Ben Armstrong wrote that the XRP coin has a favorable outlook despite the fact that the US Securities and Exchange Commission (SEC) intends to appeal the court decision. The court previously ruled that XRP secondary trading does not violate securities laws. The crypto enthusiast agreed with the lawyers’ claims that the decision on the appeal could take up to two years, and this is another reason for the bullish trend of XRP.
“XRP will bull run no matter what. The coin has been re-listed for trading on multiple exchanges so no one is scared anymore,” Armstrong tweeted.
After the court ruled that trading XRP on cryptocurrency exchanges had nothing to do with securities, the coin became available again on many cryptocurrency platforms that had previously delisted it due to Ripple’s proceedings with the regulator. In particular, XRP trading was resumed by the American division of Binance, as well as the Canadian crypto exchange BitBuy.
Armstrong’s optimism about the prospects for XRP has resonated with many of the coin’s supporters. Some have suggested that XRP will reach a new all-time high in the fourth quarter of this year. However, other users are wary of buying XRP if there is another serious legal battle with the regulator in the coming years.
Earlier, Bitboy Crypto revealed how many XRP coins a cryptocurrency investor should have in order to become a millionaire. As for memcoins, Armstrong is confident that all of them, with the exception of DOGE, will depreciate.
Source: Bits
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