David Gokhshtein, a well-known media entrepreneur and crypto campaigner, shared his thoughts on the recent movement of the XRP price. According to Gokhshtein, the token’s price chart is currently “pretty dope.”
His rhetoric, though, suggests that this is far from perfect. “Imagine what could happen to the XRP chart if the SEC’s action against Ripple is settled in favor of the crypto business,” Gokhshtein asks.
Imagine what happens if they settle in Ripple’s favor…
— David Gokhshtein ®️ (@davidgokhshtein) March 29, 2023
XRP has continued its recent trend, and at the time of writing, Ripple’s native token is changing hands at $0.5402; it has added 6% to the initial pricing while also displaying a 14% increase at one point.
XRP/USD 4-hour chart | Source: TradingView
The media manager is not the only one who believes such a development will result in extraordinary success for XRP. The token’s price rose to its highest since early May, breaking over an incredibly strong resistance zone around $0.51 per XRP.
Earlier this year, John Deaton, a crypto lawyer, and XRP champion predicted that the regulator’s defeat in court would lead the token’s price to skyrocket. Another crypto researcher, Alex Kruger, has a larger perspective and predicts a full-fledged altcoin season if Ripple wins.
The crypto community and more traditional investors are becoming increasingly interested in XRP and the SEC case against Ripple.
Read more:
- Will A Ripple Victory In The SEC Lawsuit Kick-Off The Altcoin Season?
- XRP Dominates Korean Crypto Exchange With Surge In Price And Trading Volume
- Pro-Ripple Attorney Predicts Verdict In SEC Lawsuit Coming Soon