The XRP token continues to hold steady in the cryptocurrency market even as Ripple's legal dispute with the U.S. Securities and Exchange Commission (SEC) nears its conclusion.
Conclusion of Ripple's Battle with SEC
Ripple has announced plans to drop its cross-appeal, meaning that the court's final decision will focus on the penalty. This development is significant for XRP holders as it alleviates one of the major uncertainties looming over the token for the past four years. As a result, XRP has been trading steadily above the $2 mark.
CEO of Ripple Sends Positive Signals
Ripple CEO Brad Garlinghouse has been openly optimistic about the company's upcoming plans. He mentioned that Ripple is actively pursuing opportunities to expand its services, including applying for a national banking license in the U.S. and securing a Federal Reserve master account.
XRP's Price Outlook
Despite global market uncertainties, XRP has shown resilience and growth. Analysts are eyeing the potential for XRP's price to test levels of $3, $4, or even $5 if the current positive sentiment continues. The XRP community is also engaging in active discussions and events, reflecting their confidence in the project's future.
In summary, XRP is solidifying its position amid positive signals from the legal front, community sentiment, and Ripple's active efforts to integrate into the traditional financial system.
