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HomeCrypto NewsMarketExperts Tout XRP as Only Crypto With Regulatory Clarity Among 22,932 Assets, Project Rally to $125

Experts Tout XRP as Only Crypto With Regulatory Clarity Among 22,932 Assets, Project Rally to $125


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Dig Perspectives and renowned chartist Egrag reiterate that XRP alone has legal clarity in the US while speculating on the possibility of the asset hitting $125.

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XRP has been on a downtrend in the past weeks following the prolonged market-wide correction. In particular, the fifth-largest crypto by market cap has recorded a multi-digit percentage decline over the past seven days.  

This bearish performance has elicited reactions from XRP community members and other market participants. 

The renowned technical analyst Egrag recently highlighted this situation, disclosing that some XRP proponents correlate XRP’s performance with other crypto assets. 

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XRP Maintains Regulatory Clarity

Egrag added that most XRP community members underestimate the potential of XRP, citing Judge Analisa Torres’ verdict in the Ripple vs. SEC case.

Recall that the federal judge ruled that XRP is a non-security against the SEC’s claims. Accordingly, the top market watcher reiterated that XRP is the only crypto asset with legal and regulatory clarity in the United States.

He wrote: “It’s worth reiterating that XRP maintains a unique position as the lone digital asset backed by well-defined legal and regulatory clarity.” While flaunting XRP as a reliable investment vehicle, he conveyed his bullish expectations for the utility token.

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The founder of the Digital Perspectives platform quickly concurred with Egrag’s stance. The social media influencer further touted XRP as the only crypto asset with legal clarity in the US among 22,932 assets with a combined market cap of $1.1 trillion.

Being the only crypto with regulatory clarity, the crypto expert believes XRP could perform outstandingly in the long term.

XRP To $125

Egrag’s disclosure also presents an ambitious price target for XRP. Amid XRP’s multi-week downtrend, he presented a likelihood for the asset to stage a rally similar to that of 2017. Per his chart, the asset rose from $0.0042 to $2.88 in 2017, representing an increase of 68,471%.

Citing this historical pattern, the crypto strategist expects XRP to claim the $125 price territory in the coming months.

This translates to an increase of over 24,000% at the prevailing rate. According to him, the increasing technological developments surrounding XRP and its regulatory clarity could fuel this probable price surge.

At press time, XRP is trading for $0.5179. The asset is down by over 13% and 27% in the past seven days and 30 days, respectively.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Ndianabasi Tom
Ndianabasi Tom
Ndianabasi Tom is a crypto journalist and content writer who has been talking about crypto and blockchain technology since 2018. With a knack for translating complex concepts into engaging narratives, he takes pleasure in educating and informing industry players about developments in space. Armed with industry expertise and a commitment to delivering accurate and thought-provoking content, he has produced thousands of articles including news and educational content for various projects and blogs, showcasing his versatility and dedication to his craft. He holds a Bachelor's degree in Petroleum Engineering.

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