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Ripple’s win against the SEC has shaken the crypto world, lifting $XRP’s market price to reach a four-month high of $0.66. Following the court’s decision, which clarified that $XRP itself is not a security. This has opened the door for potential new partnerships and integrations.
Attorney Fred Rispoli has suggested that Elon Musk might seize this moment to integrate $XRP into his X Payments platform. Rispoli believes Musk could use this chance to make a bold statement against regulatory pressures. Here’s a closer look at this intriguing possibility.
Musk’s Golden Opportunity
Attorney Fred Rispoli has publicly urged Elon Musk to seize this moment by incorporating $XRP into X Payments, Musk’s digital payment platform. Rispoli suggests that this move would not only strengthen Musk’s stance against the SEC but also leverage $XRP’s renewed market credibility.
@elonmusk You have a golden opportunity right now to legally say eff you to @secgov after its loss today to @ripple. Announce $XRP will be part of the @XPayments platform. Run it through @X legal, I bet Adam would agree with me.
— Fred Rispoli (@freddyriz) August 8, 2024
If Musk decides to integrate $XRP, it could further legitimize the cryptocurrency and expand its use case. This move could also challenge regulatory authorities, highlighting Musk’s defiance and innovation in the financial sector.
However, Rispoli believes that X Legal, led by Adam, would likely support this strategic decision.
Following a favorable ruling for Ripple, $XRP’s price surged nearly 18% today. If Musk acts on Rispoli’s suggestion, it could boost market optimism further. However, Musk has not yet responded to the proposal.
$XRP Price To Hit $20
Echoing the bullish stance top crypto trader Doctor Profit has suggested that Ripple and the SEC could secretly be working on an $XRP ETF. He predicts that $XRP could reach between $16 and $20 within a year. However, in a less optimistic case, the price might be between $4 and $7.
As of now, $XRP’s price has surged by 19.37% in the last 24 hours, reaching $0.62. Additionally, there has been a significant increase in $XRP’s futures open interest by 47.40% and a 474.34% boost in derivatives trading volume, suggesting a possible upward trend in the market for $XRP.