Bitwise CIO Highlights What to Expect For XRP After April 16

Xaif (@Xaif_Crypto), a well-known cryptocurrency influencer on X, recently claimed that the U.S. Securities and Exchange Commission’s (SEC) case against Ripple will be settled on April 16. He cited comments from Scott Matherson, the Chief Investment Officer of Bitwise, during an interview with Paul Barron.

The claim has fueled speculation about XRP’s future, particularly its potential price increase and market impact. April 16 is the deadline for Ripple’s appeal brief, and other experts have also predicted that the lawsuit could be settled on or before that date.

Bitwise CIO’s Perspective on XRP and Litigation Suppression

During the interview, Paul Barron asked Matherson about XRP’s potential market response on April 16. Matherson did not confirm a settlement but acknowledged that the market would likely react favorably if regulatory clarity happened. He emphasized that XRP has been “suppressed by litigation for multiple years” and its true market potential remains uncertain.

Matherson pointed out that some market participants have disregarded XRP, stating, “I think that part of the market is wrong.” He explained that if XRP gains legal clarity, the cryptocurrency could experience significant business development opportunities in the U.S. and internationally. However, he also cautioned that while XRP could see substantial success, there is no certainty about its future trajectory.

Market Implications and XRP Price Speculation

Xaif’s post, which concluded with the assertion that “$40 is imminent,” has drawn attention from XRP supporters and market analysts. However, Matherson made no specific price predictions in his interview. His statements focused on the potential for XRP to operate without regulatory restrictions rather than any guaranteed price movement.

The outcome of the case is expected to have broader implications for the cryptocurrency industry. The Ripple lawsuit is the most high-profile lawsuit in the crypto industry, and a prominent journalist recently revealed the only hurdles left for a settlement.

This settlement would mark a turning point for the asset’s adoption and standing in the financial sector.

Caution Amid Market Optimism

While XRP supporters are optimistic about a favorable resolution, Matherson’s remarks suggest a more measured perspective. He reiterated that there are no guarantees about XRP’s future success or failure.

Many in the community like Xaif are optimistic about the digital asset’s future. While it could surge to $40 as he expects, the cryptocurrency market remains volatile, and even legal clarity does not ensure a significant price surge.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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