Ripple, a key player in the cryptocurrency world, has faced significant hurdles during the Biden administration. Currently, the company is locked in a fierce legal battle with the U.S. Securities and Exchange Commission (SEC), challenging the regulator’s appeal of a court ruling that XRP is not a security.
But there’s more to the story than just legal fights.
Recently, speculation has stirred over a reported meeting between Ripple CEO Brad Garlinghouse and former President Donald Trump—an encounter that has left the crypto community buzzing with excitement and questions. What was discussed behind closed doors? Could this meeting be a turning point for Ripple?
Read on to know more.
The post claims Garlinghouse confirmed his meeting with Trump during a recent media interview, but the details remain unclear. There’s no information about when or where the meeting took place, who else attended, or what topics were discussed. Instead, the post encourages crypto enthusiasts to guess what might have been on the agenda.
Many believe Ripple’s ongoing legal fight with the SEC was a key focus. Crypto enthusiast Craig Hoqf speculates that Garlinghouse may have highlighted the challenges Ripple has faced under the current administration. Considering the intensity of this legal dispute, such a discussion would make sense.
Some, like Kapetas95, suggest the meeting could have explored how XRP might support the U.S. economy. They point to XRP’s potential to address national challenges, such as reducing debt, as a possible talking point.
Others, including Rise.X.Against, speculate about a more ambitious idea: Trump creating an XRP national reserve, akin to his rumored Bitcoin reserve plans.
Not everyone is convinced. Enthusiasts like Spiritual X question the accuracy of the claim made by Good Morning Crypto, citing the lack of concrete evidence. Until there’s more confirmation, skepticism remains a common reaction.
While speculation about the meeting continues, XRP has been on a significant market upswing. Over the past week, XRP’s value has jumped 76.8%, with a 24-hour gain of 20.5%. These figures far outpace Bitcoin’s 4.3%, Ethereum’s 2.5%, Solana’s 6.3%, and Binance Coin’s 1.6% gains.
On November 5, XRP was priced around $0.5053. Since then, its value has risen by an impressive 94.25%, reflecting strong investor confidence and increasing interest in XRP futures.
XRP is expected to range between $0.512 and $0.792 in 2024, with an average price around $1.07
XRP is currently priced at $0.953, and reaching $1,000 would require an enormous increase. However, developments in the XRP ecosystem could drive significant price growth in the future
XRP is pumping due to favorable regulatory changes in the U.S., investor optimism, and growing interest in XRP futures, which have contributed to its recent 17% surge.
With each twist in the legal battle and a market that refuses to stand still, Ripple’s next move could be its most impactful yet.
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