BitBoy predicts: XRP price can still go to $60 despite lawsuit with SEC

The developments surrounding the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple Labs continue to influence the XRP price. Today, further details of the SEC’s appeal were revealed in Form C, in which the authority explains its objection to Judge Analisa Torres’ ruling. In the summer of 2023, Judge Torres ruled that XRP is not a security, which led to a strong rally for the altcoin at the time.

Now that the SEC is challenging this ruling, the uncertainty surrounding XRP is growing again. Investors fear the possible consequences if the SEC is right on appeal. This has a direct impact on the price, which has fallen by 1.5% to $0.549 in the past 24 hours. In addition to appealing the ruling, the SEC also wants to reconsider the charges against Ripple CEO Brad Garlinghouse.

BitBoy remains bullish on XRP

Despite the SEC appeal, well-known crypto influencer BitBoy remains optimistic about the future of XRP. Via socialmediaplatform X he emphasized that the appeal will not impact the long-term prospects of XRP. According to him, the SEC is all about money.

BitBoy has been bullish on XRP for a long time. In his videos, he regularly makes price predictions and believes that XRP could rise as high as $60, which represents a spectacular 110x growth from its current price level.

Ripple’s response coming

With the filing of Form C by the SEC, Ripple is expected to issue its own document within seven days. In this form, the San Francisco blockchain company will explain its positions and respond to the SEC’s arguments.