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The decision by the Securities and Exchange Commission to drop its appeal in the Ripple case is a major regulatory victory ✅. With the legal uncertainty fading, institutions may finally feel relieved to increase their investments. However, despite the good news, the price of XRP has not risen significantly as some had expected.
💡 What next?
Cryptocurrency analyst, Dark Defender, expects a 12,000% increase, with the possibility of XRP reaching $280 in the coming years. He compares it to the bull run seen in 2017, where the price of XRP jumped from cents to nearly $4 in a matter of months.
⚖️ Spot ETFs and Institutional Adoption
Legal expert Fred Rispoli points out that the refusal of the (SEC) to accept the appeal increases the chances of approval for the XRP exchange-traded fund. If this happens, it could unleash a wave of institutional capital, making XRP a key player in the upcoming bull cycle.
📉 But not everyone is optimistic
Institutions are still avoiding risk, and they may wait for Ripple to be completely cleared before taking significant steps. Programmatic selling and regulatory uncertainty still exist, but the decision of the U.S. Securities and Exchange Commission is a step in the right direction.
📊 Final Thoughts
Although XRP has not seen a massive rise yet, this could be the calm before the storm. Are we on the brink of an institutional boom or just a cycle of noise?