
Attorney Fred Rispoli suggests Elon Musk integrate XRP into X Payments to challenge regulators.
Crypto trader Doctor Profit predicts XRP could hit $16-$20 if Ripple and SEC work on an ETF.
Ripple's recent court win pushed XRP’s price to a four-month high of $0.66.
Ripple’s win against the SEC has shaken the crypto world, lifting XRP’s market price to reach a four-month high of $0.66. Following the court’s decision, which clarified that XRP itself is not a security. This has opened the door for potential new partnerships and integrations.
How does Elon Musk come into the picture here? What can you expect ahead? Here’s a look.
A Golden Opportunity for Elon Musk?
Attorney Fred Rispoli has hinted that elon musk
elon musk Elon Musk Is the Co-founder of Tesla, an investor and entrepreneur. He was born on the 28th of June,1971, and is based in Pretoria, South Africa. He graduated from the University of Pennsylvania, earning a bachelor's degree in Arts and physics, and the Wharton School, earning a bachelor's degree in science, and economics. In 2003 Musk founded Tesla, an electric vehicle and clean energy company. Elon Musk is a crypto enthusiast, he has a complex relationship with cryptocurrency. He purchased $1.5 billion in the cryptocurrency. Musk was honored with Axel Springer Award, an award given to innovative people, who build new markets, change markets, and contribute to society. He was also listed on Forbes Billionaire with a total net worth of $2 Billion. [email protected] EntrepreneurInvestorChief Executive Officer might capitalize on Ripple’s legal victory by integrating XRP into his X Payments platform. According to Rispoli, this could be a strategic move for Musk to make a bold statement against regulatory pressures while harnessing XRP’s renewed credibility in the market.
Rispoli has publicly urged Musk to incorporate XRP into X Payments, suggesting that this move would reinforce Musk’s stance against the SEC and leverage the cryptocurrency’s newfound market strength. Such a decision could further legitimize XRP, expanding its use case and positioning Musk as a defiant innovator in the financial sector.
Rispoli also believes that X Legal, under the leadership of Adam, would likely support this strategic move.
Market Optimism at New High!
Following a favorable ruling for Ripple, XRP’s price surged nearly 18% today. If Musk acts on Rispoli’s suggestion, it could boost market optimism further. However, Musk has not yet responded to the proposal.
XRP ETF Coming Soon?
Adding to the bullish sentiment, top crypto trader Doctor Profit has speculated that Ripple and the SEC might be quietly working on an XRP ETF. He predicts that XRP could reach between $16 and $20 within a year, although in a more conservative scenario, the price might land between $4 and $7.
Currently, XRP’s price has risen by 19.37% in the last 24 hours, reaching $0.62. Additionally, there has been a significant 47.40% increase in XRP’s futures open interest and a staggering 474.34% boost in derivatives trading volume, suggesting a possible upward trend for XRP in the market.
Also Check Out: XRP News Today: Ripple’s Settlement May Trigger the Launch of an XRP ETF
This could be the beginning of a new era for XRP. Stay tuned.