Why does XRP go up? The legal battle of Ripple Dry officially ends

The long -standing legal battle between the Securities and Exchange Commission (SEC) and Ripple finally ended. In a big decision, the SEC has withdrawn its appeal, marking a major victory for Ripple and the wider industry of cryptocurrencies. The decision sent shock waves on the market, which increased the price of XRP by more than 15%. He reached a summit of $ 2.56 and now plans the $ 3 mark.

Now, according to experts, XRP has an interesting price action, with ambitious objectives set for the future. XRP could soon follow a model of five waves, reaching between $ 7 and $ 12 initially, and maybe even up to $ 20 to $ 40 in the future. If this happens, the holders could see a huge return on investment, potentially up to 1,610%.

The CEO of Ripple famous after a massive victory

The CEO of Ripple, Brad Garlinghouse, celebrated the victory, declaring: “This is the moment when we expect.” He criticized the dry for his role in the case, calling a government campaign which had a negative impact on the market, annihilating $ 15 billion in value for innocent XRP holders. Garlinghouse also expressed his conviction that the SEC shares aimed more at intimidating the industry than protecting investors.

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Brilliant future?

Thinking about the four -year battle, Garlinghouse noted: “We have won on all critical legal points”, saying that the court’s decision proved that XRP was not security. He also said that today’s victory provides a clearer path for political decision -makers to regulate the cryptography industry in a way that promotes innovation while aligning existing securities laws.

Garlinghouse also talked about the broader implications for cryptographic space, expressing the hope that this victory would contribute to the United States the “Crypto world”. He praised the new government management for adopting a more rational approach to cryptographic regulations, which, according to him, will lead to significant progress.