XRP to Riches? Retire Early? 🥂

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Ah, John Squire, that darling of social media, has once again set the crypto world aflutter. Apparently, he’s declared that an XRP surge will “trigger countless early retirements.” One can only assume he’s not referring to early retirement from *thinking*. He posted this gem on X, suggesting Ripple investors could soon be sunning themselves on yachts, all thanks to a forthcoming bull run. Crypto traders, bless their optimistic hearts, are now wondering if a price rally is actually possible. One hopes they’ve got a good accountant lined up, just in case. 🧐

Particularly in light of a potential ETF approval and the U.S. SEC’s secretive little pow-wow—apparently designed to clarify the ongoing legal drama—market watchers remain rather taken with Squire’s bold pronouncements. Though whether that’s optimism or sheer giddiness remains to be seen.

John Squire Bullish On XRP Price? A Mere Fleeting Fancy, Perhaps?

Mr. Squire’s X post—oh, the power of social media—reflects a rather, shall we say, enthusiastic outlook on XRP’s long-term prospects. Early retirement, you say? The statement *could* be accurate, darling, due to a “stockpile of factors impacting the coin’s market sentiment lately.” Or it could just be wishful thinking. Let’s not get ahead of ourselves, shall we? 🙄

Ripple vs SEC Lawsuit: Clear Waters Ahead? Or Just Muddy Puddles?

The U.S. regulator is holding a closed-door meeting today, shrouded in more mystery than a Poirot novel, with much speculation about the Ripple lawsuit’s resolution. Apparently, this clandestine affair is expected to “clear the waters” after the SEC rather dramatically dropped cross-appeals. One pictures them flouncing out of court, muttering about better things to do.

Some believe an imminent settlement is nigh—tea and crumpets with the SEC, perhaps? Others, more realistically, assume a final resolution could take rather longer. Nevertheless, everyone is hoping for some regulatory clarity about whether or not XRP is, in fact, a security. One can only hope they bring a good dictionary.

Pro-crypto endeavors across America, including Paul Atkins’ appointment as the new SEC chair, collectively suggest the lawsuit could end in favor of Ripple. The native crypto, in that case, could leverage a bullish sentiment. Oh, the heady heights of optimism! ✨

ETF Odds Gain Weight. Or Is It Just Hot Air?

Simultaneously, the rising bets on a looming XRP ETF approval have added to the bullish sentiments. CoinGape earlier reported that “renowned market experts” (one wonders who these sages are) predicted a Ripple ETF approval would be shortly ahead. One trusts they’ve placed their bets accordingly.

On the other hand, Polymarket data shows that ETF approval odds in 2025 are at 75%. These developments collectively suggest that ETF approval by U.S. regulators lies ahead. Or they don’t. One never can tell, can one? 🤷‍♀️

XRP Price Overview

XRP’s price lost nearly 4% in value in the past 24 hours, closing in at $2.04. The coin hit a bottom and peak of $1.99 and $2.22, intraday. Today’s waning price action is in sync with a massive 1 billion token unlock from escrow. Oh dear.

Whale Alert’s data on X revealed that Ripple unlocked 1 billion coins, worth nearly $2 billion, from escrow recently. This unlock comes as a part of the firm’s strategic monthly releases that raise the asset’s market supply. As a result, the price today takes a hit, abiding by the law of supply and demand. CoinGape previously reported that Ripple also moved another 1 billion coins in light of its escrow endeavors. Clever, really.

Nevertheless, despite waning action and the massive token unlock, market sentiments about future movements are brimming with optimism amid recent developments. Well, someone has to be optimistic, doesn’t one? 🤔

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2025-04-03 14:07