- The XRP community expects Ripple settlement to drive XRP’s price to $1 or higher.
- Ripple and the SEC are anticipated to hold a closed-door session later today, with settlement talks on the agenda.
- A settlement could lead to Ripple’s U.S. relaunch, XRP futures on Coinbase, and ETF/IPO, boosting XRP’s value
Speculations on XRP pricing have been running amok within the community as the window for the Ripple lawsuit ending draws closer each day. While some commentators believe the end of the case could help XRP reclaim $1, ambitious commentators eye values as high as $10.
Notably, the discussion about a settlement gained momentum as Ripple and the SEC are anticipated to hold a closed-door session later today, with settlement talks on the agenda. Specifically, the SEC Sunshine Act Notice highlighted that the agenda for the July 25 meeting includes key items such as;
- Institution and settlement of administrative proceedings.
- Resolution of litigation claims.
- Other matters relating to examinations and enforcement proceedings.
The crypto community is optimistic that a settlement will be reached in the SEC vs Ripple case, particularly since the case has reached its final stages, with all arguments having been presented and proposed judgments suggested.
Ripple is confident of emerging victorious, with CEO Brad Garlinghouse stating that the case will soon come to a close. His commentary has further bolstered optimism across the board, even among critics.
For instance, crypto commentator CryptoCondom recently made a surprising admission: He never thought he would want to own XRP, but the impending Ripple settlement has changed his mind.
He highlighted that the settlement would allow Ripple to operate again in the U.S., enable Coinbase to list XRP futures, and pave the way for an ETF and Ripple IPO, which are bullish factors for XRP.
In response to a commenter’s suggestion that the development could drive XRP’s value up to $10, CryptoCondom disagreed, instead predicting that the ideal target may be around $1.
This prediction is inspired by XRP’s previous high of $0.93, which was reached after a favorable court ruling last July. Although the excitement around XRP was palpable at the time, it was not enough to push the asset back to $1.
Market observers are optimistic that XRP will surpass this mark once the Ripple case is finally put to rest. Notably, XRP was last seen at $1 in 2021.
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