Ripple-SEC Settlement Clear Road for BlackRock Spot XRP ETF
Ripple Labs and the US SEC don drop their appeals, final confirme judge Analisa Torres 2023 ruling and end nearly five years legal matter. The settlement show say XRP no be security for retail trades and make Ripple pay $50 million. This regulatory clarity make XRP price jump over 11% pass $3.30. Polymarket chance for XRP ETF go up to 88% briefly before e settle for around 76%. ETF expert Nate Geraci talk say the ruling clear road for BlackRock to file iShares XRP ETF application, after their spot Bitcoin (BTC) and Ethereum (ETH) ETFs. Bloomberg analyst Eric Balchunas no too sure say dem go file immediately. Meanwhile, Ripple talk say dem get $200 million deal to buy Rail, wey go boost RLUSD stablecoin infrastructure plus cross-border payment ability. As the third biggest cryptocurrency, XRP fit see big liquidity and price gains with institutional spot ETF. Traders suppose watch for iShares XRP ETF filing plus any market changes.
Bullish
Di final wey dem reject appeal remove big wahala wey dey block XRP regulation, e make traders confidence high. The legal clear gbege make price shoot up sharp sharp and e spark plenty talk on ETF. If BlackRock carry spot XRP ETF go, the demand from big big company fit boost market and the price go still rise. The Rail acquisition add correct foundation growth for XRP stablecoin matter. For short time, traders fit expect wahala cos ETF filing and Polymarket updates dey come. For long term, if dem approve spot ETF and build more infrastructure, e mean say XRP get better chance to continue dey go up.