XRP News: Ripple’s SEC Settlement Sparks Renewed Interest and $3 Price Prediction for XRP

In the cryptocurrency space, predictions about the future price of various digital assets are always a hot topic. Recently, Ripple’s XRP has garnered significant attention due to a potential price surge to $3. This prediction is largely fueled by Ripple’s recent settlement with the U.S. Securities and Exchange Commission (SEC), which has ended a long-standing legal dispute and sparked renewed interest in the cryptocurrency.

Ripple to $3? Why Experts Project Big Turnaround for XRP

XRP’s $3 price prediction is on investors’ minds due to interesting developments in the crypto space. Ripple’s recent settlement with the SEC has sparked renewed interest in XRP price forecasts. After years of legal troubles, Ripple Labs has finally reached a settlement with the U.S. Securities and Exchange Commission, effectively ending the long legal dispute that’s been hanging over XRP. This was about allegations that Ripple conducted an unregistered securities offering through XRP sales. The settlement has boosted XRP’s prospects.

Why XRP is Falling: Is the Crypto Market Turning Against Ripple?

XRP, the crypto token linked to Ripple, has seen a significant drop recently. On March 29, the token fell by 4.88% in just one day. Despite Ripple winning part of its legal battle with the SEC, the altcoin continues to face selling pressure. Currently priced at $2.14 with a market capitalization of $124.98 billion and a 24-hour trading volume of $4.15 billion, XRP decreased by 10.62% in the last 7 days and is 3.52% down in the last month. The SEC’s silence on the matter is fostering uncertainty in the community, which may be contributing to the continued selling pressure.

XRP Plummets 20% After Ripple’s Lawsuit Closure Against SEC, What’s Next?

It seems like a classic ‘sell-the-news’ event as XRP’s price has tumbled since Ripple’s lawsuit closure against the SEC was announced. The SEC had accused Ripple of selling unregistered securities (XRP) for $1.3 billion in December 2020, leading to exchanges delisting the token and former partners distancing themselves. Despite several court rulings going Ripple’s way, and its top two executives being exonerated, the price of XRP has still taken a hit. Judge Torrest ruled that Ripple has to pay $125 million in penalties.

Ripple Falls Below $2.20: Why Experts Are Still Bullish on XRP

The cryptocurrency market has been underwhelming this year despite favorable regulation expectations. Ripple fell below $2.20 this week, but experts remain optimistic about XRP due to the recent end of its legal battle with the US Securities and Exchange Commission (SEC). Many anticipate a surge in the asset’s value, but the timing remains uncertain.