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COINTURK NEWS > Ripple (XRP) > XRP Surges as Legal Hurdles Fade and Strategic Moves Come to Light
Ripple (XRP)

XRP Surges as Legal Hurdles Fade and Strategic Moves Come to Light

In Brief

  • XRP shows significant improvements as legal issues resolve.

  • Meetings with political figures aim to boost XRP's strategic position.

  • Experts predict XRP could rise significantly in value.

Fatih Uçar
Fatih Uçar 4 months ago
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By 2025, XRP, one of the oldest and most respected cryptocurrency projects, showed significant improvement after facing legal issues with the SEC and market share losses. The digital currency experienced an increase in value following the resolution of legal uncertainties.

Contents
SEC Expected to Withdraw Lawsuit Against Ripple LabsRipple CEO Meets with TrumpExperts Predict XRP Could Reach New Heights

SEC Expected to Withdraw Lawsuit Against Ripple Labs

The lawsuit against Ripple $2 Labs had been hindering XRP’s price movements. However, following Donald Trump’s victory, it is anticipated that the SEC will terminate its case against Ripple Labs. This development has triggered a rise in XRP’s value, with the coin experiencing a 33% increase recently.

Ripple CEO Meets with Trump

Ripple Labs CEO Brad Garlinghouse held discussions with Donald Trump and Vice President James Vance. The goal of this meeting was to ensure XRP’s inclusion as part of an expanded Strategic Reserve. The incorporation of XRP into strategic reserves is considered a significant step in the cryptocurrency market.

Brad Garlinghouse: “Including XRP in strategic reserves will initiate a new era in the cryptocurrency market.”

Experts Predict XRP Could Reach New Heights

Some experts suggest that, given the current favorable fundamentals, XRP could rise to $8. Currently, XRP ranks third in market capitalization and has increased sixfold in price over the past two months. However, the project’s future performance may vary depending on political and market dynamics.

XRP could see increased accessibility and trust among investors if spot ETF applications are approved. This scenario could further enhance XRP’s value, positioning the coin as an important investment tool for cryptocurrency enthusiasts.

Nonetheless, adverse effects on XRP’s value could occur if certain scenarios do not materialize. It is crucial for investors to closely monitor market conditions and legal developments when investing in XRP.

XRP seems poised to be among the most watched projects for cryptocurrency enthusiasts in the coming months. The project’s success could reshape the dynamics of the cryptocurrency market and present new opportunities for investors.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 24 January, 2025 - 11:36 am 24 January, 2025 - 11:36 am
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