Experts assess XRP’s potential and consider it a “game-changer”
The post Experts Assess XRP’s Potential, Call It a “Game Changer” appeared first on Coinpedia Fintech News
XRP is seen recovering quickly from the significant selling pressure that forced its value towards the $0.50 level earlier this week. The figure marks a notable improvement from the $0.5101 low that XRP tested on Thursday after the SEC announced its intention to appeal. However, XRP is still nursing a 9.5% loss in its weekly performance.
While the SEC’s action has temporarily slowed XRP’s ongoing bull run, market observers like ModernInvest remain confident about XRP’s trajectory this cycle. In a recent video, the analyst argued that given all the momentum in the XRP ecosystem, it would be odd if XRP didn’t reach at least $20.
XRP - The Leading Altcoin?
Despite news of the SEC’s appeal in the Ripple SEC case, the cryptocurrency remained in the green, while many experts see it as one of the top altcoins.
Market analysts appear to have remained bullish on the price of XRP, as evidenced by their recent comments. Notably, a popular figure in the cryptocurrency market, BitBoy, recently praised Bitwise’s development of the XRP ETF listing. He shared that this could be a “game-changer” for the cryptocurrency that the market has been waiting for for a long time.
BitBoy updates list of top altcoins
He also shared his top altcoin picks for the “bull run” that has gained notable traction from investors. He updated the list of his top picks, stating that “Sometimes the best move is to reorganize your picks.”
He stated that if the XRP ETF is approved and Ripple moves forward with an IPO plan, it would help the crypto remain at the top of this cycle. The bullish outlook has generated optimism in the market, especially after Bitwise’s ETF filing recently. Investors are on edge and closely monitoring the legal battle.
XRP Price Soars Amid Cross-Feature Speculations
Ripple’s CLO Stuart Alderoty recently criticized the agency, saying the company may consider a possible cross-appeal in the case. XRP is currently trading at $0.5324. The cryptocurrency has reached a high of $0.5384 and a low of $0.5172 in the last 24 hours.
