Crypto influencer BitBoy Crypto has expressed his growing optimism for Ripple’s remittance token XRP, citing the ongoing lawsuit between Ripple Labs and the SEC as a key factor. In his latest video uploaded to YouTube, BitBoy Crypto predicts that XRP will be the best-performing top 100 crypto during the next bull run. He believes that bullish momentum for XRP will continue to grow after a favourable outcome for Ripple in the case, as top-tier exchanges will gradually start relisting the altcoin. However, BitBoy Crypto notes that winning the case against the SEC will not immediately result in a meteoric rise in XRP’s price.
Before the remittance token’s price can surge, XRP will need to no longer be considered a security and the SEC must not appeal the outcome of the case, stated BitBoy Crypto. Should Ripple win the case and XRP no longer be considered a security, as well as no appeal be made by the SEC regarding the outcome of the case, then BitBoy Crypto believes that traders will create a buzz around the altcoin. This potential euphoria around XRP will only strengthen since XRP will be the first regulated cryptocurrency, stated BitBoy Crypto.
Despite XRP’s price dipping slightly over the last 24 hours, according to CoinMarketCap, its weekly price performance remains in the green at +2.16%. At press time, XRP’s price stands at $0.5219 following a 24-hour drop of 0.96%. However, readers are advised to do their own research and due diligence before taking any action, as the views and opinions shared in this price analysis are published in good faith and Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
In conclusion, BitBoy Crypto’s bullish outlook on XRP is largely based on his belief that Ripple will win the lawsuit against the SEC and that XRP will no longer be considered a security. If this scenario plays out, he predicts that traders will create a buzz around the altcoin, leading to a potential surge in its price. However, readers are advised to exercise caution and do their own research before making any investment decisions.
