The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may be coming to a conclusion. Both parties are expected to submit a joint status update by August 15.
Overview of Ripple and SEC Situation
According to sources, a potential $50 million settlement is on the table, which could lift restrictions on institutional sales of XRP. This event has the potential to significantly impact the market.
Large Investments Take Action
Amid high volatility, data indicates that 280 million XRP (worth $858 million) were accumulated by major wallets in July. The number of addresses holding over 1 million XRP has reached an all-time high of 2,743.
Prospects for XRP and MAGACOIN FINANCE
With potential approval of ETF applications by BlackRock and Franklin Templeton, XRP is on the verge of possible growth. Meanwhile, MAGACOIN FINANCE is attracting attention as a potential major player in the market, with prospects of a 35x increase.
XRP is on the brink of significant changes, creating favorable conditions for short-term growth. As Ripple finalizes its legal matters, MAGACOIN FINANCE also presents an interesting opportunity for investors.
