A settlement may end the legal dispute between Ripple and US Securities and Exchange Commission. XRP fell almost 3% during the last day, confirming its recent downward trend.
Investors hoping for cryptocurrency to return to normal can be encouraged by the possibility of a settlement. Could the SEC’s lawsuit end in a rally just before the much-anticipated cryptocurrency exchange? Bitcoin Halving Event?
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/3-Reasons-Why-XRP-Could-Turn-Around-to-End-March.jpeg)
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Ripple & SEC May Have Settlement Agreement at the Perfect Time
Ripple, the SEC and other parties have engaged in a lengthy court case over the last few years. In the past, both sides had fought each other. Ripple won several battles. These victories are also important developments, like the security of the XRP token.
The government has still requested a fine of $2 billion from Ripple as part of a settlement proposal. The company has rejected the proposal but there is some evidence that an agreement may have been reached.
This could not come at a more opportune time if it is the case. Rumors have spread that Ripple has reached a settlement with the SEC as the XRP value plummeted. According to a report, its losses have continued a 30-day decline of more than 21 %. CoinMarketCap.
![Ripple XRP Cryptocurrency](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/XRP-Forecasted-to-Surge-185-in-Price-Heres-When.webp.webp)
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But the most important question remains the validity of a rumored agreement. The final conference was held on Tuesday by both Ripple as well as the SEC before the presiding judge NEtburn. Closed-door sessions in the remedy phase are not new. However, they do serve as an engagement before a settlement.
Predicting the outcome is difficult because of the uncertainty. If a settlement is reached, it will have a positive impact on the XRP coin. It would also come at the time that the asset is most in need.
A settlement agreement reached this week will also allow XRP a larger role to play in the upcoming Bitcoin Halving Event. The Friday market impact is not to be underestimated. It’s scheduled for the 19th of April. The impact of this event should be felt by all market participants.
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Source: watcher.guru