Could Ripple Vs. SEC Settlement Lead to XRP Price Rally: What To Expect on July 25th?
The post Could Ripple Vs. SEC Settlement Lead to XRP Price Rally: What To Expect on July 25th? appeared first on Coinpedia Fintech News
The ongoing SEC lawsuit against Ripple could be approaching a significant resolution, potentially favoring Ripple and benefiting XRP holders. Recent speculations about a settlement between Ripple and the SEC have stirred excitement, suggesting that a favorable outcome might drive XRP’s price upward and lead to widespread adoption. The market eagerly awaits the July 25 meeting to clarify XRP’s regulatory status.
One analyst points towards a turning point that might change the fate of XRP. Here’s the key insight.
XRP jumped over 50% to levels not seen since early April, creating a bullish scenario. This rise was spurred by regulatory certainty, especially after last year’s XRP non-security finding. XRP fell nearly 10% after the SEC canceled a major closed-door meeting last week. The rescheduled meeting on July 25th revived hopes, causing a 3% price increase.
Ripple vs SEC Settlement
XRP’s fluctuation indicates broader crypto market uncertainty. Many observers believe a deal is possible despite recent setbacks. In the meantime, the settlement may boost XRP’s market position, partnerships, and institutional interest. Marc Fagel has denied the settlement accusations, but Ripple CEO Brad brad garlinghouse 
brad garlinghouse
Brad Garlinghouse is one of the world’s largest crypto payments processors; he is an extremely popular name across the global crypto landscape. He has previously served as the CEO of Hightail, a file-sharing service, and is also an active angel investor. He is currently serving as the CEO of financial technology company Ripple Labs. He joined Ripple as COO in April 2015, answering to the CEO and prime supporter, Chris Larsen. He was elevated to CEO in December 2016. Previously, he also worked at AOL and Yahoo! From 2003 to 2008, he filled in as Senior Vice President at Yahoo!, where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Courier divisions. While at Yahoo!, he wrote an inner update known as the “Peanut Butter Manifesto,” requiring the organization to zero in on its core business instead of extending itself excessively far, much like peanut butter.
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has hinted at a resolution.
According to the expert Cheeky Crypto, despite recent volatility, the market sentiment remains bullish. Significant capital inflows into XRP are creating a golden opportunity for investors. But the major question is it a fleeting moment or a sign of a major comeback for XRP? The analysts emphasize that both Ripple and the SEC are likely still working towards a settlement, and this resolution could unlock new growth opportunities for XRP.
So, If Ripple settles the score now, it will regain investors’ trust and drive XRP adoption in the coming months when ETH ETFs trade, bringing much-needed capital to the market.
Crypto Reaction
To back their stance, the analysts consulted other experts, such as Noelle Acheson, a well-known crypto analyst, who stated that the settlement could serve as a significant catalyst for XRP. According to Acheson, a resolution in favor of Ripple might lead to increased institutional interest and broader adoption of XRP, making it a key player in the financial sector.
Meanwhile, another prominent crypto analyst, Andrew Kang believes the implications could be massive if XRP emerges victorious or reaches a favorable settlement. He highlights the potential for XRP to achieve new all-time highs, driven by regulatory clarity and increased partnerships with financial institutions.
Rise in XRP Whale Activity
The analyst is also keen to see the significant whale transactions, with 48 million XRP recently purchased, suggesting strong confidence among major investors. These moves indicate anticipation of a favorable resolution in the lawsuit and could signal bullish trends for XRP.
All eyes are on July 25. Will this day end XRP investors’ woes or increase uncertainty? The SEC meeting and whale action may determine XRP’s future.
Also Read : Another Win for Ripple! Court Rejects SEC Overreach on Cybersecurity Regulation