Although Bitcoin has outperformed XRP in 2023, there is the chance that XRP could follow in Bitcoin’s footsteps for a December bull run.
Industry watchers see the development advancing not only Ripple’s XRP token but also benefiting the wider crypto sector by adopting trusted financial industry models for security and cooperation.
The anticipation surrounding a possible settlement revolves around the expectation that once a deal is inked, it will take away the gloom that still clouds Ripple Labs’ operations and finally set the firm and XRP on a path to truly thrive.
Metaco CEO Adrien Treccani agrees that adopting Ripple and Metaco’s solutions increases the chances of adopting XRPL as a protocol.
Despite the legal victories of Ripple, the court recently issued an order concerning the remedies phase of the lawsuit.
The deceptive video, featuring a voice closely resembling Garlinghouse’s, falsely presents an XRP giveaway, asking them to transfer a minimum of 1000 XRP.
For several hours, the iShares XRP Trust appeared on the ICIS Delaware website suggesting that BlackRock had filed to list an XRP ETF, which was confirmed to be fake.
The price of XRP is responding positively to Ripple sealing agreements to several institutions who need varying services from the firm.
With the current positive news surrounding XRP, the prevailing sentiment, and the increased participation of crypto whales, it is expected that the price will continue to rise.
Deaton’s perspective aligns with the prevailing sentiment in the cryptocurrency community, which generally regards the proposed $20 million settlement as a favorable resolution for Ripple.
Ripple CEO Brad Garlinghouse reminds how Jay Clayton has pushed the case against Ripple while exposing his hypocrisy against the recent SEC actions.
The collaboration with Uphold comes shortly after Ripple celebrated a recent triumph in its ongoing legal battle with the US SEC.
Morgan asserts that XRP sales fail to meet at least two of Howey test prongs, making the SEC’s case weak. With the facts apparently not aligning with the Howey framework, he sees little room for the SEC to overturn the earlier judgment.
The US SEC moves on the backfoot as Ripple registers yet another victory in their legal battle.
The situation first arose when BitPay posted a tweet stating that Ripple (XRP) could now be used to buy items in games that use BitPay, including Roblox and Smite.