Ben Armstrong wrote that the XRP coin has a favorable outlook despite the fact that the U.S. Securities and Exchange Commission (SEC) intends to appeal the court’s decision. The court previously ruled that secondary trading of XRP does not violate securities laws. The cryptocurrency enthusiast agreed with lawyers’ assertions that a decision on the appeal could take up to two years, another reason to be bullish on XRP.
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“XRP will make a bull run no matter what.. The coin has been re-purposed for trading on multiple exchanges, so no one is afraid anymore,” Armstrong tweeted.
After a court ruled that trading XRP on cryptocurrency exchanges has nothing to do with securities, the coin has become available again on many cryptocurrency exchanges that had previously delisted it due to Ripple’s proceedings with the regulator. Specifically, XRP trading has been resumed by US-based Binance, as well as Canadian crypto exchange BitBuy.
Armstrong’s optimism about XRP’s prospects has resonated with many of the coin’s supporters. Some have speculated that XRP will hit a new all-time high in the fourth quarter of this year. However, other users are wary of buying XRP if a major legal battle with the regulator looms again in the coming years.
Earlier, Bitboy Crypto revealed how many XRP coins a cryptocurrency investor must have to become a millionaire. As for memcoins, Armstrong is confident that all of them, with the exception of DOGE, will devalue.