Ben Armstrong, a top YouTuber and crypto influencer popularly known as Bitboy, has picked XRP to be the top-performing crypto asset in the next bull market. This opinion comes as the summary judgment disclosure in the longstanding XRP lawsuit draws closer.
According to him, what would position XRP to be the asset that records the highest price gains in the next bull run is the outcome of the longstanding SEC v. Ripple lawsuit. The common belief is that a win for the United States Securities and Exchange Commission would send XRP downstream which could transcend into more red candles being seen in the wider crypto market.
The widely followed Youtuber submitted that a ‘favourable settlement with no appeal’ would be enough to send XRP to the moon and make it the best performer in the crypto market in the next bull that is gradually building up.
“In my opinion, as long as XRP gets at least a favorable settlement and no appeal, this will be the number one performing major coin of the next bull run,” Bitboy wrote. He added that “the suppression is almost over” for the sixth-largest cryptocurrency by market capitalization.
Following the XRP lawsuit filed against Ripple by the SEC, XRP experienced its worst days since its inception between 2020 and 2022. Beyond that, several top crypto exchanges including Coinbase were forced to cease support for the XRPL Ledger native token.
However, recent developments surrounding the two-year-long court battle and the optimism shared by Ripple CEO Brad Garlinghouse and the company’s President Monica Long have rekindled interest in the embattled asset lately. This saw XRP posting a gain of 58% in the first quarter of 2023.
XRP has equally appeared on the watchlists of renowned TA experts who have shared their respective bullish sentiments on the asset. According to Peter Brandt, XRP would touch $3 by the end of the year. Likewise, Egrag Crypto and Defender Dark project the crypto asset to peak at $27 and $133 respectively by the end of 2023.