Ripple Proper Party Speculation: Settlement, IPO, or XRP Futures Contracts?

The Ripple community, often referred to as the XRP Army, is on their toes as Ripple hosts a celebration party in New York. There is serious speculation going on as the Ripple Party may open some major curtains and projects in the party tonight said Collin Brown, a pro-XRP blockchain researcher. Settlement, IPO or XRP Futures Contract what’s on the card? Let’s examine the analyst perspective. 

One Party, 3 Speculations? What’s Coming Next in Ripple Land?

Collin Brown in his X post, starts with the most obvious speculation of a possible settlement in Ripple’s ongoing legal battle with the SEC. He delved deep into why such a development could have a significant impact on the market value of XRP, akin to the surge observed in July. However, John Detaon, a pro-XRP lawyer denied such claims as the settlement will give a bad example to the company’s image and SEC may not bow down so easily as it will directly impact the Coinbase case. 

Time to launch IPO? Furthermore, he analysed why Ripple can go public through an Initial Public Offering (IPO). A financial research firm’s analysis reveals that over 64,000 firms in a similar scenario have undergone an IPO suggesting a 98% likelihood of Ripple pursuing this path.

Considering the complex backdrop, the community also considers the likelihood of Ripple announcing strategic partnerships with major financial institutions and payment networks, potentially including trillion-dollar banks or even SWIFT. Since the case may go long it may impact the full-fledged operation of its native token XRP. 

Additionally, there is a buzz about the introduction of XRP Futures contracts. While nothing is officially announced. 

Crypto Reaction is Mixed?

However not everyone shares the same level of madness, there are also voices of skepticism, with some members suggesting caution amidst the ongoing market conditions. 

Ripple’s Chief Technology Officer, David Schwartz, previously hinted at the possibility of significant developments arising from the celebration. This adds weight to the speculations surrounding potential announcements during the event. Among the speculations mentioned by a prominent XRP influencer were settlement, IPO, XRP reaching a specific price target, SEC-related developments, and a lighthearted prediction involving XRP.

XRP Price

The upcoming Ripple Proper Party is seen by some experts as a true catalyst for an XRP price boom, if the case is resolved it will be a cherry on the top. However, it’s worth noting that while the event celebrates the XRP community’s legal victory, it isn’t focused primarily on XRP, as emphasized by Wall Street veteran Linda P. Jones. While XRP’s price did surge after the party announcement, it’s important to keep in mind the broader context. Currently, is it sitting at a safe zone of $0.50 for weeks.