Ripple’s XRP surged nearly 40% to $0.6034 amid speculation of a settlement in its SEC case. The spike followed an SEC closed-door meeting, fueling investor hope.
Former SEC lawyer Marc Fagel dismissed settlement rumors, emphasizing the wait for a court decision. Ripple proposed a $10 million fine, down from the SEC’s $2 billion.
Analysts note a historic bull pennant pattern, predicting significant price increases. Predictions for 2024 and beyond suggest XRP could reach up to $7.54 by 2030 and $525.55 by 2050, highlighting its long-term potential despite market volatility.
