Ripple and the US Securities and Exchange Commission (SEC) have agreed to formally end their appeals in the high-profile lawsuit that has dragged on for nearly four years.
This outcome is seen as a major win for Ripple, placing it alongside other crypto firms like Coinbase that have resolved conflicts with the SEC.
Following the news, the XRP token price jumped by more than 10% to $3.33 as of press time, according to CryptoSlate’s data.
However, he stressed that his views are speculative, saying:
“I’ll own it if I’m wrong.”
Meanwhile, not everyone shares Geraci’s optimistic outlook about a potential BlackRock XRP ETF.
Bloomberg Senior ETF Analyst Eric Balchunas expressed skepticism, saying he believes BlackRock is content with its two existing crypto ETFs.
He cited the “law of diminishing returns” for adding more products, though he admitted his opinion was based more on intuition than concrete evidence.
