Twitter Buzzes with Rumors of SEC Dropping Ripple Case in 7days!! if its true is XRP will head to $10?

Story Highlights

•   Rumors suggest the SEC may drop the Ripple case within seven days.
•   XRP price could surge to $10 if the SEC drops the case.
•   Investors await the SEC’s next move for the Ripple case.

Rumors are circulating on social media platform X (formerly known as Twitter) that the SEC will drop the Ripple case within seven days. If true, this could push XRP’s price to $10. Currently, XRP is trading at $2.03. Among those dropping their suit against Consensys is the SEC, and speculation about Ripple’s outcome is heightened. Interestingly, it has also decided not to go after Metamask in claims.

XRP Gains Attention as ETF Applications Surge

Ripple has the chance to resolve the instructed brief before the appropriate April 16, 2025, due date for submitting an appellant brief. But recent turns of events indicate that matters cannot be decided so easily. The SEC’s enforcement strategy on XRP has been made more complicated because Judge Torre has classified it differently than other altcoins.

At the same time, Robinhood is cleared by the SEC in its investigation. The experts said this could be a new direction for the SEC’s enforcement efforts. Coinbase was also charged for the same thing, and they dropped the charges, indicating the SEC is pulling back from the pursuit of aggressive litigation.

XRP gets attention despite continuous legal battles. XRP is becoming more popular as an ETF application. Hoping for investors is that companies like 21Shares and Grayscale have applied for XRP ETFs.

Ripple has been battling the case against it for years and the case is that XRP is a security. Ripple’s case, however, has yet to be settled, while Coinbase and Robinhood have been settled with the SEC.

XRP ETF Approval Sparks Investor Optimism

Well-known attorney Fred Rispoli says the case will end soon. In a recent X post, he questioned as to why the Ripple case still exists when similar cases have fallen. He suspected the SEC is less likely to overturn the $125 million judgment.

Also, the SEC decided to formally accept Grayscale’s bid to reclassify its XRP Trust as an ETF. Adding to the investor optimism, this move is based on a spot exchange traded product.

While the price of XRP is increasing, reaching $10 in this case is still far from certain. So the future of this Ripple case depends on its outcome of it. If the SEC drops the case, XRP could be the gem that gains prices. However, if the legal battle continues, price growth may be slower. Investors are now waiting to see what happens next.