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.
