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Ripple Wins Legal Battle—Is $4 XRP’s Next Target?
In a major development, Ripple has emerged victorious in its legal battle with the United States Securities and Exchange Commission (SEC). The verdict is expected to have far-reaching implications for the cryptocurrency market.
For those unfamiliar, Ripple was accused by the SEC of being a security rather than a currency. This decision would have had severe consequences for XRP’s status as a digital asset. However, the court has ruled in favor of Ripple, deeming it a valid cryptocurrency and not a security.
This news has sent shockwaves through the market, with many investors and analysts alike scrambling to understand the implications. In light of this development, I’d like to revisit a previous analysis from Steph is Crypto regarding XRP’s potential.
In his previous article, Steph recommended that investors buy XRP below $25 and sell above $75. While this advice was met with skepticism by some, it is essential to re-examine the context given the recent court ruling.
The Ripple win in court has undoubtedly boosted investor confidence and could lead to an influx of new capital flowing into the market. This surge in demand could be a catalyst for XRP’s price growth.
Source: https://www.crypto-news-flash.com/ripple-wins-legal-battle-is-4-xrps-next-target/?utm_source=rss&utm_medium=rss&utm_campaign=ripple-wins-legal-battle-is-4-xrps-next-target
