XRP's price has long been a topic of interest for the crypto community. The conclusion of the SEC lawsuit suggests a new phase for the cryptocurrency.
Ripple v. SEC Lawsuit Outcome
Brad Garlinghouse recently announced that the Securities and Exchange Commission has dropped its appeal, effectively ending the lawsuit. This is a long-awaited moment for the community.
XRP ETFs: Prospects
Several major asset managers have filed applications for ETF approval in the USA, with decisions expected by year's end. Experts believe that Ripple's victory increases the likelihood of approval, as Judge Torres's decision indicates XRP sales on the secondary market are not considered investment contracts.
XRP’s Concentration and Market Dynamics
Unlike BTC, which benefits from high ETF demand, XRP's concentrated distribution may deter serious investors. The long-term impact of ETFs on XRP's price remains uncertain.
The major SEC lawsuit decision paves the way for potential ETF approval for XRP. However, concentration and Ripple's control remain critical factors for long-term price stability.
