Mike Novogratz is convinced XRP and Cardano are among the industry leaders per their first-mover advantage.
The demand for XRPL products and services has increased in the recent past bolstered by Ripple Labs’ strategic partnership, thus bolstering macro bullish sentiment for XRP.
The highly anticipated end of the Ripple vs SEC lawsuit under the Donald Trump administration will further fuel XRP bullish growth toward price discovery.
Former SEC enforcement chief John Reed Stark has suggested that the US SEC may pause its appeal in the Ripple lawsuit, signaling a broader retreat from aggressive crypto enforcement.
The SEC has acknowledged Cboe BZX Exchange’s filing to list Bitwise XRP ETF, with analysts predicting high approval chances. The decision follows SEC’s implied classification of XRP as a commodity.
The XRP community is optimistic as Elon Musk’s DOGE reviews the SEC, fueling hope for regulatory reform and a potential XRP price rally.
The SEC has opened a public comment period for Bitwise’s XRP ETF proposal, signaling growing institutional interest in XRP despite its ongoing legal challenges with regulators.
XRP price gained 12 percent last week to trade at about $2.68 on Monday, thus overtaking Tether’s USDT in market valuation.
The SEC, previously dismissive of similar proposals, appears more open under the current administration.
The US SEC acknowledged the 19b-4 filing of Grayscale XRP Trust, which increased the odds of the agency approving a spot XRP ETF in the near future.
After a solid breakout from the multi-year symmetrical triangular pattern in early November, XRP price entered its first consolidation ahead of the much-anticipated price discovery phase.
The SEC’s delay in decisions, combined with leadership shifts, has led to speculation about the agency’s strategy and its impact on Ripple’s case and XRP price.
XRP ETF approval remains uncertain as Ripple’s legal battle continues, with analysts predicting a 65% chance amid SEC challenges and delays.
While Ripple strengthens its global presence, it remains entangled in a legal battle with the SEC in the US. However, with Donald Trump’s return to the presidency, Ripple anticipates favorable regulatory shifts and plans to hire 75% of its workforce in the US.
SBI Holdings expands XRP rewards for shareholders as Ripple gains traction in Japan, with adoption potentially influencing XRP’s price movements.