Renowned crypto analyst Credible Crypto says the XRP price will explode once Ripple finally completes its lawsuit against the SEC.
Regulatory clarity could turn out very well for Ripple
According to the analyst, Ripple’s price will skyrocket once the lawsuit with the US Securities and Exchange Commission (SEC) is finalized. In an interview with Thinking Crypto he said that the fundamentals suggest that the XRP price could go up massively.
According to him, it will be too late to buy XRP after the outcome of the lawsuit. This is because the pending lawsuit between Ripple and the SEC could eventually clarify the regulation of the XRP digital token, which is hugely optimistic for the token.
Despite the perhaps less good technical indicators, Credible explains why he still has large amounts of the XRP token in his possession.
“The reason I still own such a huge amount of XRP despite the slow price movement is that I now view it as a hedge against the rest of the market. If this SEC lawsuit ends – and I think it will, I don’t know when – but I think it will ultimately end favorably for Ripple and XRP, and if it does, XRP will essentially be the only crypto with clear regulation for the United States. This is a super big asset to Ripple. So you can expect the price of XRP to skyrocket then. So if you wait for the outcome of the case to intervene, you are too late. So you bet now, and if your bet pays off and XRP wins, XRP will skyrocket.”
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Ripple (XRP) Will Make Investors Rich
Recently, Ben Armstrong, a famous crypto trader with a YouTube following of 1.45 million and a Twitter following of 795K, stated that Ripple’s XRP digital token will make investors rich.
It was striking that a Fox journalist recently commented that it is very unusual that the SEC did not see Ripple as a security in 2018, but that they are now seen as a security by the SEC in the lawsuit. While Ripple has essentially not changed since 2018. So we still have to wait for the settlement of the case, but XRP has at least been experiencing a wonderful increase in recent days.
At the time of writing, the Ripple price is around $0.872. That means the price is up 14% in 24 hours and it has made a gain of more than 40% in a week.
