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The legal battle between Ripple V/S the SEC is continuing with no ends meet. Meanwhile, Brad Garlinghouse CEO of Ripple labs mentions that a settlement is likely to occur. On one condition that the regulator is expected to clearly define the regulatory status of XRP. This is justifiable, as a firm wanting to know SEC’s stance on the coin is definitely valid.
On the contrary, there does seem lack of clarity in the regulating agency’s system. This comes to light referring to the documents shared by James K. Filan. Who is a defence lawyer, and a former federal prosecutor.
Meanwhile, corrections have been made to the statement made by Ripple’s board of directors. That XRP being positioned as a bridge for cross-border payments is one of the purposes. And not the primary one. Consecutively, the settlement period is lower than FIAT, volatility affects lesser when compared with FIAT.
Summing up, the innovative technology that XRP could offer is On-demand liquidity. Which solves the pre-funded account. This might unlock a lot of liquidity and capital that could possibly allow the price to surge.
Similarly, expectations of possible partnerships with DAG are making rounds. On the other hand, netizens believe the XRP ledger to be arguably more decentralized than its counterparts. Netizens also want SEC to hold a firm base. And not pick random winners and losers out of the blue. Collectively, the factors can propel XRP to surge towards the $10 mark, probably in Q1 of 2022.