- A renowned influencer has hinted that April 16 could be the end of Ripple’s (XRP) multi-year legal battle with the SEC, while April 21 marks the beginning of a groundbreaking partnership with SWIFT.
- A popular legal expert expects Ripple to announce on or before April 16 that it has settled the case with the SEC or withdrawn its appeal.
According to the information disclosed by social media influencer John Squire, April 21 could become one of the most important dates in XRP’s history. His reason is that the much anticipated Ripple and SWIFT collaboration could cease from being just a mere rumor to a real development.
Elucidating this possibility, John Squire highlighted that Ripple and SWIFT’s partnership is nothing new. According to him, Ripple was an active participant in an interoperability pilot program started by SWIFT in 2023.
Amidst the backdrop of this, a prominent analyst identified as Finance Bull has recently argued that XRP and SWIFT differ in terms of transaction speed, transparency, and interoperability. As detailed in our last news piece, he expects XRP to be a huge disruptor to SWIFT and the traditional financial system.
That aside, John Squire made another revelation in his post, highlighting that XRP’s potential to record an explosive run to a historic level also hinges on a development that is expected to be witnessed on April 16.
Explaining this point, he disclosed that the underlined date marks the deadline for Ripple to send its final response to the US Securities and Exchange Commission (SEC). However, he provided no details to this effect. Fascinatingly, attorney Fred Rispoli clearly explained that April 16 could be the deadline for Ripple to file its appellate brief, as recently mentioned in our coverage.
Analyzing the situation around the case, Rispoli stated that there is only a 10% chance that Ripple would actually file it. His reason is that the blockchain company would likely announce a settlement or withdrawal of the appeal. Considering that the date is set in stone, the expert is certain that it could be the historic date XRP would officially break free from the grips of SEC.
According to John Squire, a victory for Ripple would be a global signal that could propel the growth of XRP.
If Ripple wins —and many signs suggest it has a strong case— $XRP would be free to operate legally and openly in the largest financial market in the world. That wouldn’t just be a legal win, it would be a global signal: XRP is no longer a “chased crypto,” but a legally backed digital asset.
Was April Intentional Chosen for XRP’s Growth?
From all indications, John Squire is highly certain that April 16 and April 21 were intentionally chosen as a “carefully coordinated strategy to close one chapter and open another.” Concluding his post, the crypto influencer cautioned that rumours do not always materialize, henceforth, his position should not be taken as financial advice. Even so, he stated that market participants do not take their eyes off April.
At press time, XRP was trading at $2.1 after surging by 21% on its 24-hour price chart. According to our recent analysis, XRP could reach $100 as long as institutional interest skyrockets and scarcity hits the market.
