The price of XRP has recently gained notable momentum, especially as legislation continues to develop in the cryptocurrency space. Notably, the US SEC has formally appealed the Ripple SEC case, sparking debate in the broader crypto market. But despite this, cryptocurrencies have managed to remain environmentally friendly while many experts consider them as one of the major altcoins.
What makes Ripple’s native crypto a game changer?
As evidenced by recent comments, it appears that many market analysts remain bullish on the XRP price. For example, crypto market favorite BitBoy recently praised the development of its Bitwise application for the XRP ETF. In his post, he said it could be a “game changer” for cryptocurrencies, something the market has been highly anticipating for a long time.
Source: BitBoy, X
In another X post, he shared his top altcoin picks for the “bull market” and received notable attention from investors. He updated the list of top picks and said, “Sometimes the best thing to do is to swap picks.”
Source: BitBoy, X
He also kept Ripple’s native cryptocurrency as the first or top coin on the list, saying the cryptocurrency “will dominate the world’s banks.” He also noted that if the XRP ETF is approved and Ripple moves forward with its IPO plans, it will help the cryptocurrency maintain its top spot this cycle.
Meanwhile, the bullish outlook sparked optimism in the market, especially amid heightened controversy following Bitwise’s recent ETF filing. Additionally, the latest US SEC appeal of the XRP case has investors who are closely monitoring the legal battle on edge.
XRP price soars amid cross-appeal speculation
Speculation about a possible cross-appeal by Ripple has sparked debate in the broader crypto market, as well as the XRP community. Additionally, Ripple’s CLO, Stuart Alderroti, recently criticized Ripple while stating that the company may consider a potential cross-appeal in this case, adding to the market discussion. is stimulating.
Against this backdrop, XRP price soared 1.5% today to trade at $0.5327, while trading volume decreased by 33% to $990.71 million. In the past 24 hours, the currency hit a high of $0.5384 and a low of $0.5172.
Meanwhile, a popular analyst recently said that the cryptocurrency could rise to $5 within days, reflecting the bullish sentiment in the market. Ripple’s recently launched payment solution in Brazil also sparked optimism in the market, further increasing the appeal of cryptocurrencies among traders.
Source: EGRAG CRYPTO, X
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Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial markets and has built a reputation as a meticulous investigative analyst and insightful journalist. He is passionate about exploring the dynamic nuances of the financial landscape. Currently serving as an associate editor at Coingape, Rupam’s expertise transcends traditional boundaries. His role includes breaking news, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam’s career has been marked by a deep passion for demystifying the complexities of finance and delivering impactful stories that resonate with diverse audiences.
Disclaimer: The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
