What influence does Ripple’s ongoing SEC case have on the possibility of XRP reaching an extraordinary $500? Read on

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Over the past seven days, Ripple (XRP) has surged nearly 40%, reaching $0.6034 as of July 17. This spike in value has been driven by speculation and rumors, particularly surrounding the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

The excitement began on July 12 when news broke about the SEC scheduling a closed-door meeting at their Washington headquarters. 

This sparked speculation about a potential settlement in the Ripple case, causing an increase in XRP demand as investors grew hopeful for a favorable outcome.

However, not everyone is convinced by these settlement rumors. Former SEC lawyer …