CandleFocus

SEC Settlement with Ripple: Could This Spark a $10 Rally for XRP?

Author: Content Editor
Summary:

The Ripple vs. SEC case is becoming more intriguing, particularly with the resignation of SEC chair Gary Gensler. Rumors suggest that the SEC may hold an emergency meeting to discuss a settlement with Ripple, which could resolve the lawsuit. The focus is on how this settlement would impact the price of XRP, which is currently at $1.45. XRP has strong utility and adoption, making it positioned differently than before. If the SEC lawsuit ends, XRP could experience a significant price spike, potentially exceeding $10. However, short-term traders may sell their holdings after the spike, causing a temporary price retracement. It is anticipated that the retracement could be around 30%, bringing the price back to the $6 range.

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