Tony Edward Foresees XRP Rally upon Bitcoin’s Retracement Peak, Hinging on Ripple Lawsuit Outcome

Tony Edward Foresees XRP Rally upon Bitcoin's Retracement Peak

In a recent tweet, Tony Edward, the founder of the Thinking Crypto Podcast, shared his excitement for a potential XRP rally in the wake of Bitcoin’s retracement peak. Edward specifically identified XRP and Ethereum (ETH) as promising altcoins and expressed optimism regarding a favourable ruling by Judge Analisa Torres in the ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC). He believes that this ruling could catalyze XRP’s upward trajectory.

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Tony Edward Expects XRP Rally

Edward’s expectations for an XRP rally are closely tied to the outcome of the Ripple lawsuit. He predicts that as Bitcoin approaches its retracement peak, which is estimated to be around $40K, altcoins like XRP and ETH could experience a significant price surge. The anticipation of a positive outcome in the Ripple lawsuit has led Edward to adjust his investment strategy, planning to take profits during the projected rally. Additionally, he considers accumulating XRP for the macro bull run following Bitcoin’s halving next year.

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A prominent lawyer representing XRP holders in the Ripple case has argued that the cryptocurrency could potentially reach $10 following a victory in the lawsuit. Edward’s sentiments align with this viewpoint, and he is not alone in his assessment. A well-known Bitcoin maximalist has also publicly stated that XRP is a must-have coin in his portfolio. Commenters on Edward’s tweet echoed these sentiments, emphasizing that regulatory clarity and a favourable ruling from Judge Torres could position XRP as the go-to regulated non-security token, attracting substantial investment flows.

While there remains some uncertainty about the price action XRP might experience post-lawsuit victory, an XRP enthusiast has argued that XRP has the potential to deviate from Bitcoin’s traditional four-year cycles and exhibit unique price action.

It’s important to note that this discussion builds upon previous news surrounding Ripple’s legal battle and its potential impact on XRP’s future. The recent release of the Hinman emails, which have sparked further optimism for XRP, has added to the anticipation surrounding the lawsuit’s outcome.

 


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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
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