The XRP community is rejoicing as trading begins on Atlantis Exchange, a U.S. Treasury Department registered exchange. This development may indicate that the SEC v. Ripple lawsuit is nearing a conclusion before a crucial deadline this week.
After a landmark court ruling last year that declared XRP is not a security, crypto exchanges have been listing and relisting the digital asset. The XRP community, also known as the ‘XRPArmy’, is currently celebrating a significant listing on Atlantis Exchange. The exchange has announced that it will list XRP, allowing users to buy, swap, and sell the digital asset. Importantly, Atlantis Exchange is registered with the U.S. Treasury Department.
According to the announcement shared on X, trading began on March 17 at 5:00 AM UTC with the trading pair USDB. The platform’s announcement suggests that the value of XRP could potentially increase by 100 times, urging investors not to miss out.
It is worth noting that XRP deposits on the platform are supported on the BNB Chain (BEP20), indicating that the integration of the XRP Ledger (XRPL) has not yet taken place. The exchange has also disclosed that the trading fee for the token is 0.2%.
Atlantis Exchange prides itself on being a global trading platform registered with the U.S. Department of the Treasury and the United Nations. Some members of the community speculate that this could be a signal that the ongoing Ripple v. SEC lawsuit is nearing a conclusion, especially considering the upcoming key deadline.
As previously reported by Crypto News Flash, March 22 is a crucial date for XRP and the wider crypto community. On this day, the SEC will present its opening brief for remedies, and Ripple will have one month to respond by April 22. Two weeks later, on May 6, the SEC will have its final opportunity to reply to Ripple’s opposition, as revealed by Attorney James Filan.
The new listing on Atlantis Exchange comes ahead of a potential settlement between Ripple and the SEC. Furthermore, there is speculation about a possible XRP ETF in the coming months. With a Bitcoin spot ETF already approved and a potential Ethereum spot ETF likely to be approved in May, experts believe that XRP could be the next in line.
There are also rumors of Ripple going public before the end of the year, which could provide XRP with greater exposure to investors and drive up demand and prices.
The general excitement surrounding Bitcoin and the upcoming halving could also contribute to the rally of XRP. In light of this, there is speculation that XRP could reach as high as $500. Currently, XRP is trading at $0.6044 after a 2% decrease in the last 24 hours.
As reported by CNF, Changelly has made forecasts for XRP until 2040, predicting significant growth. They anticipate a surge in XRP’s value, projecting a peak price of $629 by 2040. Their projections indicate that XRP could surpass the $500 mark in October 2040, with a maximum price of $529 during that month.
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