The crypto community is abuzz with speculations, thanks to a recent interaction between Ripple’s Chief Technology Officer (CTO) David Schwartz and a prominent XRP influencer, XRPP, on Twitter. As Ripple prepares to celebrate its legal victory over the U.S. regulator, all eyes are on what the company plans to unveil at their upcoming New York City gathering.
What Set the Speculation Ball Rolling?
XRPP, a recognized voice in the XRP community, took to Twitter with a series of predictions. He suggested that Ripple might:
- Announce an end to its legal tussle with the U.S. Securities and Exchange Commission (SEC).
- Share plans for an Initial Public Offering (IPO).
- Witness XRP breaking its previous price record, reaching $3.84.
- Host a humorous episode with SEC Chairman Gary Gensler.
- Present another light-hearted surprise centered around XRPP himself.
David Schwartz, Ripple’s CTO, responded teasingly, stating that only two of these predictions would come true.
Dissecting the Possibilities
Given the current trading price of XRP at $0.5053, a surge to its all-time high of $3.84 in just three weeks might be a stretch, especially since its value increased by just 90% post the regulatory win.
Moreover, the notion of the SEC’s chairman being humorously paraded during the Ripple party seems far-fetched. Thus, if we’re to consider Schwartz’s comment, the most plausible announcements at the NYC event could be about the SEC settlement and Ripple’s IPO aspirations.
Conclusion: A Turning Point for Ripple and XRP?
Despite the playful nature of the Twitter exchange, Ripple’s potential revelations could be game-changers. An IPO could usher in a new era for Ripple, and a favorable SEC settlement might rectify the dent in XRP’s reputation due to the lawsuit. All these point towards promising developments that XRP enthusiasts and investors worldwide are eagerly waiting to hear.
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Source: https://cryptoticker.io/en/ripple-ipo-sec-settlement-nyc-event/