The price of XRP has an early advantage when it failed to retain the support level of $ 2.6 despite the positive update of the US Securities and Stock Exchange Committee (SEC). It is worth noting that the pro -Crypto -led position led by Mark Uyeda has ignited the possibility of XRP uniquely. According to the current direction, investors wonder whether the currency can reach a 300 -term targeted price if the American SEC drops XRP.
Is a lawsuit against SEC that suppresses the price of XRP?
In a modern update, Coinbase revealed that SEC employees agreed to drop the lawsuit, pending Possible approval by agency commissioners next week. With a large margin, Coinbase is the second SEC suit after Ripple Labs.
Although similar, the rippral suit has advanced much more, with the end approaching as expected. Gary Ginsner filed the lawsuit, claiming that XRP is safety when selling to the public, which greatly affects the price.
Like Coinbase, there is speculation that the American SEC will refuse to appeal a lawsuit. If this happens, it is expected that the price of XRP will rise dramatically.
Is the price of XRP to $ 300?
Recently, analysts have made huge expectations for XRP. As mentioned earlier by Coingape, the XRP CAPTAIN market expected that the price of XRP can Ruling to $ 250 Between now and 2026.
While analysts justify this projection based on the current trend within the Ripple ecosystem, the economy offers a different image. With the presence of XRP more than 57.89 billion supplies to operate each Coinmarketcap dataThe target of $ 300 will give it a rating of 17.367 trillion dollars for the coin.
This box is much larger than the encryption industry, which is worth only $ 3.17 trillion, with bitcoin control. However, this does not reduce the possibility of a huge crowd if the lawsuit ends.
XRP ETF feature
Meanwhile, Ripple continued to expand at a unique pace. More than four asset managers seek to agree to provide XRP ETF products to institutional investors. Canary Capital, BitWise and Coinshares are some companies that pay for this new product.
with 65 % approval possibilitiesSociety is somewhat prices in this product already. With the possibility of a new capital flow, the expectation is that the price of XRP will benefit greatly in the long run.
Godfrey Benjamin
Benjamin Jodfrey is a blockchain lover and journalists who enjoy writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desires to educate people about encrypted currencies inspire his contributions to the media and the famous Blockchain sites. Benjamin Jodfrey is a fan of sports and agriculture. Follow it xfor LinkedIn
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