Is the Ripple Case About to Be Concluded? Surprise Statement from the CEO!
Ripple's CEO, Brad Garlinghouse, announced that the company will reach a legal settlement "very soon" in the ongoing case with the SEC. This statement led to an increase in the price of XRP.
Investors are hopeful that the end of Ripple's lawsuit with the SEC could have a significant impact on XRP's market performance. The outcome of the case could significantly affect the price of XRP.
So, what is the stage of the Ripple case?
Ripple was sued by the SEC in December 2020, alleging that XRP was a security. The outcome of the case still remains unclear.
What Did Garlinghouse Say?
"We hope to reach a legal resolution in the case very soon. This will mark a major victory for XRP and Ripple," Garlinghouse said in a recent statement.
What Happened to XRP Price?
After Garlinghouse's statement, the XRP price increased by more than 10%. This increase shows that investors are hopeful about the case.
So How High Can the Price of XRP Rise?
If a decision is made in Ripple's favor in the case, the price of XRP is expected to rise significantly. Some analysts predict that the price of XRP may rise up to $1 in this case.
What are you thinking?
Who do you think will win in the Ripple case? How high can the price of XRP rise? Share your thoughts in the comments!
