Amid the cryptocurrency bull run, sentiments for the $XRP cryptocurrency are continuously rising to the next level. Many crypto experts claimed that the $10 price level will be the average for a $XRP coin.
Currently, the current level of the fear and greed index is 72, which means that greed among cryptocurrency investors is very high. Alternatively, we can say that most cryptocurrency investors are only waiting for a sharp increase in the trading price of cryptocurrencies.
These days, many rumors and reports are emerging in this innovative space around the $XRP cryptocurrency. For example, recently, some people began speculating that the world’s top fund manager, BlackRock, was planning to invest billions in dollar XRP coins.
Later, many experts provided multiple facts on why it is just a rumor and why BlackRock cannot make such important decisions.
Now, in the last two days, many rumors have been circulating that in the coming weeks, the United States Securities and Exchange Commission (SEC) body could withdraw the lawsuit against Ripple, a company behind the development of the ledger. cryptocurrency $XRP (XRPL). .
Just a few days ago, newly elected US President Donald Trump confirmed his plan to hire Paul Atkins, a former SEC commissioner known for his support of the Bitcoin and cryptocurrency sector, as the next SEC chairman.
Some XRP cryptocurrency enthusiasts said that the new SEC chairman would drop all charges against Ripple, as the court ruling already clarified the legal status of the $XRP coin and also partially punished Ripple executives with a fine for their past mistakes.
The popular crypto analyst shared with his followers that the impact of Gary Gensler’s announcement of his resignation has already acted as a catalyst to boost the trading price of the $XRP coin.
In this scenario, most crypto experts believe that the trading price of $XRP coin may be high by $10 in this bull run, but some experts said that this target may not be achieved, because future demands and XRP can take a bad turn, so cryptocurrencies Investors should focus on both positivity and negativity simultaneously before investing in $XRP.
Also Read: Fake Ripple CEO Successfully Promotes $XRP Coin Investment Scam: Scam Alert
