The legal tussle between Ripple, a cross-payments firm, and the United States Securities and Exchange Commission (SEC), is still raging and raising the expectation of many crypto enthusiasts who want to see Ripple comes out victorious.
Considering developments that emerged over the past weeks, one could say everything is going as planned for Ripple in its course to beat the SEC. Many financial and legal experts are also of the opinion that the case would end in the favor of the blockchain payment firm eventually.
Zakharova Expects Ripple to Win the Lawsuit
Natalia Zakharova, Head of Global Sales at FXOpen, the leading retail and institutional FX broker, has also aired an honest opinion in relation to the ongoing lawsuit between Ripple and the SEC.
In a recent interview, Zakharova said she expects the case to end in favor of Ripple even if it ends in settlement.
Natalia Zakharova noted:
“Many leading academics from major universities have already publicly stated opinions that the lawsuit is baseless and that Ripple will either win, or it will be settled in Ripple’s favor outside of the courtroom.”
XRP Price Could Gain Massively after Ripple’s Victory
In the course of the interview, FXOpen’s Head of Global Sales said there is a possibility for XRP to gain massively as soon as the case is concluded in favor of Ripple.
According to Zakharova, after the case is won or settled in favor of Ripple, “There is most definitely a possibility of its value accelerating dramatically.”
Zakharova’s Opinion Corroborates Credible Crypto’s Assertion
Credible Crypto, a popular pseudonymous crypto analyst and trader, had also aired something similar to what FXOpen executive recently asserted.
According to the famous analyst in an interview with Thinking Crypto, XRP’s technical indicators are currently suggesting more bearish action, but there are big fundamental reasons to resolutely hold XRP.
The trader said the ongoing lawsuit between Ripple and the SEC could eventually provide regulatory clarity for the digital token XRP, which is relatively bullish for the embattled digital asset.
He added that it may be too late for anyone waiting to hear the outcome of the case before buying XRP.
Credible Crypto noted:
“The reason why I still hold such a massive amount of XRP despite the sluggish price action is that I now kind of see it as a hedge against the rest of the market.
“If this SEC lawsuit ends – and I think it will, I don’t know when – but I think it will end ultimately favorably for Ripple and XRP and when it does end, XRP will essentially be the only crypto asset with regulatory clarity in the United States…
“When the case does get settled, you can expect XRP’s price to absolutely pop. So if you’re waiting to hear the outcome of the case to jump in, you’re going to be too late. So you’re placing your bets right now and if your bet pays off and XRP wins, XRP is going to rocket, and then everything else is at the mercy of the SEC, and we don’t know what’s going to happen.”