David Gokhshtein Predicts XRP Price Surge if Ripple Prevails in SEC Case
The post David Gokhshtein Predicts XRP Price Surge if Ripple Prevails in SEC Case appeared first on Coinpedia Fintech News
One of the most well-known cryptocurrencies, XRP, has recently made news of its spectacular growth following the end of the “crypto winter.” Since March 21st, the token’s value has increased by about 49%, and it continues to rise. Many people now anticipate that even bigger gains may be forthcoming as XRP broke over a major barrier mark below $0.5.
Recent tweets by cryptocurrency entrepreneur David Gokhshtein, who thinks that a favorable settlement for Ripple could lead to large gains for the token, have only heightened the frenzy surrounding XRP.
XRP Price
XRP has been on the rise in recent days, adding 6% to its initial price at the time of writing and displaying an increase of 14% at one point as well. The token price also surpassed a key barrier level at about $0.51 per XRP, trading at its highest level since early May.
Ripple v. SEC
Observers in the cryptocurrency space and beyond have taken notice of XRP and the SEC’s action against Ripple. With recent changes in cryptocurrency regulation, Ripple’s ability to deftly deflect its rival’s charges may have surprised people who were previously indifferent.
Many experts, including cryptocurrency attorney and XRP supporter John Deaton and crypto analyst Alex Kruger, believe that a favorable settlement for Ripple could result in significant gains for XRP. Gokhshtein himself wonders how much further the XRP chart could climb if Ripple wins the SEC case against the cryptocurrency exchange.
XRP has the most attractive risk/reward ratio IMO. The Judge’s ruling is coming down w/in the next few weeks (maybe this week). If the SEC wins, what’s the downside from .45? Ripple appeals and we get the status quo. Ripple wins and its made clear XRP isn’t a security? Upside?
— John E Deaton (@JohnEDeaton1) March 26, 2023
What holds for XRP?
Investors are eagerly watching the XRP price chart and wondering how much higher it could climb in the event of a Ripple victory. As the cryptocurrency market continues to evolve, it is clear that XRP will remain a token to watch. The community is already optimistic about the coin performance and many shared their excitement on Twitter.
$XRP hit the highest price we've seen in 10 months!
Big congrats to the #XRP community for hitting this milestone
#XRPHolders pic.twitter.com/tH7qIzMNU2
— Uphold (@UpholdInc) March 29, 2023
Only time will tell how this legal battle will play out, but one thing is certain – the world of cryptocurrency will never be the same.
With so much at stake, the outcome of the Ripple v. SEC legal battle is sure to have a significant impact on the cryptocurrency market. As XRP continues its upward trajectory, investors will be keeping a close eye on the latest developments in this ongoing saga.
