XRP investors are excited to increase potential prices. Cheeky Crypto, YouTube channel, which includes 182,000 subscribers, explained, the reason for the presence of XRP is about to make a big step. The ongoing legal battle between Ripple and SEC is the main factor, and many believe that the settlement will lead to the transmission of the XRP price. But we do not know whether this will actually happen or whether it was more speculation.
Ripple was imprisoned in a legal battle with SEC for more than four years. The agency accused the company of selling XRP as an unregistered guarantee, and placing a large cloud on the distinctive symbol. But now, things can change.
SEC has already dropped cases against other large encryption companies such as Coinbase, and some believe that Ripple can get the same treatment. Crypto Elena Terret journalist recently revealed that Ripple had talks with SEC to lift a permanent judicial order that prevents her from selling XRP to institutional investors. If this restriction is removed, some analysts predict a significant increase in prices.
Also read: Cardano Prices (ADA) for today (March 18)
Can XRP rise as he did before?
XRP reaction was strongly to legal victories in the past. In July 2023, when the judge spent that XRP was not safe, the price jumped by 101 %, from $ 0.47 to approximately $ 0.95 before cooling. If the market responds in the same way to settle, some analysts say that the price of XRP may reach $ 4.48.
Others are more difficult. The price of XRP may rise to $ 5.58 with an increase of 150 %, or up to $ 6.69 if 200 % jump. But some people doubt this will happen. They believe that the market was waiting for this news for a long time even when it finally came, it will not make the prices jump as expected.
Will the market interact with a way that investors hope?
A good settlement for Ripple does not automatically mean that XRP prices will escalate. The encryption market depends on many things – the global economy, how investors feel and the rules provided in various countries. Some experts say that although the settlement will help in Ripple as a company, it may not lead to great gains for XRP itself.
Investor psychology also plays a big role. If traders believe this wipes the way for XRP growth, they may jump and pay prices up. But if they feel that this news has already been priced, the reaction may be easier.
What is the following for XRP?
The Ripple issue is one of the largest legal battles in the history of encryption, and how it can end can change the industry for a long time. If SEC declines, investors may feel more confident, and large institutions may put more money in XRP.
But nothing is certain now. Investors should continue to watch, stay on a permanent knowledge, and prepare for anything. The next few months It can be decisive for the future of XRPWhether it is about to take off or swing up and down as usual.
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Get all our future calls by joining A free telegram group.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
