XRP’s Long Due ATH Can Finally Cash In: Here’s When!

The ongoing crypto bull run phase is yet to influence Ripple with its full might. The cryptocurrency has adopted a lethargic pace, trading at a modest $0.59 price level. However, with the US SEC announcing a closed-door meeting on April 11, speculators are hoping for a possible ripple-related development to finally chart its course in a positive light. If this happens, XRPs could take off to a new price level, cashing in a much anticipated ATH. 

The cryptocurrency community on X is already brimming with new hope, anticipating XRP’s new price threshold soon. With rumors of a possible settlement spreading like wildfire, XRP may finally break into a bullish streak, giving the community a much-needed profit spree. 

Also Read: XRP Price: Analyst Bullish For $1 Breakout Despite Ripple’s Sluggish Ascent 

SEC vs. Ripple: What’s Happening? 

In a new announcement made by the SEC, the agency has decided to conduct a closed-door meeting scheduled for April 11. The meeting has sparked a rumor spree on X, fueling hopes that the meeting will finally address the Ripple case and ways to put a rest to the two-year-long, intense legal battle. 

Per the circular uploaded on X, the meeting is scheduled to take place on April 11, 2024. The new development has fueled an array of speculations, mounting hopes that a possible SEC-XRP settlement may finally arrive after the scheduled meeting. 

Per a notable crypto analyst with the alias “Crypto Barbie,” this development and speculation could fuel XRP’s price to climb a new high and ultimately project its long-due bullish breakout. 

“The Securities and Exchange Commission (SEC) has announced a closed-door session on April 11 amid mounting speculation of an imminent settlement with @Ripple ⚖️This could lead to a substantial influx of funds into #XRP once it receives the regulatory nod from the SEC! This suggests that decentralized finance (DeFi) tokens built on the XRP ledger (XRPL) are poised for significant growth.”