BitBoy Believes XRP Is Best Altcoin Bet For Future Bull Run
April 15 2023 - 8:55AM
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A popular crypto influencer, Ben Armstrong, a.k.a BitBoy, has
shared his views in a YouTube video expressing bullish sentiments
about XRP. Armstrong believes XRP will kickstart another bull run
after the upcoming summary judgment. His recent prediction hinges
on a summary judgment in favor of XRP. Related Reading: Ethereum
Soars To 11-Month High Amid Massive Staking Withdrawals Every avid
crypto participant knows that the SEC vs. Ripple summary judgment
will impact the industry. If the SEC wins, more crypto assets will
fall under its jurisdiction. But if Ripple wins, it becomes the
first crypto asset with regulatory clarity changing the narrative
for many other assets. Notably, BitBoy believes that if there’s a
settlement, XRP will soar. Bitboy Cites Reasons For Picking
XRP BitBoy mentioned in his latest video that the long battle
might end in June or July, given the closing trial calendar. He
also agreed that Judge Torres might deliver the summary judgment
anytime before then. Further, he reiterated that XRP could
only kickstart a bullish trend if Ripple wins the battle through an
outright win or settlement. But in BitBoy’s opinion, settlement is
preferable for Ripple to avoid any further appeal from the
commission, which will prolong the legal pressure on the
altcoin. Bitboy believes that if the win comes through a
settlement, the chances of XRP soaring will increase. The altcoin
will become a unique asset since it’ll be the only one declared
“non-security” after the tedious trial. Related Reading: Arbitrum
(ARB) Leads Top 50 Cryptos With Double-Digit Gain In Weekly
Rankings But, some top shots have expressed that a ruling will be
the decision, not a settlement. According to the Chief Legal
Officer (CLO) at Coinbase, Paul Grewal, a ruling will be the
outcome that will trigger an appeal from the SEC. Also,
CryptoLaw founder representing Ripple holders John Deaton shared
the same view stating that the case will not end in a settlement
between the two parties. XRP Will Soar Following Exchange
Relisting Another reason Bitboy said it would push the XRP
price was if top exchanges such as Coinbase relist it. Notably,
after the SEC’s case filing, many crypto exchanges delisted XRP
from their platforms, causing a price crash during that period. But
during the video, the influencer stated that if these exchanges
relist the altcoin after Ripple wins, the price will soar again.
This is not the first time the influencer shared such beliefs. On
April 4, he posted the same stance on Twitter, stating that XRP
will lead the next bull run if it wins without a possibility of an
appeal from the SEC. Also, on April 13, Bitboy stated XRP would
soon make investors rich, so they should stick with it. Notably,
the XRP price is still firm on the $0.5 level it attained on March
29. Also, it is still holding on to its seven-day price gain
showing a 0.19% increase in 24 hours. It’s hard to predict its
possible move in the coming weeks until the upcoming summary
judgment. Featured image from Pixabay and chart from Tradingview
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