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Can XRP Overcome Regulatory Hurdles and Soar? Crypto Lawyer Says Yes

Published 06/08/2024, 04:20 PM
Updated 06/08/2024, 04:45 PM
Can XRP Overcome Regulatory Hurdles and Soar? Crypto Lawyer Says Yes
XRP/USD
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  • XRP’s price continues to underperform despite positive analyst predictions.
  • Pro-XRP lawyer Bill Morgan remains optimistic, citing increased adoption and regulatory clarity.
  • Investor sentiment remains cautious due to regulatory uncertainty and Ripple’s XRP sales.

XRP, the cryptocurrency associated with Ripple Labs, continues to trade below its September 2018 high of $0.56 despite numerous analyst predictions of a breakout. Pro-XRP lawyer Bill Morgan offers a unique perspective on the token’s potential trajectory.

However, Morgan emphasizes that he doesn’t rely on charts to predict an XRP price rise. Instead, he applies the legal standard of the “balance of probabilities.” He believes that, based on recent developments, the price of XRP is more likely to go up than down.

These developments that Morgan attri…

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