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XRP price rises on hope for end of Ripple lawsuit - what are Ripple's plans for this w...
The recent rumors about the Ripple vs. SEC case have once again stirred up the XRP price. Investors are speculating about a possible settlement or rejection, causing a rise in the price. Although the market has slightly declined today, the sentiment remains optimistic due to strong whale activity and analysts' predictions pointing to a potential rise towards $3.50 or higher. With the case in a crucial phase, the question is: what will Ripple do this weekend?
Can the Ripple vs SEC case be concluded this week?
Speculations about a possible rejection or settlement in the Ripple vs SEC case have recently increased. Especially now that the U.S. SEC is holding its first closed-door meeting under the new Acting Chairman Mark Uyeda, many in the XRP community are expecting a significant outcome from the meeting in the ongoing case.
Despite former SEC lawyer Marc Fagel recently dismissing these claims, market participants remain optimistic about potential positive news that could result in a significant increase in the XRP price.
During a lively discussion on X, former Ripple official Sean McBride shared his insights on the long-running Ripple vs SEC case, further fueling speculation about its possible resolution. He suggested that the case could be dismissed or settled within a week, with a preference for a settlement due to its potentially confidential nature.
Will the XRP case be dismissed or settled?
McBride went on to emphasize potential outcomes if the case were dismissed, suggesting that Ripple could sue the SEC for damages. Meanwhile, former SEC attorney Marc Fagel disputed these claims and emphasized the transparency needed in SEC resolutions.
What will XRP do this weekend?
The XRP price dropped nearly 2% today, hovering around $3.11, with a trading volume of $8.3 billion. Despite the decline, investors remain optimistic given the strong confidence evidenced by a 1.3% increase in XRP Futures Open Interest to $6.9 billion.
Analyst Meesku predicts a possible rise of XRP to $3.50 in the short term, supported by recent whale activity and expectations around new financial products. Although volatility continues to play a role, Meesku believes that the market may be preparing for an upward trend, especially now that the Ripple vs. SEC case is nearing a resolution.
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The XRP price rises due to hope for the end of the Ripple lawsuit - what are Ripple's plans for this weekend?