The price of XRP is still in a range of $ 2.10-2.20 in the past few days, but this does not prevent the Ripple community from continuing to spread different content about XRP, SEC and everything else.
Austin Hilton has released the veteran at Crypto, who was mostly positive about XRP in his videos to 344,000 subscribers on YouTube, just released a new video in which he explained why XRP may not explode after SEC’s positive news.
Realistic takes the future of XRP
In his last video, Hilton warns his viewers that XRP prices may not rise even after the SEC case ends. This may surprise many XRP fans, but Hilton says it is just realistic in the current market.
The rippal suit against the Supreme Education Council appears to end soon. The meetings were completed between the Ripple and SEC lawyer. Most people in encryption circles believe that the case has ended mainly. SEC also knows that, but they have not yet issued an official announcement.
Ripple was facing $ 125 million at first. Reports indicate that they reached $ 50 million. Some people believe that Ripple may pay this fine using XRP codes, but no one definitely knows yet.
Why the XRP price explosion may not occur
Hilton believes that XRP will not see a big jump when SEC becomes official. He does not try to spread fear – he only looks at the image of the largest market.
Since December, encryption prices have been flat. Even the great positive news did not transmit the market much. This indicates that the market lacks momentum at the present time.
The main reason that XRP may not explode in the price is that most traders already know that the lawsuit ends. This knowledge “at a price”, which means that the current XRP price already reflects this expected good news. When something is widely known before it is official, it often does not cause price movements.
Global issues also affect the market. Problems such as customs tariffs, Russia-Ukraine’s conflict, China tensions, and Middle East issues make investors careful. Many ordinary investors have withdrawn their money, which means the lowest trading volume and a lower opportunity than a great leap in XRP prices.
Although XRP may not see a significant increase immediately, the end of the SEC case is still very important in the long run. It gives Ripple, which is very important to work with large banks and financial companies.
With the end of the lawsuit, major banks such as Bank of America, City, Merrill Lynch, and JPMorgan may feel more comfortable in partnership with Ripple or using their payment solutions. New laws in Congress can help determine the rules of encryption companies, which will benefit from Ripple and XRP.
Hilton explains that he still holds XRP itself and hopes to increase value. But he believes it is better to be realistic in the market now. The fixed growth path may be healthier than expecting a sudden explosion that may not happen.
Also read: Ripple reached an agreement with SEC staff – but the XRP price is still at risk: Here is the reason for this
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