Ripple (XRP) delivered tremendous gains in the past, turning several investors into crypto millionaires before it got hit by an SEC lawsuit. Now that the project is almost rid of this legal issue, experts predict that it will embark on another spurious rally that could usher in life-changing gains.
If an investor were to jump on this bandwagon, how much XRP would they need to purchase? Or is there another crypto gem out there that could hasten the path to retirement? Read on to find out.
Ripple’s legal case takes a new turn
Donald Trump’s election victory turned things around for Ripple. The new administration’s pro-crypto sentiments ultimately ended in the SEC and Ripple agreeing to put an end to the years-long legal battle between them. A few weeks ago, both parties filed a joint motion to dismiss the case, with Ripple agreeing to pay a $50 million penalty.
However, Judge Analisa Torress in New York has rejected the motion. According to her, Ripple and the SEC have failed to satisfy the heavy burden the court must overcome to vacate the injunction.
This development throws a spanner in the works, but it is expected to be temporary. The settlement of Ripple’s legal case is only a matter of formality. The SEC is already at peace with the crypto firm, and that’s all that matters.
Ripple’s market cap remains above $140 billion and XRP is still the 4th largest crypto token in existence. Daily trading volume is significant as well. An average of $5 billion XRP is traded on exchanges each day. These metrics are positive signs for XRP and its future prospects.
XRP price prediction: Will Ripple continue rallying?
Ripple’s moving averages on the 50, 100 and 200-day periods currently signal a bullish trend. Experts believe the momentum could push XRP to $3.0, but it won’t be untoward should a pullback happen as traders take profit.
Nevertheless, this drawback should have an immediate support level around $2.4. The Relative Strength Index (RSI) indicator is below 50, and this reflects the drop from $2.65 in recent days. If headwinds overshadow demand, XRP price predictions could slide lower toward $2.0.
The bottom line
Ripple’s future continues to hang in the air despite the softer stance of the SEC towards it. Nevertheless, this doesn’t invalidate its status as a crypto bigwig and a top investment destination.
But for life-changing gains that hasten retirement, the go-to coin would be Remittix. Unlike Ripple, RTX just started its crypto journey, offering a PayFi protocol that allows anyone to send crypto as fiat into bank accounts anywhere in the world.
Given its potential and quality features, Remittix is set to replicate the many explosive rallies that XRP had. This makes its presale, where tokens are available for $0.0757, a unique opportunity to maximize crypto profits for the long and short term.
By the time Remittix launches on exchanges and goes viral, one can only imagine how high it could soar. It is set to reward early adopters with as much as a 100x gain, the kind of return that helps one retire early and live life to the fullest.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
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