XRP lawyer John Deaton made a new comment that the price of the asset will rise. According to Deaton’s words, the digital asset has proven its strength despite challenges, including regulatory attacks and backlash from crypto industry players.
John DeatonCoindesk to your tweet In response, it touted XRP as the most resilient coin in the crypto industry to survive even a nuclear war, and topped the charts with impressive gains over the past few weeks.
$XRP went on a tear this week. In March alone, the token gained 39%.
“It appears that there has been a missing piece to this puzzle that explains a lot of what’s happening with XRP, and that is Korea,” @emilydparker says.https://t.co/s6gw0hue7i pic.twitter.com/r1XutnHpwF
NEWS CONTINUES BELOW— CoinDesk (@CoinDesk) April 2, 2023
According to Coindesk’s platform reports, Deaton’s latest comments come after the massive rally with XRP’s price surge of over 60% in two weeks. This happened despite the token being attacked and criticized by top industry leaders such as Cardano’s Charles Hoskinson and Vitalik Buterin.
As we reported as Koinfinans.com, prominent names in the crypto world have often criticized Ripple’s native token. Deaton, the lawyer representing XRP holders, preferred to be at the forefront of the press despite these criticisms.
Korean Crypto Investors Move Again: Here Are New Altcoin Preferences!
The frequent increase in interest of Korean investors in the asset helps the increase in price. The TV platform featuring Emily Parker, Coindesk’s executive director, highlighted these during the last broadcast.
Parker attributed the asset’s dominance to the growing demand for the token from South Korean traders. Also, SEC v. Ripple He noted that renewed optimism about the expected outcome of the case also contributed to XRP’s performance.
On the other hand, the biggest reason for this interest is the optimistic attitude towards the case. Many people, including CEO Brad Garlinghouse, believe that the case will be settled in favor of Ripple.
You can follow the current price action here.