Should you buy XRP now as Ripple calls for an investigation into William Hinman after documents were released?

The value of the cryptocurrency XRP has decreased by 4% in the past 24 hours, reaching $0.506899 after the release of the long-awaited Hinman emails to the public yesterday.

Despite the fall today, XRP’s value has increased by 18% in the past month, as the market increasingly anticipates a positive outcome to Ripple’s case with the SEC (Securities and Exchange Commission).

The release of the emails could help Ripple to secure a victory in the case, as they are using them to call for an investigation into the circumstances of the 2018 Hinman speech.

Victory in the case would likely cause the price of XRP to rise significantly, especially in combination with a bull market, potentially reaching new heights.

XRP Price Prediction As Ripple Calls for an Investigation Into William Hinman After Documents Were Released – Best Time To Buy XRP?

XRP initially increased to a year-high of $0.558968 in response to the release of the emails, but has since decreased, possibly due to profit-taking by investors.

The decrease in value has not completely stopped XRP’s momentum, as the altcoin’s relative strength index (purple) has risen back toward 50 today, signaling a recovery of momentum.

The coin’s 30-day moving average (yellow) remains in a mixed position, having risen yesterday but now slightly decreasing.

However, XRP’s support level (green) continues to rise, suggesting that any further dips will be small.

XRP is likely to resume its rise, as the Hinman emails strengthen Ripple’s case while weakening the SEC’s case.

The emails reveal the circumstances and internal discussions surrounding a speech by the SEC’s William Hinman in 2018, in which he declared that neither Ethereum nor Bitcoin were securities.

The emails disclose how the SEC spoke with Ethereum’s Vitalik Buterin prior to the speech, as well as how officials had suggested to Hinman that the speech may actually confuse the issue of whether or not cryptocurrencies are securities.

These emails strengthen Ripple’s fair notice defense, as SEC officials themselves acknowledge that the speech may be confusing.

Ripple is now calling for an investigation into how the speech could be given by Hinman, despite the apparent conflicts of interest (e.g. speaking with Buterin) and despite the internal disagreements over its content.

If Ripple secures a favorable outcome in its long-running case with the SEC, XRP is likely to rise to $1 in the following weeks and even higher, towards $2 or $3, if market conditions improve by the end of the year.

Buy XRP Now

Other Altcoins with High Potential

While things look promising for XRP, the case may not reach a conclusion for several months, meaning holders may have to wait longer for a substantial rally.

Fortunately, there are a wide range of newer altcoins that hold the potential for big gains in the shorter term, with certain presale tokens potentially looking forward to big gains once they list on exchanges in the next few weeks.

One trending presale coin is Wall Street Memes (WSM), a new altcoin emerging in the meme stocks movement, which was infamously responsible for the 2021 GameStop and AMC rallies.

A few weeks ago, Wall Street Memes launched the presale for its WSM token, which has impressively already raised more than $6.8 million.

Such a figure speaks to WSM’s existing popularity and how big its community could become once it launches.

Its Twitter account has more than 231,000 followers, representing a potential market for its token.

The presale is currently in its 13th stage, with 1 WSM now costing $0.0286.

This paragraph describes the expected price increase of a certain cryptocurrency. The price is predicted to increase to $0.03370000 by the start of the 30th and final stage. However, it is possible for the price to increase even more once the coin is listed on exchanges.

The paragraph also mentions that investors can participate in the presale by going to the official Wall Street Memes website and connecting their cryptocurrency wallets.

The last line is a call-to-action, encouraging readers to visit the Wall Street Memes website.

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