XRP Price Could Surge by 1000% When Ripple and SEC Settle
The host of the ‘Discover Crypto’ YouTube channel believes that the price of XRP could experience a massive surge of 1000% once Ripple and the Securities and Exchange Commission (SEC) reach a settlement. He describes the ongoing legal battle between Ripple and the SEC as a “black cloud” causing uncertainty in the XRP market, which has led investors to trade with caution. However, he asserts that regardless of the fine imposed on Ripple, a settlement would be considered positive news and act as a trigger for the price surge.
Four Reasons for XRP’s Potential 1000% Surge
The crypto analyst outlines four reasons why he predicts a 1000% rally for XRP. Firstly, he suggests that a Ripple Initial Public Offering (IPO) could drive a significant rally as market makers and whales seek to create positive sentiment around the launch. He cites the Coinbase IPO as an example of market makers pumping Bitcoin’s price in 2021. Additionally, he anticipates that all crypto tokens, including XRP, will experience a pump post-halving, making it an opportune time to buy XRP at its current price of $0.50.
Hot Take: XRP’s Potential Upside
The host of ‘Discover Crypto’ asserts that if Ripple and the SEC settle their case, it could lead to an astounding 1000% surge in the price of XRP. This legal battle has created uncertainty in the market, causing cautious trading among investors. However, a settlement would be seen as positive news, triggering a rally in XRP’s value. The analyst also highlights other factors such as a potential Ripple IPO and post-halving pump for all crypto tokens that could contribute to this surge. With XRP currently priced at $0.50, it may be an opportune time to consider investing in this digital asset.
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