In a Major Milestone for the Crypto Sector, the U.S. Securities and Exchange Commission (SEC) Reached a $50 Million Settlement with Ripple

In a major milestone for the crypto sector, the U.S. Securities and Exchange Commission (SEC) reached a $50 million settlement with Ripple

A major milestone in the crypto sector was reached as the U.S. Securities and Exchange Commission (SEC) reached a $50 million settlement with Ripple, according to SEC filing on Monday, May 8. Following this significant development, Ripple’s XRP reacted positively with a 9.43% increase over the last 24 hours.

While the settlement request is still pending judicial approval, a number of market watchers and buyers are wondering: Will the SEC settlement push XRP to new highs? What is the price prediction of XRP?

In other crypto news, JetBolt (JBOLT) buying surge takes over. Since this red-hot altcoin’s presale began, it has sold over 350 million tokens and generated more than $3.2 million in sales. With momentum building fast for this zero-gas coin, can JetBolt’s token sales grow even more?

Read on to learn more about JetBolt’s presale details and the latest XRP news today.

XRP Price Prediction: Will XRP Reach New Highs Amid SEC Settlement?

The tides may finally be turning for Ripple and XRP. The SEC has officially filed for a $50 million settlement with Ripple, requesting Judge Analisa Torres to amend the final judgment.

According to Bob Mason’s report published on FXEmpire, once the injunction is lifted, the SEC and Ripple will ask the court to drop both the appeal and the cross-appeal. This would set the stage for the conclusion of the long-standing legal battle, which began in December 2020.

Chart showing XRP’s recent price action, sourced from CoinGecko.

Amidst these major developments, some analysts have shared bullish XRP price forecasts. Following XRP’s impressive price action over the past 24 hours, Mason suggests that if XRP successfully breaks above $2.50, a rally toward $3 may be likely. He also noted that XRP could test its all-time high of $3.5505 under favorable market conditions.

As of this writing, XRP is trading at approximately $2.29. Meanwhile, John Isige’s analysis on FXStreet echoes the same XRP price prediction. As buyers anticipate a clean slate for Ripple and XRP, a breakout towards $3 might be on the horizon for the cross-border payments token.

However, despite the positive sentiment, experts warn of bearish risks. Isige pointed out that if XRP drops to the $2.20 support level, a decline towards $2 could follow. Ultimately, XRP’s next major move hinges on the finalized SEC settlement and overall market conditions.

JetBolt (JBOLT) Buying Surge Takes Over

As market watchers zero in on Ripple’s final settlement with the SEC, another headline-worthy development unfolds as JetBolt (JBOLT) presale lights up the crypto space. Since its presale started, JetBolt has sold over 350 million tokens—a huge milestone for a relatively new token.

JetBolt continues its jaw-dropping presale run, fueled by its high-utility edge in the Web3 space. For instance, JetBolt’s game-changing zero-gas technology enables users to carry out blockchain transactions without incurring any gas fees.

Beyond its gas-free model, JetBolt attracts early adopters with its fun and user-friendly crypto-staking system. Stakers can earn additional rewards by simultaneously staking their JBOLT tokens and engaging with friends on the platform.

JetBolt also boasts its crypto market insights and news tool, a high-tech feature powered by artificial intelligence. This smart AI utility displays snippets of crypto news and information about the top cryptocurrencies, sorted according to market capitalization.

Notably, JetBolt sustains its explosive presale momentum with the help of its attractive presale perks. Early buyers can enjoy up to 25% extra tokens by purchasing Alpha Boxes or JBOLT tokens in batches.

In essence, JetBolt buying surge is taking over, as seen in its steadily increasing token sales—a reflection of this rising altcoin’s growing appeal among early buyers.

Check out the official JetBolt website today to learn more.