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The possibility of a collaboration between Elon Musk and Ripple has become one of the most talked-about topics in the cryptocurrency market in recent days. After Ripple won its legal battle with the U.S. Securities and Exchange Commission (SEC), Ripple’s lawyer Fred Rispoli suggested integrating XRP into Musk’s X Payments system. So, what impact could this proposal have on the cryptocurrency world?
Victory Echoes from Courtroom to Markets
The long legal battle between Ripple and the SEC ended with Judge Analisa Torres ruling in favor of Ripple. The court rejected the SEC’s proposed $2 billion fine, setting Ripple’s payment at $125 million.
This decision led to a rapid increase in the value of XRP. Following the ruling, XRP gained 18% in value, pleasing investors and creating a positive atmosphere in the market.
What Will Elon Musk’s Response Be?
Rispoli’s call has sparked great curiosity within the cryptocurrency community. Given Elon Musk‘s enthusiastic approach to technology and innovation, he is likely to respond positively to this proposal. If Musk includes XRP in the X Payments system, this move could further increase XRP’s market value and solidify Ripple’s position in the cryptocurrency market.
Ripple’s victory over the SEC has led to a noticeable increase in XRP’s market value. According to Coinglass data, XRP’s futures trading volume increased by 474.34%. This increase indicates growing investor confidence in Ripple and XRP.
Fred Rispoli’s call to Elon Musk could be a significant turning point not only for Ripple or XRP but for the entire cryptocurrency market. How Musk responds to this call and the potential effects of integrating XRP into the X Payments system will be crucial factors shaping the future of the cryptocurrency world. Ripple’s victory over the SEC could serve as an encouraging example for other cryptocurrencies.
