After 4 years of drama in the courtroom, Ripple’s legal struggle with the dry Finally take an end. In a recent announcement, the CEO of Ripple, Brad Garlinghouse, announced that he had abandoned his tip against the dry, and “close this chapter once and for all”.
As soon as the news broke out, XRP jumped more than 3% and the crypto world lit up a question: what is the next step for XRP?
The legal war of the wave of the dry finally
The Ripple Battle against SEC began in 2020 and has doubted the future of XRP. Now, the two parties lowering their calls, Ripple has agreed to pay a $ 50 million settlement, much below 125 million previous dollars.
This agreement also removes court restrictions on Ripple XRP sales to institutions, opening up new commercial opportunities.
For XRP holders, this provides long -awaited regulatory clarity. Many now believe that Ripple can fully focus on its objective of building “Internet of value”, helping money to move as easily as today.
Investors are already confidence
The price of XRP quickly jumped as the news spread. In the past few days, large XRP wallets, often called “whales”, added more parts, pushing the total large Holdings at around 5.8 billion XRP.
In addition to this, network activity has increased 400% since March, showing that people move, exchange and use XRP more.
Some traders say that XRP may soon test the $ 2.60 bar. If the momentum continues to build, a $ 3 hobby may not be too far-but it depends on new catalysts.
Hope a rise in ETF XRP
Many eyes are now on the Idea of an ETF XRP. Garlinghouse himself suggested that an FNB approval could arrive in mid-201. Meanwhile, the prediction market gives this chance 78%.
If this happens, large investors could finally intervene, which could increase the price of XRP.
What is the next step for XRP?
Some analysts believe that XRP could increase between 100% to 200% by here, perhaps reaching $ 6.99 to $ 10 if an ETF or a Ripple stock exchange occurs. Others are more cautious, saying that the current rally could refresh itself if no news will follow.
For the moment, XRP is negotiated $ 2.20, showing a 5.5% Increase in the last 24 hours. However, the price faces high resistance almost $ 2.60. A clear break greater than $ 3 could occur if there are positive news on an XRP ETF.