This YouTuber Claims XRP Will Skyrocket Making Its Holders Rich, But How?
April 13 2023 - 9:00AM
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The ongoing legal tussle between Ripple XRP and the US Securities
and Exchange Commission seems close to its summary judgment, and
crypto influencer Ben Armstrong (BitBoy) believes that Ripple will
become one of the best-performing assets once the case ends. He
expressed his optimistic views on Twitter, stating that the
judgment will be the end of one chapter and the beginning of a new
one. BitBoy Bullish On XRP Ben Armstrong (BitBoy) is bullish on
XRP’s chances after the case. In his tweet, Armstrong declared that
the Ripple Vs. SEC case will end any time soon. Related
Reading: Yield Curve Reaches Historic Low, What It Means For
Bitcoin He further implied that the new trend is for XRP investors
to get rich from the asset. BitBoy believes that staying with XRP
and the XRP Army is the best decision for investors to get their
‘rations.’ Notably, BitBoy analysis faced criticism for predicting
that Ripple’s case would conclude in September 2021. He also
attested to his failed prediction, saying it was a one-off event.
However, he believes the trial calendar will soon expire;
therefore, a resolution is needed. Attorney John Deaton
shares similar views on the judgment timeline. Deaton, in an
interview, stated that Judge Torres ruling timeline reveals that
the summary judgment might occur before May 6, 2023. He pointed out
the fact that historically, Judge Torres’ summary judgments come up
within two months. Deaton listed scenarios where the summary
judgment followed within one-hour and one month for some cases.
Meanwhile, another crypto analyst, Ali, believes that XRP is
on the verge of a 47% surge. However, he stated it could only
happen if it secures a 3-day candlestick close above $0.54. The
analyst believes that a successful breakout could launch XRP to
$0.80. Nevertheless, the impending judgment is critical in XRP
price performance. How Is XRP Looking Today? XRP is recovering
today, forming a green candle on the daily chart. The brief
retracement in the last two days served as a consolidation point
for the asset. XRP is trading above its 50-day and 200-day Simple
Moving Averages (SMA), a bullish sentiment for the short and long
term. Notably, the 50-day SMA crossed over the 200-day SMA to form
a golden cross on April 4, reflecting the bullish pressure on the
asset. The Relative Strength Index (RSI) is 59.36, indicating price
neutrality. However, this indicator is moving upwards and
reflecting the prevalent bullish uptrend. Related Reading: Bitcoin
And Inflation: What’s Next For BTC After CPI Rates Came In Lower
Than Expected? XRP is currently trading at $0.507 with a surge of
about 0.51% on the chart and it will likely move into an uptrend in
the coming days. Featured image from Pixabay and chart from
Tradingview
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