Does Increase In XRP Signify SEC Deal?

Mike Novogratz made statements regarding the rally in XRP. The famous analyst stated that this increase in XRP indicates that a compromise may be reached between the SEC and Ripple.

While XRP price broke the $ 1.5 level, the bulls took action on the crypto side again. Galaxy Digital CEO Mike Novogratz touched on this rally in XRP. The famous analyst suggested that this could indicate that Ripple is making progress in reconciliation talks with the US Securities and Exchange Commission (SEC). So, does the increase in XRP signify SEC deal? There have been positive developments on Ripple, which has been fighting the SEC since last December. With the rumors about the SEC deal on the legal issue, things started to improve for Ripple. Considering that the company's equity is currently trading at just $ 2 billion in the secondary market, the former hedge fund manager Novogratz called that figure "crazy cheap." However, if Ripple is not close to a deal with the SEC, XRP feels "expensive" to him. [embed]https://twitter.com/novogratz/status/1380898768191688704?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1380898768191688704%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fbtcmagazin.com%2Fxrp-rallisi-sec-ile-ripple-anlasmasina-mi-isaret-ediyor%2F[/embed]

Ripple does not seem to be reaching a deal with the SEC anytime soon

Earlier today, XRP climbed to $ 1,496 on Birstamp, the highest level since January 21, 2018, and recorded a 281 percent rise in just one month. Stephen Palley of law firm Anderson Kill argues that XRP is unlikely to be linked to any possible compromise unless someone has some inside information. Palley admits that Ripple has outperformed expectations in reconnaissance wars, but points out that this problem may take some time to resolve: “Ripple has done better than I ever expected in front-action practice and exploration wars, but there is a long way from this to case resolution. I'd be surprised if there was an agreement before the summary judgment application, but maybe I'm missing something. "