XRP, With the shock of litigation in late 2020, it suffered a serious loss of value.
Although the case of XRP, which has been delisted from many cryptocurrency exchanges, is still not concluded, some dark clouds are disappearing.
Analysts are also coming out one by one and explaining their views on this.
One of the well-known cryptocurrency analysts Credible Crypto He also made important statements on the subject.
XRP’s Fateful Moment Is Coming
Popular cryptocurrency analyst U.S. Securities and Exchange Commission He thinks XRP will explode in full when the lawsuit filed by the SEC is over.
Speaking to the Thinking Crypto channel, the analyst stated the following about the subject:
XRP isn’t looking that great right now. I think from here $0.50 pWe will experience a decrease to the sinks and return to the weekly demand region. Again, I want to say that this is an important level because we’ve seen a significant upside jump from here before, and it came after 6 months of consolidation.”
In his statement on the subject, the analyst underlined that a jump similar to the previous one can be seen here, and underlined that he expects the explosion at this point.
Stating that he holds huge amounts of XRP despite bad price movements, the analyst emphasized that the price will rise whether XRP wins the case or not.
According to the analyst, those who are waiting for the results of the case may miss the price increase and regret it.
Stating that he does not know exactly what will happen next, the analyst thinks that the SEC is at the mercy of the SEC, but that the price will definitely react positively to every news at first.