For years, XRP investors looked forward to an outcome in the legal battle between Ripple and the American Securities and Exchange Commission (SEC). The end is finally there. Nevertheless, the well-known XRP advocate, with the appropriate pseudonym ‘All Things XRP’, calls on X not to expect too much of this.
Missed the boat
The expert calls on the community to stay on the ground with both feet. According to him, the majority of the win has already been brought in around the re -election of Trump, when many investors speculated on a rapid outcome of the court case. At the time, the token made an impressive jump, from a low point around $ 0.50 to a local peak of $ 3.39.
The all-time High (ATH) was not achieved except for a hair. But it was precisely that rally, he says, was caused by optimistic expectations around the sec case. That the XRP course goes through the roof after the Ripple court case? He considers that chance small. Many investors are now too late and have missed this boat.
There is hope
But, All Things XRP indicates that there is still enough to look forward to. According to him, the real opportunities are after the court case, when Ripple has free rein to take big steps.
Last month, Ripple CEO Brad Garlinghouse announced that the SEC drops its appeal against the company. At the moment, however, Ripple and the SEC are still waiting for a final approval of the settlement, which would include a reduced $ 50 million fine. According to rumors, the legal chapter can be officially closed around the end of May.
After the official completion of the trial, the expert expects that the real opportunities will arise. New collaborations with major players, increasing the practical applicability of XRP, or other strategic moves of Ripple, those are the steps that the digital currency can really help. Smart investors therefore do well to stay sharp, because exactly there could just start the next large price movement.
Source: https://newsbit.nl/xrp-gaat-niet-stijgen-als-rechtszaak-eindigt-zegt-expert/
