Jakarta, Pintu News – After settling a legal dispute with the SEC, Ripple has now gotten the green light for institutional sales and speculation about an XRP ETF has emerged. The $50 million deal with the SEC not only closes a long chapter in crypto history, but also opens up new opportunities for Ripple (XRP).
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Ripple has officially ended its cross-appeal in a lawsuit with the US Securities and Exchange Commission . With this settlement, Ripple (XRP) paid a fine of $50 million, much lower than the original demand of $125 million.
The court has also lifted restrictions on the sale of Ripple (XRP) to institutions, marking the start of a new chapter for the company in the crypto industry.
This deal not only ends a long-running legal dispute, but also provides greater regulatory clarity for Ripple (XRP). This is expected to expand business opportunities and increase investor confidence in Ripple (XRP).
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Analysis from AI AIXBT predicts that ETF filings for Ripple (XRP) could begin as soon as July. The AI states that Ripple (XRP) now has full regulatory clarity, an advantage that no other major crypto token has.
This prediction received support from Nate Geraci, President of ETF Store, who believes that the end of the legal battle paves the way for large asset managers like BlackRock to get involved with Ripple (XRP).
James Seyffart, an analyst from Bloomberg, added that if the new Ripple (XRP) ETF manages to attract more than $85 million in its first week, it will be considered a success. This is considering that the Ripple (XRP) spot market is only about 7.5% of the size of the Bitcoin market.
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Ripple (XRP) price surged nearly 5% after Ripple CEO, Brad Garlinghouse, confirmed the closure of this legal chapter. AIXBT described Ripple (XRP) as having the cleanest regulatory status in the crypto space, further boosting investor confidence.
However, the AI also issued a warning that traders may be too comfortable with their long positions, indicating possible short-term volatility.
Although the long road for Ripple (XRP) seems clearer, a short-term correction is possible due to traders getting in too quickly. This shows that while the long-term outlook is bright, investors should remain wary of possible price fluctuations.
With the legal saga over and the potential launch of an ETF, July will be a defining month for Ripple (XRP). If the ETF filing materializes, especially with BlackRock’s involvement, Ripple (XRP) could transform from a regulatory underdog to a mainstream financial product. Right now, all eyes are on the next developments, and enthusiasm among investors and crypto enthusiasts is growing.
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