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Is the zero approaching the end of the Ripple lawsuit against the SEC?
Will the price of XRP drop to zero as the Ripple vs SEC lawsuit approaches its end?
The lawsuit of the prominent events is approaching.
The price of XRP is looking to rise significantly as the SEC lawsuit against Ripple approaches its conclusion.
The end of this situation could lead to adding zero XRP and possibly reaching 10 dollars and achieving a market value of 580 billion dollars.
The U.S. Securities and Exchange Commission is likely to wait for Paul Atkins to take the oath of office as its new chairman to approve the settlement agreement and officially close the case.
The price of XRP is about to rise significantly as the US Securities and Exchange Commission's (SEC) lawsuit against Ripple draws to a close. This issue has long been considered a major catalyst for XRP's growth, as the cryptocurrency community questions how high the altcoin is priced. With positive indicators increasing, could the price of XRP rise to zero and possibly reach $10? Let's explore it. XRP looks for massive gains as Ripple's lawsuit draws to a close
The price of XRP is poised for further volatility as the U.S. Securities and Exchange Commission case (SEC) vs Ripple draws to a close. Last week, attorney James K. Phelan reported that Ripple and the U.S. Securities and Exchange Commission (SEC) will not file any memo on April 16, and that the agreed settlement is awaiting approval by the commission. Once the case is over, several factors will support a massive rise in the price of XRP to exceed $10.
Potential support from the U.S. government
In an interview with Fox Business, Brad Garlinghouse, the CEO of Ripple, recently stated that the company is ready to settle for $50 million with the U.S. Securities and Exchange Commission. He indicated that the company is prepared to offer the settlement in the form of XRP tokens. If the U.S. government decides to hold these tokens as part of its inventory of digital assets, it would result in the price of XRP rising to over $10.
Chairman of the U.S. Securities and Exchange Commission supportive of cryptocurrencies
The U.S. Securities and Exchange Commission is likely to approve the Ripple settlement deal as soon as Paul Atkins, the new chairman of the agency, takes the oath of office following his confirmation by the U.S. Senate last week. Atkins is expected to lead the changes supporting cryptocurrencies at the agency, which bodes well for the price of Ripple.
Submitting a BlackRock XRP ETF application
The end of this lawsuit will also attract institutional interest in the XRP token. The community expects that giant Wall Street firms, such as BlackRock, will submit applications for XRP exchange-traded funds immediately after the case closes. This could add a zero to the price of XRP, potentially pushing it above $10.
XRP exchange-traded fund flows
Meanwhile, the U.S. Securities and Exchange Commission (SEC) will make its next decision on the applications for spot XRP ETFs in May 2025. Approval is expected to cause a massive surge in the price of Ripple. Analyst Zach Rialtor noted that these ETFs could drive the price of Ripple up by 650% to reach $15, after JPMorgan predicted investment inflows ranging from $4 to $8 billion into these products.
SWIFT integration with Ripple
A recent article published on Coingape stated that SWIFT may integrate with Ripple this month, which would also boost the price of XRP. The conclusion of the lawsuit increases the likelihood of this integration, making it possible for the price of the currency to rise above $10.