Once a major participant in the bitcoin market, ripple has not seen its ATH of $1.98 in more than six years. The continuous legal fight the digital asset is engaged in with the SEC, which started in 2020, is mostly responsible for its slow comeback. XRP’s price as of right now is $0.5031; it dropped 0.50% over 24 hours and 7.32% over the past month. Many investors question whether this will be the time XRP at last returns to its past glory given the crypto market is about to experience a possible bull run. Alternatively, will its legal problems always loom large over the future?
SEC Lawsuit: The Major Roadblock for XRP
Stalling XRP’s expansion has been mostly caused by the SEC lawsuit Ripple Labs filed in December 2020. XRP is allegedly a security according to the SEC, and Ripple sold XRP in an unregistered securities offering. XRP has suffered major declines in both price and market attitude since the lawsuit was declared. XRP lagged, trying to break important resistance levels due to the uncertainty surrounding the case while most other major cryptocurrencies jumped to new highs during the 2021 bull run. Furthermore affecting XRP’s acceptance is the litigation. After the SEC’s disclosure, several exchanges halted or delisted XRP trading, therefore restricting its liquidity and availability to retail and institutional investors. XRP finds it difficult to rebuild the momentum it possessed before its legal problems started.
Will This Bull Run Be Different?
With the market ready for yet another bull run, opinions abound on which coins would be most successful. Once a top contender, XRP finds itself in a critical juncture. Is the course of this bull run altered? Alternatively, will XRP repeat its 2021 performance, where XRP battled to break out while most altcoins hit fresh highs? XRP may see a significant rise if Ripple settles its matter with the SEC before the bull run peaks. A favorable outcome would not only eliminate the legal uncertainty but also restore confidence among investors and exchanges. In this scenario, XRP might potentially outperform its competition, making a run for its prior ATH or even surpassing it. A satisfactory settlement would likely lead to XRP being relisted on major exchanges, enhancing its trading volume and market exposure. However, if the SEC case drags on without a resolution, XRP may find itself in the same situation as 2021. XRP performed underwhelmingly during that bull run when compared to other altcoins. XRP’s price stayed suppressed while the larger market surged and the legal overhang kept it from fully joining the bull run. If the lawsuit is not resolved, it’s hard to see XRP breaking past its 2018 peak, as the uncertainty will continue to weigh heavily on the price. While XRP’s future remains uncertain due to its legal entanglements, another project has been gaining significant attention: Rexas Finance (RXS).
Rexas Finance (RXS): A Better Investment for the Bull Run
Unlike XRP, which suffers from legal problems, Rexas Finance is ready to profit from the forthcoming bull run free from such considerations. With a user-friendly interface and strong tools for the development, administration, and trading of asset-backed tokens, RXS is concentrated on enabling everyone to access Real World Asset (RWA). With its token valued at just $0.07, Rexas Finance has raised over $5.75 million thus far in stage five of its presale. The project has sold out previous stages ahead of schedule, showing strong investor demand. The team behind Rexas Finance has also made a strategic decision not to pursue venture capital backing, instead enabling the public to participate in its presale, assuring a more decentralized distribution of tokens.
By entering the presale, investors are guaranteed nearly a 3x return when the token lists at $0.20, with market experts predicting that RXS could experience a 750x surge, reaching a potential ATH of $150. This tremendous upside potential offers peace of mind contrasted with the uncertainties surrounding XRP’s price fluctuation. XRP’s journey back to its 2018 peak is uncertain and heavily dependent on the resolution of its SEC legal case. While a favorable settlement could trigger a price explosion, the risk of the lawsuit dragging on remains. For investors seeking more predictable gains in the upcoming bull run, Rexas Finance (RXS) presents a compelling alternative. With its focus on RWA tokenization and strong presale performance, RXS is positioned to outperform many other altcoins in the market.
About Rexas Finance :-
Website: https://rexas.com
