
Traders predict that XRP may soon test the $2.60 level. If this trend continues, a breakout above $3 may not be far off – but more momentum from new factors is needed.
Expectations for XRP ETF Approval Are High
Many are paying attention to the possibility of XRP ETF approval. Garlinghouse has suggested that approval could take place in mid-2025. Data from the Polymarket prediction market indicates about a 78% chance of this happening.
If realized, large investors may join in, which will drive the price of XRP to rise significantly.
Where Will the Future of XRP Go?
Analysts predict that XRP could increase by 100% to 200% from this level, potentially reaching between $6.99 and $10 if Ripple's ETF or IPO is executed. However, some experts are cautious, believing that the current surge may stall if no new news is announced.
Currently, the price of XRP is trading at around $2.20, with a 5.5% increase in the past 24 hours. However, the price is under pressure from strong resistance around $2.60. A clear breakout above $3 could occur if there is positive news regarding the XRP ETF.
Source: https://tintucbitcoin.com/xrp-etf-sap-ra-mat-gia-tang/
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