United

when

Attorney Bill Morgan’s recent insights into the cryptocurrency XRP have sparked optimism among investors, suggesting a potential surge beyond its previous all-time high (ATH) of $3.4 within the year.&nbsp; 
Despite a lackluster performance in the midst of a broader market rally, Morgan has identified key factors that could act as catalysts for a significant price movement. On the other hand, there are potential talks of an XRP exchange-traded fund (ETF) in the near future, and Ripple CEO Brad Garlinghouse has<a href="https://thecoinrise.com/ripple-ceo-open-to-xrp-etf-foresees-expansion-in-etf-market/"> expressed optimism regarding the same</a>. 
<h2 id="span-style-font-weight-400-xrp-to-achieve-legal-clarity-span">XRP to Achieve Legal Clarity&nbsp;</h2> 
The first crucial element<a href="https://twitter.com/Belisarius2020/status/1766238449500356821"> outlined</a> by Morgan is the imperative need for XRP to achieve legal clarity. This milestone appeared to have been partially reached in July 2023, when Judge Analisa Torres ruled that XRP does not qualify as a security.&nbsp; 
According to Morgan, this decision holds immense significance and remains resilient to potential appeals from the Securities and Exchange Commission (SEC). He argues that such foundational clarity is pivotal in restoring investor confidence in the altcoin. 
<h3 id="span-style-font-weight-400-ripple-vs-the-sec-span">Ripple vs. the SEC</h3> 
Another critical step towards the cryptocurrency’s recovery lies in the resolution of the ongoing<a href="https://thecoinrise.com/sec-granted-deadline-extension-in-xrp-lawsuit/"> lawsuit between the SEC and Ripple</a>, the company closely associated with XRP.&nbsp; 
Initiated in December 2020, this legal battle has significantly impeded XRP’s market performance, preventing it from participating in the 2021 bull run that saw numerous cryptocurrencies reach unprecedented highs. 
<h2 id="span-style-font-weight-400-resumption-of-xrp-trading-on-us-exchanges-span">Resumption of XRP Trading on US Exchanges</h2> 
Morgan also emphasizes the resumption of XRP trading on United States-based exchanges as a substantial factor.&nbsp; 
This development followed Judge Torres’s assertion that Ripple’s programmatic sales on digital exchanges did not constitute security transactions. The anticipated reinstatement of XRP on major platforms is expected to boost liquidity and attract investor interest, potentially propelling the asset towards new highs. 
<h3 id="span-style-font-weight-400-unlocking-the-potential-of-odl-span">Unlocking the Potential of ODL</h3> 
In addition to the resumption of trading, the market is eagerly awaiting clarification on whether Ripple can continue selling XRP to its US-based On-Demand Liquidity (ODL) clients. Although not an immediate<a href="https://thecoinrise.com/xrp-army-urges-ripple-executives-to-address-price-decline/"> necessity for a price surge</a>, this aspect is deemed essential for unlocking the full potential of the aforementioned factors. 
Morgan suggests that even in the absence of a final resolution in the SEC lawsuit and clarity on Ripple’s sales to ODL clients, XRP has the inherent potential to surpass its ATH. Nevertheless, he underscores the instrumental role these factors play in unleashing the “deferred massive impacts” of legal clarity and the resumption of trading on US exchanges. 
The post <a href="https://thecoinrise.com/xrp-on-the-path-to-surpass-3-4-predicts-attorney-bill-morgan/">XRP on the Path to Surpass $3.4, Predicts Attorney Bill Morgan</a> appeared first on <a href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

XRP on the Path to Surpass $3.4, Predicts Attorney Bill Morgan

目录

TheCoinrise Media

发布于 2024年3月10日的其他文章

Taming the beast–four trends shaping the web3 data landscape | Opinion

Bitcoin to $150K in 12–18 Months: Tom Lee

Will Ethereum Hit $4,000? Why Presale Coins Like BlockDAG and Rebel Satoshi are Safer Choices

Appeals Court Reinstates Investor Lawsuit Against Binance

Bitcoin Hits $70,000, Ethereum Soars to $4,000, Furrever Token (FURR) Presale Makes History with ...

Claude Opus AI predicts Bitcoin price for the end of 2024

订阅我们免费的电子期刊，获取每日最新加密领域动态！