๐๐Buckle up, BTC enthusiasts! The crypto world is abuzz with speculation about Ripple's XRP. Despite a recent dip, bulls are hopeful about its market performance, particularly if Ripple wins its ongoing lawsuit against the US Securities and Exchange Commission (SEC). ๐๏ธ๐ฅ
This legal tussle has been dragging on for over three years and is currently in its trial phase. The outcome could significantly impact XRP's price. ๐๐
American attorney Fred Rispoli predicts a resolution by the end of July, with a penalty of no more than $25 million for Ripple. If this prediction holds true, could XRP hit the $1 milestone? ๐ฏ๐ฐ
ChatGPT, an AI-powered chatbot, believes it's possible! It suggests that a favorable outcome could boost XRP's valuation to $1 and beyond. ๐๐
But hold your horses! ๐๐ ChatGPT also warns that the lawsuit may not wrap up in the coming weeks due to the complexity of the legal process.
Meanwhile, the size of Ripple's potential fine remains a contentious issue. The SEC initially sought a whopping $2 billion, which Ripple argues should not exceed $10 million. The SEC has since lowered its demand to $102.6 million. ๐ธ๐ฐ
Ripple has also filed a Notice of Supplemental Authority, using a recent decision related to crypto exchange Binance in its favor. However, the SEC has dismissed this as "wholly irrelevant". ๐คทโโ๏ธ๐คทโโ๏ธ
So, will XRP reach $1 in July? Only time will tell! Stay tuned for more updates. ๐ฐ๏ธ๐