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.
Attorney Fred Rispoli has hinted that elon musk
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.
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.
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