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BitBoy Crypto Predicts Massive XRP Price Rise With Ripple vs SEC Settlement
BitBoy Crypto, a prominent figure in the cryptocurrency sphere, has offered insights into the potential ramifications of a settlement between Ripple and the SEC regarding the ongoing legal dispute. According to him, such a resolution could trigger a substantial increase in the value of XRP, Ripple’s native cryptocurrency. At the same time, a settlement could confirm that XRP is not a security, resolving a major regulatory issue that has held it back.
XRP price will explode if this happens
In an interview with Fox News, BitBoy Crypto, also known as Ben Armstrong, shared his take on the matter, drawing attention to his sources’ indications of an imminent settlement between Ripple and the SEC. He thinks this event could trigger an upward movement in the XRP price, especially at the start of the larger bull market. Armstrong’s claims have been met with interest and anticipation within the crypto community, particularly among XRP investors who have been closely following the Ripple vs. SEC case.
Latest update on Ripple vs SEC
The SEC lawsuit against Ripple is nearing a conclusion, with both parties submitting final legal briefs. Today’s deadline marks an important step as the court will rule on sealing the motions. If the court decides to keep Ripple’s information private, it could boost the price of XRP and cause investors to feel more optimistic. However, investors may be concerned if the SEC succeeds and further details emerge. After today’s hearing the judge will decide what information will remain confidential. Subsequently, within 14 days, the parties will make public the redacted versions of the documents.
XRP to see major changes, if
Even though a court had previously held that XRP was not a security, the ongoing lawsuit has continued to impact the cryptocurrency. Price action has been slow as investors are unsure how XRP will be regulated, negatively impacting their confidence in XRP. XRP value reached resistance around $0.530 and support near $0.4965. It is currently moving around $0.515.
Additionally, BitBoy’s reference to a “parabolic run” in XRP’s price during the first half of the bull market highlights the potential magnitude of the expected price movement. A parabolic run typically shows that there will be a massive price increase in a short period, suggesting a significant uptrend for XRP if its prediction comes true.
Will XRP Price Reach $18?
In addition to BitBoy Crypto’s insights, another crypto analyst, Dark Defender, has offered his projections of XRP’s price trajectory. Using Elliot wave theory, the analyst suggests that XRP could reach $18 during the bull run. However, he also acknowledges the possibility of short-term fluctuations, with XRP possibly dropping to $0.39 before starting a bullish recovery.
Even with the ups and downs of Ripple Vs. SEC, XRP is rising. Is this the right time to grab XRP before it goes up? Tell us your opinions.