Well-known influencer Ben Armstrong, Ripple He sparked excitement in the digital currency space with his bold prediction about the ongoing legal battle between the US and the SEC. Armstrong’s insight focuses on a potential solution that, combined with Ripple’s strategic moves aimed at broader adoption in the US, could significantly impact the future course of XRP.
Ben Armstrong’s Prediction
Koinfinans.com As we reported, in one of his latest videos, crypto YouTuber Ben Armstrong shared his thoughts on the ongoing legal battle between Ripple and the SEC. Specifically, Armstrong predicts that Ripple and the SEC are ready for a groundbreaking deal, and that a possible fine would be around $10 million.
He makes this prediction in light of recent developments and industry conversations, and signals a significant shift in the legal landscape of XRP. Armstrong’s prediction creates optimism among investors and supports XRP’s future rise.
Additionally, Armstrong highlights the importance of an official panel at Ripple Labs’ headquarters in San Francisco, where it is rumored that important details regarding XRP adoption could be revealed. It highlights XRP’s potential for widespread adoption in the American payments ecosystem and suggests it could be a catalyst for greater efficiency in financial transactions.
However, despite Ripple’s significant presence internationally, Armstrong notes that regulatory hurdles, particularly the US SEC lawsuit, have limited the company’s progress in the US market.
Ripple’s Strategic Moves for Adoption in the USA
Armstrong’s comments hint that Ripple is taking strategic steps to encourage wider adoption of XRP in the United States. In particular, Armstrong’s references to W. Oliver Segovia, Ripple’s Head of Product Marketing – Payments, signal preparations for the imminent adoption of XRP in the American market.
Ripple’s efforts to obtain Money Transmitter Licenses (MTLs) in multiple US states demonstrate a proactive approach to regulatory compliance and market expansion. Armstrong also emphasizes that Ripple actively participates in initiatives such as meetups and official panels to increase interaction with the community, encouraging transparency and collaboration.
Meanwhile, a very important meeting is planned at Ripple’s headquarters, which will offer a look at the company’s 2024 vision and roadmap. This strategic meeting underscores Ripple’s commitment to developing an ecosystem that will support wider adoption of XRP.
Armstrong’s view on XRP’s price rise is based on factors such as a significant whale accumulation by analyzing market dynamics. Despite the challenges posed by the SEC lawsuit, Armstrong remains optimistic about XRP’s potential to surpass $1 on February 29, 2024, depending on market conditions.
This particularly ambitious prediction reflects Armstrong’s confidence in XRP’s resilience and long-term potential despite regulatory uncertainties and recent price fluctuations. While this news was being written, the price of XRP was traded at $0.5126, increasing by 2.01% in the last 24 hours, while the transaction volume increased by 8.54% to $918.80 million.
