$XRP, Ripple Labs’ digital asset, boarded the U.S.S. Pampy McPampy Pamp and just keeps on pamping. How much pamp? 🚢
+50.28% so far for March and +30.56% this week. 🤯
There are some rumors Ripple Labs is now discussing a resolution with the SEC. If a settlement occurs, it would likely boost confidence and demand for XRP by clarifying its legal status.
Hell, at this point, even a loss might be considered bullish in the crypto space – it would be a resolution to a nearly two-and-a-half-year legal struggle.
The SEC has been in a legal battle with Ripple Labs since December 2020, claiming that XRP is a security and was sold without proper registration. The lawsuit led to a substantial drop in XRP’s price, from $0.60 to $0.18 within days, and resulted in U.S.-based exchanges removing XRP from their platforms.
Many crypto-focused attorneys on Twitter, who follow the XRP case, predict a summary judgment may be handed down between the end of this week to mid-April. 🗓️