{"id":11220,"date":"2024-10-03T09:48:46","date_gmt":"2024-10-03T09:48:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=11220"},"modified":"2024-10-03T09:48:46","modified_gmt":"2024-10-03T09:48:46","slug":"xrps-price-could-explode-by-1100-if-sec-ripple-lawsuit-history-repeats-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=11220","title":{"rendered":"XRP\u2019s Price Could Explode by 1,100% if SEC-Ripple Lawsuit History Repeats: Details"},"content":{"rendered":"

TL;DR:<\/strong><\/p>\n

History shows that the SEC\u2019s actions against Ripple have had an immediate and drastic impact on XRP\u2019s price movements.
\nHowever, the latest crash could actually be a blessing in disguise for Ripple\u2019s token, as there have been four-digit price surges in the past.<\/p>\n

<\/a><\/p>\n

Can XRP Surge by 4 Digits?<\/h2>\n

It\u2019s safe to say that the lawsuit initiated by the US Securities and Exchange Commission has harmed Ripple\u2019s native token, and the developments from the past 24 hours only solidified this narrative. XRP stood above $0.6 yesterday but lost 15% of its value, and it now struggles at around $0.51.<\/p>\n

This all happened after the US watchdog decided to appeal<\/a> a previous court decision by a US judge claiming that secondary XRP sales did not constitute securities sales.<\/p>\n

Although the current landscape seems quite dire, history shows that it could turn out to be the start of a massive rally for XRP. Its price tumbled hard after the SEC\u2019s initial lawsuit in December 2020, and it took just over a week to bottom out.<\/p>\n

According to popular industry analyst Crypto Karlos, XRP shot up from $0.17 to almost $2 in the next four months back then. A similar 1,100% rally now would push its price to more than $6.<\/p>\n

For anyone in the #XRPCommunity<\/a> feeling distressed by the SEC\u2019s decision to appeal the ruling. #XRP<\/a> bottomed just 8 days after the suit was first announced. It then went on to rally nearly 1100% from 17\u00a2 to $1.98 in the following 4 months.<\/p>\n

That was with no backing from any court pic.twitter.com\/E7BBcQHr69<\/a><\/p>\n

\u2014 Crypto Karlos (@Crypto_Karlos) October 3, 2024<\/a><\/p>\n\n

Will XRP ETFs Have an Impact?<\/h2>\n

Just hours before the SEC\u2019s appeal, another important news regarding Ripple and its native token came out. Bitwise, a large crypto-focused company with already two active ETFs tracking BTC and ETH, said<\/a> it has filed in Delaware to launch such a product tracking the performance of XRP.<\/p>\n

Many analysts claimed that this is highly bullish for the current seventh-largest cryptocurrency. In fact, CrediBull_Crypto told their 423,000 followers that the XRP ETF will be the next approved in the States. Although this seems rather unlikely at the moment since the SEC is the US regulator that approves or rejects ETFs, a potential green light could be the propeller for a massive XRP rally.<\/p>\n

Yes, I\u2019m aware of the SEC appeal on the @Ripple<\/a> case, but at the same time in the last 12 hours (seemingly unbeknownst to a lot of crypto twitter) @BitwiseInvest<\/a> just filed for an $XRP<\/a> ETF.<\/p>\n

XRP will be the next approved ETF after $BTC<\/a> and $ETH<\/a> imo.<\/p>\n

As far as narratives go, I\u2026 https:\/\/t.co\/CBwx6IT9nc<\/a><\/p>\n

\u2014 CrediBULL Crypto (@CredibleCrypto) October 2, 2024<\/a><\/p>\n\n

The post XRP\u2019s Price Could Explode by 1,100% if SEC-Ripple Lawsuit History Repeats: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR: History shows that the SEC\u2019s actions against Ripple have had an immediate and drastic impact on XRP\u2019s price movements. However, the latest crash could actually be a blessing in disguise for Ripple\u2019s token, as there have been four-digit price surges in the past. Can XRP Surge by 4 Digits? It\u2019s safe to say that […]<\/p>\n","protected":false},"author":0,"featured_media":11221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11220"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11220"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/11221"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}