Ripple $2.41 and the expectation that the end of the lawsuit between the US Securities and the Stock Exchange Commission (SEC) is approaching the end, the increase in the price of XRP. Investors evaluate that a possible agreement can carry XRP to new summits. Legal developments and market interpretations require closely monitoring of the process.
Critical turn in the legal process
The case between Ripple and SEC is approaching its final stages. Lawyers argue that the parties can reach an agreement independent of the court decision. According to Jeremy Hogan, the law expert under the control of the parties may enable the process to progress healthier.
Fox Business reporter Eleanor Terrett says Ripple’s demand for more advantageous conditions extends the agreement process. It is stated that the parties tightened the negotiations of 125 million dollars and the abolition of some restrictions. The possibility of the agreement is a positive atmosphere in the markets.
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XRP price and future expectations
The XRP gains value depending on the developments in the case process. It reached $ 2.39 with a 3.78 %rise in the last 24 hours. Analysts evaluate that this rise can continue. Technical Analyst Ekrag Crypto predicts that if XRP exceeds $ 3, it can rise to $ 4.8.
Some market experts say that XRP can take part in the US strategic reserve and that the price can move further up in the long run. However, price fluctuations and regulatory uncertainties require investors to move cautiously. It seems difficult to give exact price targets before the legal process is completed.
Developments in the Ripple case directly affect XRP’s market performance. Investors think that a possible agreement can create a positive wave in the markets. The coming days may be the scene of critical developments for XRP.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
