Ripple-Sec process is approaching: XRP price jumped by 10 % with rumors and new bank partnerships in Southeast Asia

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Ripple-SEC-Verfahren: XRP-Preis steigt durch Einigungsgerüchte In den letzten Tagen sorgten Gerüchte um eine mögliche Einigung im Rechtsstreit zwischen der SEC (U.S. Securities and Exchange Commission) und Ripple für eine starke Kurssteigerung von XRP. Innerhalb von nur zwei Tagen konnte der Preis des Tokens um beeindruckende 10 % zulegen. Laut Berichten der Fox Business News-Journalistin Eleanor Terrett deuten Informationen aus gut informierten Quellen darauf hin, dass das Verfahren bald zu einem Ende kommen könnte. Die positive Marktreaktion könnte auch auf die Aussicht zurückzuführen sein, dass Ripple versucht, günstigere Bedingungen für die festgelegte Geldstrafe von 125 Millionen US-Dollar und die langfristige Verfügung …
Ripple Sec procedure: XRP price increases with rumors in the past few days. Rumors have made a possible agreement in the legal dispute between the SEC (U.S. Securities and Exchange Commission) and Ripple for a great increase in price of XRP. Within just two days, the price of the token was able to get an impressive 10 %. According to reports from Fox Business News journalist Eleanor Terrett, information from well-informed sources indicates that the procedure could come to an end soon. The positive market reaction could also be due to the prospect that Ripple tries to make cheaper conditions for the defined fine of $ 125 million and the long-term decision ... (Symbolbild/KNAT)

Ripplle-Sec procedure: XRP price increases due to rumors of finishing

In the past few days, rumors have made a possible agreement in the legal dispute between the SEC (U.S. Securities and Exchange Commission) and Ripple for a great increase in course of XRP. Within just two days, the price of the token was able to get an impressive 10 %. According to the Fox Business News journalist Eleanor Terrett, information from well-informed sources indicates that the procedure could come to an end soon.

The positive market reaction could also be due to the prospect that Ripple is trying to negotiate cheaper conditions for the fixed fine of $ 125 million and the long-term disposal against the sale of XRP to institutional investors. Terrett emphasizes that Ripple wants to contest the decision of judge Torres because of the changed attitude of the SEC for crypto regulation. It expresses the following thesis:

"If the new SEC leadership gives up the enforcement of all the previously targeted crypto companies because it believes that regulatory clarity solves the underlying problem, why should Ripple continue to be punished?"

The regulatory developments significantly influence the status of XRP and its future price development. On Wednesday, XRP recorded an increase of 3.13 % and closed at $ 2.2398 after the price rose by 7.44 % on Tuesday. At the time of the creation of this article, the XRP course is $ 2.23 and has increased by 1.67 % in the last 24 hours.

legal experts express skepticism

Despite the positive news, there are concerns about the procedure that will soon be completed. Crypto lawyer Bill Morgan finds that although Ripple could apply to change the injunction, the approval of the SEC would be necessary. Even if the SEC agrees, this judge Torres could not persuade the disposal.

Similar procedures against companies such as Binance and Lejilex have shown that applications were postponed until April, while the change of management and the creation of a crypto-task force were discussed as possible solutions. It seems likely that Ripple could take a similar way: a joint application of both parties would signal a conclusion of the procedure.

James "Metalawman" Murphy also points out that the decision of judge Torres was positive for XRP owners, but still results in considerable legal consequences for Ripple.

Future view for the XRP Prize

The future price development of XRP will be determined by several influencing factors in the coming weeks. A possible inclusion of XRP in a strategic multi-crypto reserve in the USA could lead to an improvement in the market mood. If the SEC withdraws its objection, XRP would have the potential to exceed the all-time high of $ 3.55. However, persistent legal uncertainties could press the prices below $ 1.50.

Another crucial factor is the development of XRP-Spot ETFs, the approval of which trigger institutional capital inflows and the price could drive to up to $ 5.00. However, the ongoing legal disputes should extend the time until ETFs are admitted.

In the meantime, the latest economic data show a mixed reaction of the broader cryptom market. While the annual inflation in the United States fell from 3 % in January to 2.8 % in February and the core inflation dropped from 3.3 % to 3.1 %, Bitcoin experienced a temporary decline from $ 80,616, recovered and closed at $ 82,855, which led to an increase of

In addition, Ripple recently secured a license for money transfers on the billion-dollar market of the United Arab Emirates, which is also considered a positive step for the company and the XRP community.