“Don’t pull the trigger,” says Top Investor about Ripple (XRP)

Ripple (XRP) Investors were mostly a happy crowd from the November Presidential Election. The cryptocurrency It is one of the greatest winners in the market and, even after the withdrawal from recent High, he gained over 380% in value because Trump’s victory.

Big gains fell on a positive feeling in crypto The space is given the new administration a much friendly attitude towards digital property. Specifically in the case of Ripple, the new regime offered the potential to remove the problem that had sour feeling.

If everything existed for a legal case, the camera was involved in the last few years. In December 2020. year, SEC sued Ripple, allegedly XRP was sold as unregistered security. In July 2023. year, the judge ruled KSRP is not security for retail, but was for institutional. Sex has appealed, maintaining legal uncertainty over the status of XRP. But last week, General Manager Ripple Brad Garlinghouse announced that SEC had dropped his appeal, thus finished the case. This led to the increase in the price of the KSRP and marked the victory for the crypto regulation.

But the rally didn’t last. The market has already burned in anticipation that Ripple will go to the top, so the SEC is a turn, while it is symbolically important, it has not caused a lasting move in the KSRP price.

Top investor Adam Spatacco echoed that view, saying it was not surprised by the SEC decision. “I found the occurrence of support for the crypto industry from the current administration as a sufficiently proxy to assume a positive outcome in a fishing suit,” the investor with 5 stars said.

So, with that regulatory cloud, the XRP was raised at the end of the purchase? Not necessarily, Spatacco says – at least not based on assessment. Currently, the KSRP market can be seated to $ 144 billion, putting it in front of giants like Boeing, Intel and Crowdrike.

To better understand the assessment of the KSRP compared to other payment networks, Spatacco extracts comparison with PayPal. According to statistics, PayPal commands 45% stake on the online market payment market, which makes it the largest processor globally. Nevertheless, the KSRP Market Cap is approximately twice the Paypal.

Meanwhile, the KSRP presence in the global payment market is “still pretty low.” Although in some places he gained traction, such as Japan, his adoption continues to lag behind traditional payment processors. In addition, the SEC case win is not transmitted automatically on current expansion options.

“Although I think the Perspectives of the KSRP look brighter, I review whether the current assessment is justified. Despite some good news from SEC, I do not see the CSRP as a convincing purchase in my current price,” I am concise concise. Spatacco (to watch Spatacco record, Click here)

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