- Many crypto analysts are reassuring the crypto community of the promise of XRP.
- Amid the US appeal possibility for XRP, uncertainty seems to be arising.
- Prominent figures are explaining why there is nothing to fear and remain bullish on XRP.
Bitboy, a well-known cryptocurrency influencer, remains undeterred in his optimism for XRP. He says the leading digital asset will thrive even amid the possibility of an appeal by the SEC. In fact, he says XRP will do well in spite of it.
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A key factor fueling Bitboy’s positive outlook is the recent relisting of XRP on various exchanges. The court ruling declaring XRP as not a security has allowed the token to make a comeback on US-based exchanges and beyond. This demonstrates the community’s resilience in the face of legal proceedings.
Bitboy’s confidence in XRP’s bullish future is further boosted by the appeal timeline set by pro-XRP lawyer John Deaton. Specifically, Deaton estimates that it could take up to two years for a decision to be made. This projection resonates with many XRP supporters, who see a bright future for the token.
In addition, Crypto Assets Guy, another prominent XRP influencer, shares Bitboy’s optimism. In particular, he believes that XRP will achieve a new all-time high in the fourth quarter of the year.
Meanwhile, Scott Melker, a well-known crypto influencer, stats that even if the SEC appeals the XRP victory, XRP will likely maintain its non-security status for at least two years. Thus, providing further support for Bitboy’s positive stance.
However, there are concerns among some cautious voices within the crypto community. Some suggest that institutions and investors might keep from fully commit to XRP due to the open court cases that could span the next two years.
For instance, company accountants and lawyers, who play crucial roles in investment decisions, might exercise caution before approving investments in XRP on behalf of their set firms.
In response to these concerns, John Deaton points out that major US-based crypto exchanges would not have relisted XRP if such fearful measures were warranted. However, he acknowledges that banks might adopt a more conservative approach, leading to hesitance in their engagement with XRP.
Despite differing opinions, Bitboy remains unwavering in his bullish stance on XRP. The evolving regulatory situation surrounding XRP continues to captivate the crypto community, and investors eagerly await further developments that will shape the future of this prominent digital asset.
As the appeal process unfolds and market conditions evolve, XRP’s potential trajectory remains a subject of great interest and speculation in the crypto space. While many crypto analysts share their XRP price forecasts, Bitboy says there is no fear within the XRP community at the moment, this bodes well for the asset’s future.
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