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HomeCryptocurrency NewsRipple (XRP) News: March 25
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Ripple (XRP) News: March 25

The legal battle between Ripple and the SEC of the United States may not have finished at all. Legal experts predict the company’s next potential movement on that front, while outstanding analysts make XRP bullish predictions.

What follows after Ripple’s last victory against the SEC?

Earlier this month, the United States Stock Exchange and Securities Commission (SEC) launched its appeal against Ripple. The company’s CEO, Brad Garlinghouse, announced the last minute news and said that this marked the end of the demand, which goes back to December 2020.

However, some legal experts explained that the case officially has not yet concluded. American lawyer Jeremy Hogan suggested that “bad things” have ended, but Ripple can now prolong the fight in several ways. A stage Includes an appeal on the fine of $ 125 million that Judge Torres ordered the company to pay due to violating TRUE Securities laws.

A few days ago, lawyer Fred Rispoli also intervened. fictional This undulation can request a reduced fine of $ 10 million, which is aligned with the amount that the company initially proposed.

XRP price predictions

He important The development in the demand for Ripple v. SEC The front triggered a substantial resurgence for XRP, whose valuation briefly increased to $ 2.60. However, the peak was short, and the price turned over its current $ 2.45 in the following days.

Many analysts expect a new bomb but under some important conditions. User X Cryptowzrd recently provided An increase in a historical maximum (ATH) if XRP exceeds the resistance level of $ 2.80. Dark Defender imagined a leap to $ 2.75 with “A Little Hassle” at $ 2.55 and then an explosion to $ 5.85.

“We knew the news would continue. Some believed that some did not do it. It doesn’t matter, in the end. The roads are clear, the skies are blue,” recently the analyst fixed.

However, the activity of the whales does not seem too promising for the fourth largest cryptocurrency, since these great market participants have failed to make any movement in the front of XRP lately.

Waiting for this catalyst

The developments in the case have caused enormous Volatility in the price of XRP over the years, but it seems that this factor can no longer play a role in the potential race of the asset bull. The Ripple community now expects the possible launch of a Spot XRP Traded (ETF) fund in the United States to be the next catalyst.

The known companies that have already He showed his intentions To introduce this product, it includes the gray scale, Bitwise, 21Shares and more. The sec admitted Some of the applications, and in the following months, have to give its green light or final rejection.

A possible approval will allow investors to obtain exposure to XRP without dealing with cryptographic exchanges or worrying about self -ustody. This I could bring more people to the ecosystem and create uprising The long -term price.

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