ripple plans to throttle the XRP sale: Aufwind after a successful legal dispute and increasing interest of US financial institutions

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ripple and the XRP course: a turning point according to the Secrement Law dispute

In December 2020, the long-lasting legal dispute between Ripple and the US Securities and Exchange Commission (SEC) began the status of the XRP token. However, these legal disputes now seem to have come to an end because the SEC has withdrawn its appeal against a positive judgment for Ripple. In an interview with Bloomberg, CEO Brad Garlinghouse explained that this is a turning point for the company.

The XRP's coin base course has now risen to $ 2.51, which indicates a growing interest on the part of the US financial institutions. This is a sign that XRP continues to be seen as an undervalued token that may have significant growth potential.

A new chapter for Ripple

The SEC had accused Ripple of selling XRP as a non -registered security. This led to a considerable financial effort for the company, which has invested over $ 150 million in legal costs. The recent events now seem to bring positive changes for Ripple. Garlinghouse confirmed that the withdrawal of the SEC profession gives the company and personally security, since he was also a defendant in the lawsuit.

The judicial decision recognized that certain XRP sales at institutional investors from 2015 and 2016 are considered as securities transactions, which led to a penalty of $ 125 million. Garlinghouse indicated that Ripple may be willing to reclaim this punishment: "We have nothing against getting this sum back."

XRP sales on the test bench

ripple holds 42 % of the total XRP offer of 99.9 billion units, which is a fixed upper limit. In order to ensure transparency, the company regularly publishes the "XRP Markets Report", which contains detailed information on sales and token releases. Garlinghouse emphasized the importance of this practice: "We want this to be predictable."

After the judicial decision, the XRP sales could decrease. Garlinghouse said: "Maybe we won't sell that much anymore - we will see."

Market expert Pierre Rochard critically commented on the XRP sales: "Ripple sells XRP as a sales, as an operational money inflow", what the nature of this sales in question. According to Rochard, buyers are not investors in Ripple, but only acquire tokens that are sold without conditions.

positive market reactions

After the recovery from the SEC, the XRP price increased by 14 % and is currently $ 2.51. In the last 24 hours, XRP rose by 8.66 % and $ 12.42 % last week, supported by a trading volume of remarkable $ 10.7 billion. Analyst Dark Defender predicted a strong upward trend for XRP: "The paths are free, the sky is blue", which indicates a potential outbreak.

Garlinghouse also noticed a change in the perception of US financial institutions compared to XRP. From initial skepticism, these are now more positive statements, which he attributes to improved regulatory clarity.

Future plans from Ripple

ripple is aiming for further growth, with Garlinghouse also bringing the opportunity for takeovers in the area of ​​blockchain infrastructure. "There will be consolidation this year and we will orientate ourselves.

Overall, the situation indicates that, thanks to the termination of the Secrice Court, Ripple is in a good position to explore new opportunities in the cryptom market and potentially to transform the role of XRP.