The legal battle between Ripple and the SEC, one of the most significant in the crypto space, has ended with both sides deciding to drop their appeals. Now XRP faces two probable paths for future development.
First Possibility: Stable XRP Price
The first possibility is that XRP’s price may remain stable. Currently, it is trading around $2.17 with a market cap of $128.5 billion. Many traders believe that the outcome of the lawsuit has already been 'priced in.' This means that investors had anticipated Ripple's win for some time, and the current price reflects those expectations.
If no fresh news emerges soon, XRP might stay flat, moving only with broader market trends.
Second Possibility: Ripple's Aggressive Moves
The second option is far more exciting. Now that the legal battles are over, Ripple might go all out. Many in the XRP community believe that Ripple could announce major partnerships, sign new global deals, or launch new services to boost adoption. This could give XRP a significant push as more companies and banks feel secure in using Ripple's technology. Ripple Labs has already partnered with Wormhole, a platform that facilitates the connection and collaboration of different blockchains.
Some supporters even think Ripple should run a strong marketing campaign, showcasing that they're not finished yet.
XRP in U.S. Crypto Reserve
In addition, there is growing excitement about adding XRP as a strategic reserve alongside Bitcoin. Now that Ripple's legal battle with the SEC is over, nothing is stopping XRP from being included in this category. All eyes are now on Ripple's next move.
With the legal issues resolved, XRP's future looks more predictable, but significant questions remain about its further development and price movements. Ripple's next steps will be crucial for the cryptocurrency's fate.
