Top Analysts Advise XRP Holders to Take Profit Before It Crashes The price of XRP recently surged above $0.57 and briefly reached $0.63, reflecting a massive 28% increase over the past three weeks from a low of $0.419. Despite this impressive recovery, Nick Valdez of YouTube channel Discover Crypto is raising alarms.
He advises XRP holders to consider taking profits, anticipating a potential price crash. What does this mean for investors, and should you take action now? Legal Victory Isnât a Guaranteed Victory Ripple, the company behind XRP, recently scored a major legal victory against the U.S. Securities and Exchange Commission, resulting in a $125 million fine instead of the $2 billion the SEC initially sought.
While the fine is significant, it is a win because it is 94% less than expected. Due to Rippleâs legal victory, the price of XRP has surged significantly, jumping more than 30% to $0.64. While the boost was significant, Valdezâs analysis suggests this may be a temporary gain.
The judgeâs ruling made clear that Rippleâs sales to retail investors do not violate securities laws, a decision that the SEC has unsuccessfully appealed.
