XRP Price Expected to Hit ATH in 2024 Regardless of SEC Lawsuit: Opinion
Date: 2024-03-10 Author: Dima Zakharov Categories: BLOCKCHAIN
Bill Morgan's Optimistic Outlook
Renowned advocate Bill Morgan holds an optimistic view on XRP's future, anticipating a surge in its price. Morgan firmly believes that despite the ongoing legal battle with Ripple, XRP will surpass its historical peak of $3.84 during this bullish cycle.
Timing Matters
Morgan's confidence in XRP's rise stems from historical patterns and the current market dynamics. He advises investors to seize the opportunity while Bitcoin hits new all-time highs, as XRP remains relatively low, hovering around $0.62, presenting a favorable buying window.
Factors Driving Growth
Morgan emphasizes the importance of legal clarity regarding XRP's status, highlighting recent court decisions and the SEC's stance. He identifies four crucial factors for XRP's full potential realization, including legal clarity, lawsuit resolution, US exchange listings, and unrestricted utility by Ripple.
Remaining Challenges
While Morgan acknowledges progress, he underlines the remaining hurdles, particularly Ripple's institutional XRP sales penalties. Despite the significance of the ongoing lawsuit, Morgan maintains that XRP could achieve its all-time high this year, reflecting his bullish outlook on the cryptocurrency's future.
