The XRP community is abuzz with the news of Ripple's closure of its lawsuit with the U.S. SEC, which may affect the future of the cryptocurrency.
Conclusion of the Lawsuit with the SEC
Ripple has confirmed that it is officially ending its cross-appeal in its lawsuit against the SEC. Both parties have dropped their appeals, and Ripple has agreed to a $50 million settlement, significantly lower than the previously proposed $125 million. This resolution has also lifted restrictions on Ripple's institutional sales of XRP, opening new business opportunities for the company.
Predictions for XRP ETF
AI analyst AIXBT has predicted that ETF filings for XRP could arrive as soon as July. According to the AI, XRP now enjoys full regulatory clarity, something no other major cryptocurrency has. This view is echoed by ETF Store President Nate Geraci, who believes that the end of the legal battle sets the stage for involvement from firms such as BlackRock.
Impact on XRP Price
Following the announcement of the settlement, XRP saw a nearly 5% price jump. Ripple CEO Brad Garlinghouse confirmed that the company is closing this chapter of its history. However, analysts caution that too much optimism may lead to short-term volatility in the market.
The conclusion of Ripple's court case with the SEC opens up new possibilities for XRP, including ETF opportunities and potential price growth. However, buyers and investors should prepare for possible volatility in the short term.
