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John Squire's Commentary: Crypto commentator John Squire shared a video of SBI Holdings’ CEO Yoshitaka Kitao claiming that "$XRP will reach a very high price," emphasizing Kitao's influential position in the XRP ecosystem.
SBI Holdings' Stake: SBI Holdings is Ripple's largest external shareholder, owning about 9% of its shares, which adds credibility to Kitao's bullish prediction regarding XRP's potential price increase.
Ripple-SEC Case Resolution: The conclusion of Ripple's legal battle with the SEC has lifted uncertainty around XRP, allowing for potential new demand and institutional interest, although some restrictions remain.
Market Outlook: Kitao's optimistic view hinges on the belief that legal clarity will enhance XRP's market position, but broader economic factors and Ripple's strategic execution will also influence its price trajectory.
