BitBoy Crypto Predicts Massive XRP Price Surge with Ripple vs SEC Settlement
The post BitBoy Crypto Predicts Massive XRP Price Surge with Ripple vs SEC Settlement appeared first on Coinpedia Fintech News
BitBoy Crypto, a notable figure within the cryptocurrency sphere, has offered insights into the potential ramifications of a settlement between Ripple vs SEC regarding the ongoing legal dispute. He suggests that such a resolution could trigger a substantial surge in the value of XRP, Ripple’s native cryptocurrency. At the same time, a settlement might confirm that XRP is not a security, clearing up a big regulatory issue that has held it back.
XRP Price to Explode if this happens
In an interview with Fox News, BitBoy Crypto, also known as Ben Armstrong, shared his perspective on the matter, drawing attention to his sources’ indications of an impending settlement between Ripple and the SEC. He thinks this event could trigger an upside movement in XRP price, especially at the start of the bigger bull market. Armstrong’s claims have been met with interest and anticipation within the crypto community, especially among XRP investors who have been closely following the Ripple vs SEC case.
Latest update on Ripple vs SEC
The SEC v. Ripple lawsuit is nearing its conclusion, with both parties submitting final legal briefs. Today’s deadline marks an important step as the court will rule on sealing motions. If the court decides to keep Ripple’s information private, it could boost XRP’s price and make investors feel more positive. However, investors might be worried if the SEC gets its way and more details come out. After today’s hearings, the judge will decide which information will stay private. Then, within 14 days, the parties will make redacted versions of the documents public.
XRP to See Major Change, If
Even though a court previously said that XRP was not a security, the ongoing lawsuit has continued to impact the cryptocurrency. Price action has been slow because investors aren’t sure how XRP will be regulated, negatively affecting their trust in XRP. XRP’s value has hit resistance around $0.530 and support near $0.4965. It is currently moving around $0.515.
Moreover, BitBoy’s reference to a “parabolic run” in XRP’s price during the first half of the bull market underscores the potential magnitude of the anticipated price movement. A parabolic run typically shows there will be a massive price surge in a short duration, suggesting a significant uptrend for XRP if his prediction comes true.
XRP Price to hit $18?
In addition to BitBoy Crypto’s insights, another crypto analyst, Dark Defender, has offered his projections for XRP’s price trajectory. Utilizing the Elliot Wave theory, the analyst suggests that XRP could hit $18 during the bull run. However, he also acknowledges the possibility of short-term fluctuations, with XRP potentially experiencing a drop to $0.39 before initiating a bullish recovery.
Even with Ripple vs. SEC ups and downs, XRP is rising. Is it the right time to grab XRP before it rises? Tell us your views.
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