In the world of Bitcoin and crypto money, some coins have a different place. Accordingly, they did not engage in an increase action during bull periods. As a result, they created negative situations for their investors. Ripple’s XRP is one of them. Now the case with the SEC is drawing to a close. So, where will XRP go?
Is XRP, not Bitcoin, ready to rally?
A popular crypto analyst believes XRP is poised for a triple-digit rally as the US Securities and Exchange Commission (SEC) decision on its lawsuit against Ripple approaches. Using a pseudonym, DonAlt addressed the 50,900 subscribers of the TechnicalRoundup YouTube channel. Accordingly, he emphasizes that XRP has a potential increase of over 100% from current levels. DonAlt emphasizes that he resumed his XRP purchases after profiting from the positions he entered in November 2022. Accordingly, XRP will outperform Bitcoin BTC.
DonAlt states that he bought XRP at the level of $ 0.475. According to him, the XRP narrative will come up again. Because the SEC case is almost over. According to DonAlt, if you are trading with leverage, the price will be on the upside. It also gives the probability of the disadvantage here. According to him, there is a risk of 10-15%. Regardless of the outcome of the case, DonAlt states that even a little positive news will benefit XRP. At this point, DonAlt even goes further, emphasizing the judge. He states that a small scowl from the judge will basically create a big pump for XRP. Therefore, according to Donald, the risk-reward ratio will indeed be much larger than Bitcoin BTC.
Risk free trading
DonAlt states that there is no risk-free trading for XRP as there is for Bitcoin. Therefore, it is beneficial for investors to be careful. Because according to DonAlt it’s an easy way to lose a lot of money. Also, according to DonAlt, the bullish thesis for XRP will be invalidated if the sixth largest crypto asset by market falls below $0.46. XRP is trading at $0.506 at the time of writing.
cryptocoin.com As we mentioned, XRP investors are acting with a long silence. Let us emphasize that XRP did not accompany this run, especially in the 2020-2021 bull season. Accordingly, XRP investors are waiting for the rise in Bitcoin for XRP as well. At this point, they are like a stone of patience. As a result, if there are no positive price reflections as a result of an SEC lawsuit, this may result in infuriation of investors.
