The post Ripple eyes $2 with new legal developments; RCO Finance is set to accelerate appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple nears $2 as legal news boosts investor confidence. Meanwhile, RCO Finance may surpass XRP with AI-driven gains. Ripple (XRP) is on the verge of ultra-bullish price action, with legal developments suggesting the token could hit $2 soon. As the SEC case unfolds, investor confidence grows. However, RCO Finance (RCOF) may outpace XRP’s gains. With its unique AI-driven trading and solid market performance, RCOF is positioned to achieve rapid growth soon. Let’s get the details.  XRP community remains calm amid SEC appeal speculation The XRP community has been closely following the latest developments in the Ripple-SEC lawsuit, particularly the possibility of an SEC appeal. However, legal experts have tried to soothe concerns and provide a more optimistic outlook for XRP holders. Attorney Fred Rispoli has stated that if the SEC does decide to appeal the case, there will not be a ruling until at least 2026. He believes that the SEC’s recent actions, such as suing exchanges and alleging that several tokens are unregistered securities, have “lessened the sting” of a potential appeal.  Rispoli also noted that the recent trial court ruling, considered favorable to Ripple, provides “plenty of cover” for the company’s institutional partners to use the XRP token.  Over the past week, XRP has been bullish. It is currently trading at $0.611, a 7.93% surge from last week. Meanwhile, top experts foresee an uptrend for XRP due to the potential price rally if the SEC loses its appeal and rising volatility. As such, XRP could surge above $2 in the coming weeks. On the other hand, a decline below the $0.574 support level could activate the 50-day and 200-day EMAs, pushing XRP below the $0.500 mark. RCO…

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Filed under: News - @ September 8, 2024 8:20 am