- The influencer shared what he believes needs to happen before XRP’s price will surge.
- In related news, the price of XRP dropped slightly over the last 24 hours.
The crypto influencer BitBoy Crypto uploaded his latest video to Youtube yesterday. In the video, the influencer shared that he is growing increasingly bullish on the remittance token Ripple (XRP), given that the ongoing lawsuit between Ripple Labs and the SEC is expected to come to an end soon.
According to BitBoy Crypto, XRP will also be the best performing top 100 crypto during the next bull run. The influencer added that bullish momentum for XRP will continue to grow after a favourable outcome for Ripple in the case as top-tier exchanges will gradually start relisting the altcoin.
However, winning the case against the SEC will not immediately result in a meteoric rise in XRP’s price, added the influencer. Before the remittance token’s price can surge, XRP will need to no longer be considered a security and the SEC must not appeal the outcome of the case, stated BitBoy Crypto.
Should Ripple win the case and XRP no longer be considered as a security, as well as no appeal be made by the SEC regarding the outcome of the case, then BitBoy Crypto believes that traders will create a buzz around the altcoin. This potential euphoria around XRP will only strengthen since XRP will be the first regulated cryptocurrency, stated BitBoy Crypto.
At press time, XRP’s price did dip slightly over the last 24 hours according to CoinMarketCap. The altcoin’s price currently stands at $0.5219 following a 24-hour drop of 0.96%. Despite the 24-hour drop in XRP’s price, its weekly price performance remains in the green at +2.16%.
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