News Scrap

Amid the crypto bull run, the sentiments for $XRP Cryptocurrency continuously surging to the next level. Many crypto experts claimed that the $10 price level will be average for a $XRP coin.

In the present time, the current Fear & Greed Index Level is 72, which means greed among crypto investors is very high. Alternatively, we can say that the majority of the crypto investors are expecting only a sharp pump in the trade price of cryptocurrencies.

These days, many rumours & reports are taking birth in this innovative space around $XRP Cryptocurrency. For example, recently, some people started speculating that the world’s top fund manager, BlackRock, planned to invest multi-trillions in $XRP coin.

Later, many experts provided multiple facts about why it is only a rumour, & such big decisions are not possible for BlackRock.

Now, in the last two days, many rumours have been circulated that in the next few weeks, the United States Securities and Exchange Commission (SEC) body may drop the lawsuit against Ripple, a company behind the $XRP Cryptocurrency ledger (XRPL) development.

Just a few days ago, the newly elected US president, Donald Trump, confirmed his plan to hire Paul Atkins, a former SEC commissioner known for his support of the Bitcoin & crypto sector, for the next SEC chairman.

Some XRP Cryptocurrency enthusiasts said that the new SEC chairman would axe all the charges against Ripple, as the court ruling already clarified the legal status of the $XRP coin & also partially punished the Ripple executives with a fine over their past mistakes.

Popular crypto analyst shared with his followers that the impact of Gary Gensler’s announcement of his resignation already acted as a catalyst to pump the trade price of $XRP coin.

In this scenario, the majority of the crypto experts believe the trade price of $XRP coin may be high $10 in this bull run but some experts said that this target may not hit, because future & XRP lawsuits may take a bad turn, so crypto investors need to focus on positivity as well as negativity simultaneously before investing in $XRP.