Ripple vs. SEC
Ripple’s victory over the US Securities and Exchange Commission (SEC) could push the XRP price to $10. With the regulator proposing a $700 million settlement as its final attempt, all eyes are now on Ripple to negotiate this amount. The final payment amount will determine the company’s victory or defeat. Pro-XRP lawyer John Deaton believes that anything below $20 million would be a significant victory for Ripple. Given the history of XRP’s price performance during partial victories, complete success could push the price above $1 and set the stage for further rallies.
Ripple IPO Rumors
Speculations about a Ripple IPO have been circulating, with expectations set for a 2024 public offering leading to potential growth that will impact the XRP price. Wall Street veteran Linda Jones predicts that the company’s valuation will reach $107 billion, with a share price of $600. This could result in a surge for XRP to trade above $10 to match Ripple’s valuation.
Ripple’s Rise in Cross-Border Payments
As Ripple gains ground in the cross-border payments sector, its presence is expected to raise the demand for XRP due to its central role in the process. The sector is projected to reach $250 trillion by 2027, leading to potential significant growth for XRP. SBI Remit’s adoption of XRP as a bridge currency for remittances in Asia has already demonstrated the potential for increased demand and value growth.
XRP Price Surge
XRP has started the new week on a bullish note, rising above $0.62 with a daily trading volume exceeding $1.1 billion. This suggests growing investor interest, contributing to a potential rally as bulls aim for $0.7.
Hot Take
As Ripple prepares for a potential IPO and continues to navigate its legal battles, the XRP price is poised for growth. If Ripple secures complete victory against the SEC, settles at a favorable amount, and continues to gain ground in the cross-border payments sector, XRP could see significant gains in the coming years.
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