Ripple vs. SEC Results: Ben Armstrong Predicts $10 Million Settlement, Bullish Outlook for XRP Price
Renowned cryptocurrency analyst Ben Armstrong recently shared insight into Ripple’s legal battle with the US SEC and speculated on the outcome of a potential settlement. In a detailed video, Armstrong highlighted key developments and provided an optimistic price prediction for XRP’s future.
SEC lawsuit settlement speculation
Addressing the SEC lawsuit, Armstrong discussed the ongoing legal proceedings and Ripple’s request for an extension of time following the February 5 court ruling. “I think they would be willing to pay $10 million to get this all over with,” he said, referring to the possibility of a $10 million settlement.
Bullish XRP Prediction
Armstrong highlighted the importance of Ripple’s adoption of XRP in the U.S., saying, “The adoption of emphasized. He emphasized the importance of wholesale adoption, suggesting mutual benefits for both investors and financial institutions.
Analyzing the price of XRP, Armstrong predicted that “XRP will hit $1 on February 29th…the haters will say it never happened.”
Despite acknowledging the coin’s historical volatility, he remained optimistic about further upside, suggesting a $2 milestone is possible.
Ben highlighted Ripple’s international partnerships and contrasted them with the relative silence in the United States due to the SEC case. Referring to Oliver, Ripple’s product lead, he hinted at important developments in the US market, saying:
“They will soon start leveraging a lot of the financial products and what they have.”
He also mentioned Ripple’s gathering at its headquarters where company executives, including CTO David Schwartz, will discuss plans for 2024. Looking forward to insight into Ripple’s expansion strategy, he said: “There will be a big movement around XRP adoption. Here in America.”
To put it briefly,
Insights from cCrypto expert Ben Armstrong shed light on Ripple’s legal issues, potential settlement outcome, and optimistic outlook for XRP’s future.