Expert Believes XRP Will See a Big Price Rally. Here’s why

Software engineer and cryptocurrency expert Vincent Van Code responded to Ripple CEO Brad Garlinghouse’s announcement regarding the U.S. Securities and Exchange Commission (SEC) dropping its appeal.

Garlinghouse posted, “This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build.”

This statement confirmed that the long-running legal battle between Ripple and the SEC had effectively come to an end. The lawsuit, which centered on whether XRP should be classified as a security, had created significant uncertainty in the market for years. With the SEC choosing not to appeal, the ruling in favor of Ripple remains intact, removing a major regulatory risk for XRP.

Vincent Van Code’s Market Analysis

In response to Garlinghouse’s announcement, Van Code offered his perspective on the market’s reaction and what he expects to happen next. He suggested that while the resolution of the legal case is a positive development, it has not yet translated into a sharp price increase for XRP. Instead, the market appears to be in a holding pattern.

He elaborated on his expectations, stating, “As I have said in other posts, we will experience a price surge (I think I expected a bigger one), but the big moves will happen now as the big boys have no choice but to buy #XRP on the open market.”

Here, Van Code indicates that while there was an initial surge in price, the larger impact is yet to come. His mention of “big boys” suggests that institutional investors and major financial players will now need to acquire XRP through public markets, potentially leading to further price movement.

Institutional Adoption and Future Developments

Van Code also pointed to upcoming announcements that could further impact XRP’s trajectory such as “major bank usage, ETFs” etc.

If major banks integrate XRP into their payment systems, it would mark a significant step toward mainstream adoption. Additionally, the possibility of ETFs would provide institutional investors with a regulated way to gain exposure to XRP, potentially increasing demand.

Final Take on the SEC Case

Van Code’s final remark underscores his view that the SEC case, which had been a major obstacle for XRP, is now firmly in the past. With the legal uncertainty resolved, the focus shifts to how XRP will be adopted and how the market will react in the long term.

His reaction highlights both the significance of the SEC’s decision and the potential for XRP to experience further growth as institutional adoption progresses. The regulatory victory for Ripple has set the stage for the next phase of XRP’s development, with industry participants watching closely for what comes next.

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