Cryptocurrency Q&A
Will XRP go up if they win a court case?
Will XRP go up if they win a court case?
Riccardo
Mon May 13 2024
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6 answers
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I'm curious, will XRP go up if they win a court case? Given the current market dynamics and the legal battle surrounding Ripple and the SEC, it seems like a lot is riding on the outcome of this legal dispute. Could you please elaborate on how a favorable verdict might impact the price of XRP? Would it be a significant boost, or is it just one factor among many that could affect its value? I'm trying to understand the potential upside, but also the risks involved, in case the court ruling doesn't go as expected. Thank you for your insights.
6 answers
Andrea
Wed May 15 2024
If the lawsuit against Ripple concludes with a settlement or in favor of Ripple,
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NebulaSoul
Wed May 15 2024
there is a possibility that the price of XRP may experience a significant surge.
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Giuseppe
Tue May 14 2024
However, it's important to note that banks are unlikely to purchase the majority of available XRP.
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Margherita
Tue May 14 2024
Instead, the focus should be on Ripple's ability to persuade banks to adopt their On-Demand Liquidity (ODL) system.
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SapphireRider
Tue May 14 2024
This system utilizes XRP in the background, potentially driving increased demand and usage.
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