The day of Ripple’s victory party is finally here. Amid the excitement in New York, the XRP community is abuzz with speculation. The XRP army cannot wait to hear the exciting announcements Ripple has been teasing.
As these announcements are speculated to have the potential to shape XRP’s future, XRP enthusiast and blockchain researcher Collin Brown (@CollinBrownXRP) has shared his thoughts on what they might be.
Brown began his post with the question on the mind of everyone in the community, asking, “Ripple Victory Party Speculation – What Kind of Announcement Awaits Us?” Following that, he outlined several possibilities.
Rumors of an upcoming IPO have been going on for a while. The IPO rumors and the talk of a Settlement with the US Securities and Exchange Commission (SEC) intensified after Ripple Chief Technology Officer (CTO) David Schwartz confirmed them on X a few weeks ago.
A settlement with the SEC would profoundly impact XRP’s market value, reminiscent of the surge witnessed in July after Ripple’s partial victory. The same victory that Ripple is celebrating in this party.
Brown also considered Ripple’s efforts to establish partnerships with major financial institutions and payment networks. With Ripple trying to get a strong foothold in cross-border payments, partnering with trillion-dollar banks or SWIFT can’t be ruled out completely. Brown also speculated about the possibility of XRP Futures contracts becoming a reality.
After sharing his predictions for the announcements, he called on the XRP community to share their guesses in the comments.
Not everyone in the XRP community shares the same level of optimism regarding the announcements. One user expressed skepticism, citing concerns about the current bear market. He stated that the party would be nothing more than a celebration of the July victory and described everything else as “hopium.”
Another user stated that none of Brown’s predictions would come true. When asked what he believed would happen, the same user reiterated the belief that the party was nothing more than a celebration of the favorable ruling.
However, some users shared Brown’s excitement for the announcements. One user pointed out that we could see more than two announcements.
Many in the community are waiting, fingers crossed, for these announcements, and it will be interesting to see the path XRP takes following the party. Meanwhile, a recent analysis suggests that XRP could reach $2 sooner than expected.
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London, United Kingdom, 21st November 2024, Chainwire