Prominent crypto figure JackTheRippler (@RippleXrpie) has outlined three key dates that could significantly impact the price of XRP, the cryptocurrency associated with Ripple. According to JackTheRippler, these dates, hold bullish implications for the digital asset.
Potential Lawsuit Settlement
The first date is July 25, when the U.S. Securities and Exchange Commission (SEC) is scheduled to hold a closed settlement meeting. This meeting, initially slated for July 18, was rescheduled.
Following the meeting’s initial announcement, prominent figures in the crypto community revealed that the lawsuit with Ripple would be discussed during this meeting, and they suggested a settlement could be imminent.
While the specifics of this meeting remain undisclosed, it has generated considerable interest within the crypto community. If both parties settle, many believe this favorable outcome could have a profound positive impact on XRP’s price.
XRP Joining the Derivatives Market
The second critical date is July 29, when the CME Group, a leading derivatives marketplace, is set to list XRP in its derivatives market. This development is seen as a major endorsement of XRP by the traditional financial industry. Listing XRP derivatives is expected to increase institutional interest in the cryptocurrency, potentially driving up its price.
The End of the Lawsuit with the SEC
Lastly, John Deaton, a prominent attorney, and vocal supporter of XRP, has suggested that the SEC v. Ripple case could conclude by the end of July.
Deaton, currently running for a seat in the U.S. Senate, has continually called out the SEC and its Chair Gary Gensler, and strongly believes Ripple will win the lawsuit. A favorable ruling for Ripple would be a catalyst for a massive XRP price surge.
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XRP’s Next Steps
It is essential to note that although these are projections made by an industry expert, they are not definitive predictions. The cryptocurrency market is volatile, and numerous factors can influence the price of digital assets. These events may not have the effect the community desires. However, they may also push XRP past community expectations.
While the dates have generated optimism among XRP supporters, it is crucial to approach the situation cautiously, and only time will tell how well XRP will react. Any positive developments related to these events could potentially lead to increased investor confidence in XRP and a subsequent rise in its price.
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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