XRP price has gained notable traction lately, especially amid the ongoing legal developments in the crypto space. Notably, the US SEC has officially filed an appeal in the Ripple SEC case, which has sparked discussions in the broader crypto market. However, despite that, the crypto has managed to stay in the green, while many experts are viewing the crypto as one of the leading altcoins.
What Makes Ripple’s Native Crypto A Game Changer?
A flurry of market analysts appears to have remained bullish on XRP price, as evidenced by their recent comments. For instance, a popular figure in the crypto market, BitBoy has recently lauded the development of Bitwise filing for XRP ETF. In his post, he said that it could be a “game changer” for the crypto that the market was highly anticipating for a long.
In another X post, he shared his top altcoins pick for the “bull run”, which has gained notable traction from investors. He has updated the list of his top picks, saying “Sometimes the best move is reshuffling your picks.”
Also, he keep the Ripple’s native crypto as the first or top coin in the list, and said that the crypto is “set to dominate the world banking”. Also, he cited that if the XRP ETF gets approved and Ripple goes ahead with an IPO plan, it would help the crypto to remain at the top place of this cycle.
Meanwhile, this bullish outlook has sparked optimism in the market, especially amid growing discussions after Bitwise’s ETF filing recently. In addition, the latest US SEC appeal in the XRP lawsuit has kept the investors on edge, who are keeping a close track of the legal battle.
XRP Price Soars Amid Cross-Appeal Speculations
The speculations over a potential cross-appeal by Ripple have sparked debates in the broader crypto market, let alone the XRP community. Besides, Ripple CLO Stuart Alderoty has recently slammed the agency, while saying that the firm might consider a potential cross-appeal in the case, which has fueled market discussions.
Amid this, XRP price soared 1.5% today, and exchanged hands at $0.5327, while its trading volume fell 33% to $990.71 million. The crypto has touched a high of $0.5384 and a low of $0.5172 in the last 24 hours.
Meanwhile, a popular analyst has recently said that the crypto could rally to $5 in the coming days, echoing the bullish sentiment hovering in the market. Also, Ripple’s latest launch of payment solutions in Brazil has also sparked market optimism, which has further raised the appeal of the crypto among traders.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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