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Analyst Evaluates Current Situation in Ripple Labs-SEC Case: What Price Performance Will XRP Exhibit?

Sharing his ideas that the lawsuit between Ripple Labs and the SEC could result in a positive outcome, the analyst said that XRP may exhibit a high price performance in the future.

Analyst Evaluates Current Situation in Ripple Labs-SEC Case: What Price Performance Will XRP Exhibit?

Cryptocurrency analyst, known by the username “Credible Crypto” on Twitter, stated that XRP could show a very high price performance when the lawsuit between Ripple Labs and the US Securities and Exchange Commission ( SEC ) comes to an end .

XRP Comment from Analyst

The crypto analyst known as “Credible Crypto” on Twitter stated in a recent interview that the technical outlook indicates bearish for XRP. Pointing to the $0.50 price levels on behalf of potential value losses, the analyst said that these price levels are very critical for the popular cryptocurrency in line with past price movements.

While the analyst stated that the bearish movements may continue in XRP in the short term, he added that with the end of the lawsuit between Ripple Labs and the SEC, XRP may exhibit a very high price performance.

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How Will The Ripple Labs-SEC Litigation Change The Way To XRP?

Expressing that he does not have any predictions about the date of the end of the case in question, the crypto money analyst underlined that he believes that this case will eventually result in a positive outcome. The analyst said that with the positive outcome of the case, regulatory clarity will be achieved and XRP can start a strong upward trend. In addition, the analyst added that he has high amounts of XRP in his portfolio.

The information contained in this article does not constitute investment advice. Investors should know that cryptocurrencies carry risks due to their high volatility and should perform their transactions in line with their own research.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton Theblockchainnew.com he is the editor-in-chief of the news portal. Blockchain is love.

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