Hey guys! I want to share news that can change everything in the world of cryptocurrencies — especially if you follow Ripple and the XRP token.
In short, Ripple has finally almost put an end to its protracted conflict with the SEC - this is the same US Securities and Exchange Commission that has been pursuing the company since 2020 for allegedly illegally selling XRP tokens as securities. Then it caused a lot of pressure on the price of the token and introduced uncertainty into its future. But today the situation has changed dramatically.
Ripple and the SEC have filed a joint petition with the court to approve a partial settlement agreement. According to it, Ripple agrees to pay only $ 50 million out of the previously proposed $ 125 million. The remaining 75 million are returned to them! This effectively ends one of the most high-profile crypto disputes in recent years and removes all bans on Ripple's activities in the United States.
But that's not all. The company is now supported by more lenient regulatory conditions related to policy changes. Ripple has already taken major steps: it bought the broker Hidden Road for $ 1.2 billion, negotiated the purchase of Circle (the very ones who issue USDC), and now it seems ready for a new wave of expansion.
Bonus: there is a chance of an XRP—based ETF - that is, a fund that trades on an exchange and is directly linked to this token. Bloomberg analysts believe that the probability of his approval is now 85%, whereas before it was only 65%. In the Polymarket market, the chances are estimated at 77%. This can seriously increase the liquidity and demand for XRP.
Unsurprisingly, XRP has already started to grow: it has risen by 10% per day, breaking through the $2.3 mark. If the deal with the SEC is approved by the court, many analysts expect further growth — perhaps even up to $ 7-20 in the future. This is, of course, provided that the overall economic situation remains stable.
That's how Ripple, despite the severity of the judicial red tape, comes out of it not only alive, but also with real potential for a powerful leap forward.
Do you think XRP can re-enter the top in terms of capitalization and become a major player in the market?
