President Donald Trump’s decision to add XRP to the national reserves, alongside Bitcoin
$89,917, Solana
$158, and Cardano
$0.968628, has sparked significant movement in the markets. This development strengthens expectations that the legal battle between Ripple
$3 and the U.S. Securities and Exchange Commission (SEC) may conclude sooner than anticipated. However, legal experts caution that the process could take longer than expected.
Trump’s XRP Decision Shakes the Market
Trump’s initiative to include XRP in the national reserves has resonated widely in the markets. The price of XRP surged by 14.12% in the last 24 hours, with a weekly increase of 4.37%. A 514% rise in 24-hour trading volume indicates a surge in investor interest. While this decision enhances optimistic forecasts about XRP’s future, it does not provide a definitive sign that the lawsuit between Ripple and the SEC will accelerate. Legal experts note that the market’s reaction has been swift, yet the legal proceedings may not follow the same pace.
The Ripple Case May Drag On Longer Than Expected
Legal expert Jeremy Hogan suggests that appeals in the case could be denied by mid-April, but the entire process may extend until May. A court decision affecting Ripple’s public offering plans limits the company’s ability to sell securities, adding further uncertainty to the outcome of the case. Hogan believes that the inclusion of XRP in national reserves will not expedite the lawsuit. The ongoing legal process, taking longer than anticipated, diminishes the likelihood of a swift resolution that the market hopes for. It remains critical for investors to closely monitor the legal aspects of the case. The increase in XRP’s price and the surge in trading volume could be interpreted as a sign of confidence in Trump’s decision. However, due to the uncertainties surrounding the legal process, the sustainability of this market activity remains unclear.
