Ripple CEO Predicts Doubling of Crypto Market Cap, XRP Price Sees Upswing Amid Legal Battle with SEC
• Ripple CEO expects crypto market cap to double to $5 trillion in 2024 due to factors like Bitcoin ETFs and 2024 halving event
• Pro Ripple attorney pointed out inconsistencies between SEC’s arguments and evidence regarding XRP price manipulation
• XRP price rebounded nearly 5% since April 4, currently trades around $0.59 and looks to break above key $0.60 level
• Partial court ruling said XRP is a security for institutional sales but not for retail programmatic sales, so mixed outcome
• Case remains in pretrial phase so still possibility of settlement between Ripple and the SEC