XRP News: Potential SEC Settlement and ETF Approval Could Skyrocket XRP Price

Recent developments in the Ripple Labs and SEC dispute have sparked excitement among investors, leading to speculation about a potential surge in XRP’s price. Here’s a summary of the key details and what it means for the future of XRP.

Ripple SEC Deal Could Skyrocket XRP Price

As reports emerge that the SEC may soon settle its long-running dispute with Ripple Labs, investors speculate that clearing this legal cloud, combined with the possibility of a potential XRP ETF approval, could drive XRP’s price from its current $2.31 level to a range between $7 and $13. Some long-term analysts even project a sky-high target of $333. With a circulating supply of about 50 billion tokens, XRP’s market capitalization sits around $138 billion, a figure that could increase dramatically if regulatory uncertainties dissipate.

XRP Price Analysis: Critical Phase with Potential Strong Move

XRP faces a critical phase, with a recent surge to $2.34 from $1.92. A close above $2.63 would validate a bullish double bottom formation, pushing the price to $2.80, but failure could result in a decline to $1.92. The token currently trades at $2.34 with a 24-hour trading volume of $8.67B and a market cap of $135.57B.

XRP Price Prediction: Analyst Foresees Cycle Top as Price Surge Approaches

While XRP has struggled to break free from its bearish trend, experts are increasingly optimistic about its performance. They point to an impending “cycle top” as a potential catalyst for a major rally in XRP price. As XRP holds steady above the $2 mark, investors and analysts are closely monitoring key resistance levels, particularly around $2.20. This level is seen as a critical threshold. On March 11, XRP briefly dipped to $1.89 before reclaiming the $2 threshold. However, investor sentiment remains cautious due to broader market conditions.

A Bold Proposal Pushes for XRP as U.S. Strategic Financial Asset

A recent proposal suggests the United States should classify XRP as a strategic asset for its financial systems. The proposal, submitted to the SEC, outlines steps to incorporate XRP, which could unlock $1.5 trillion in liquidity and cut $7.5 billion in annual cross-border payment expenses. Financial advisor Maximilian Staudinger introduced the proposal, urging the SEC to classify XRP as a payment asset instead of a security to enhance its adoption.