according to the materials from the site - By Times Tabloid
The television discussion in the German financial news program attracted the attention of the XRP community after extensive debates about XRP, based on short-term and long-term price targets.
The video was published by crypto enthusiast Xaif (@Xaif_Crypto), who outlined a rather optimistic forecast for the digital asset following the final decision in the protracted legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).
The SEC and Ripple withdrew their appeals in the Second Circuit Court of Appeals. This closes a case that has lasted over five years. This step halts further legal disputes between the regulator and the company, eliminating significant pressure on the cryptocurrency. Analysts noted that amidst the dispute, Ripple entered into over 1,700 non-disclosure agreements with companies and governments worldwide. Many of these organizations may now be more willing to publicly announce partnerships or trials related to Ripple technologies or XRP Ledger (XRPL), potentially leading to a stream of new business updates.
One of the most important consequences of the settlement is the removal of regulatory hurdles for a potential XRP spot exchange-traded fund (ETF) in the U.S. According to discussions, the SEC could not approve such a product while it was still in litigation against Ripple.
With the case closed, analysts see clearer prospects for potential ETF applications from major companies like BlackRock, noting that confirmation could significantly impact the market, especially if institutional accumulation of XRP occurs before any public announcement.
Analysts set short-term targets in the range of $7 to $8, potentially reaching $13 with strong momentum. In the long term, the price could reach between $50 and $100, depending on the pace of growth in popularity and utility. They noted that XRP often follows the overall trends in the cryptocurrency world, with the increase in the prices of Bitcoin and Ethereum likely to enhance investor interest in this asset.
They referred to the recent 300% increase in XRP over three weeks, indicating the possibility of similar surges, as well as the legal clarity that now provides a stronger foundation for decisive future price movements.
The discussion concluded with the assertion that the long-term potential of XRP is based on its functional advantages, rather than just speculative trading. The agreement now emphasizes real adoption, involvement of institutional structures, and Ripple's ability to transform its extensive network of agreements into active public partnerships.
This change will determine whether XRP can achieve higher set goals and potentially compete with leading cryptocurrencies in terms of global utility.
#MarketRebound , #Сryptomarketnews
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