XRP Price Could Surge 50% in August if SEC Drops Ripple Appeal
XRP could see a big price move mid August if SEC formally drops its appeal against Ripple. That’s according to tech founder Vincent...
Quick overview
- XRP could experience a significant price increase in mid-August if the SEC drops its appeal against Ripple, according to tech founder Vincent Van Code.
- The unsealing of around 1,700 companies under NDA is expected to generate institutional interest and boost XRP's price.
- August 15 is a procedural milestone for Ripple's legal case, but it is not a deadline for a decision from the SEC.
- Despite legal uncertainties, analysts believe Ripple's network is attracting major financial players, setting the stage for a potential XRP breakout.
XRP could see a big price move mid August if SEC formally drops its appeal against Ripple. That’s according to tech founder Vincent Van Code who says the regulatory move will unseal around 1,700 companies under NDA.
These dormant partnerships he believes will spark institutional interest and push XRP price up big time.
In a recent post on X (formerly Twitter) Van Code said “XRP price will no doubt go up mid August if SEC formally files appeal dismissal. Then we see 100s of existing 1,700 NDA companies coming out.”
Ripple’s partnership with BNY Mellon to manage RLUSD reserves shows institutional players are already laying the groundwork for deeper involvement with Ripple’s ecosystem. Van Code also mentioned pending ETF approvals and big companies entering the market as additional price catalysts.
Ripple’s Legal Case: What August 15 Means
SEC and Ripple filed a joint request in June to pause the case until August 15, a date many are now watching. But legal experts advise caution in reading too much into it. According to Marc Fagel, a former SEC attorney, August 15 is not a deadline for a decision but just a status update for the court. The SEC could still continue the appeal or ask for more time.
Key Takeaways:
- August 15 is a procedural milestone, not a deadline
- SEC has already imposed a $125 million fine
- Ripple has reportedly put the fine in escrow
Fagel also disputed claims that Ripple can negotiate a lower fine, saying the $125 million fine is already in place.
Institutional Interest and Community Optimism
Despite the legal uncertainty, XRP is still looking good. Analysts say Ripple’s network is attracting big financial players even if quietly. Van Code believes once the legal clarity is achieved, these companies will come out and integrate with Ripple and the XRP Ledger.
Australian attorney Bill Morgan added more nuance, saying the SEC is under no obligation to drop the appeal by August 15. They can extend the case if they want to.
Still XRP bulls are hopeful. With legal closure around the corner and institutional momentum building, XRP could be ready to breakout.
August 15 coming up.
Possible Catalysts for XRP Rally:
- SEC officially ends its appeal
- Ripple discloses NDA-bound partnerships
- ETF approvals drive market demand
- Major financial firms integrate XRP Ledger
As the crypto world eyes August 15, the market awaits clarity that could reshape XRP’s future.
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