BitBoy, a million-subscribed Youtube crypto analyst, thinks that the legal litigation between Ripple and the SEC, which is expected to end this year, could be ‘explosive’ for the altcoin market.
BitBoy says XRP investors will get rich
XRP is poised to become one of the top performing cryptos after a positive case result. Ben Armstrong, commonly known as “BitBoy,” is among the analysts who defend this narrative. He recently claimed that the end of the legal dispute would signal a new wave of wealth for XRP investors who remained determined along the way.
BitBoy, in a statement on Twitter, stated that the conclusion of the Ripple-SEC lawsuit will mark the end of one chapter and the beginning of another. A positive litigation outcome could signal significant wealth gains for XRP investors.
Additionally, BitBoy stated that it expects the Ripple and SEC legal dispute to be concluded soon. However, the XRP community is skeptical of this claim, as it had previously predicted that the case would end in September 2021.
John Deaton hopeful for a favorable outcome for the altcoin market
John Deaton, CryptoLaw founder and pro-XRP attorney, shared that he is hopeful for a faster resolution to the Ripple-SEC case.
Deaton expressed his excitement over Bitcoin’s price action in excess of $30,000 and the upcoming Ethereum Shanghai update, but he believes that “Judge Torres’ wonderful and fantastic decision in the upcoming Ripple case could be XRP’s biggest week ever.”
Also, speaking about the possible timing of the Ripple lawsuit at the close of March, Deaton stated that he hopes the decision could come out in the next hour or take another 30 to 60 days.
Jeremy Hogan, an attorney at Hogan and Hogan, believes that Ripple will win the SEC case if the judge understands the crypto technology.
Altcoin analysts maintain bullish expectations in XRP
Analysts’ current statements are in line with previous statements regarding XRP’s growth potential. For example, Bitboy on Tuesday predicted that XRP could solidify its position as one of the best performing assets in the next bull run, provided Ripple receives a positive resolution in the SEC case without any appeal.
This claim is based on the idea that the conclusion of the legal battle will ease the pressure on XRP since the lawsuit began in December 2020. Despite prolonged legal uncertainty, XRP has currently performed impressively, up 42% over the past month.
BitBoy and most crypto analysts believe XRP’s recent rise in the face of the SEC lawsuit is testament to its potential to rise to unprecedented heights once regulatory pressure is lifted. cryptocoin.com As we reported, XRP broke a record in transaction volume in South Korean stock markets last week with the positive news from the case.
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