Will XRP reach $10 since it’s not considered a security in the latest SEC lawsuits?

The XRP price has increased by 3% in the last 24 hours, reaching $0.529440. This has outperformed many other altcoins that have fallen due to the SEC’s legal actions against blockchain and Binance. XRP has risen by 3.5% in a week and by 20% in the last 30 days, and has also risen by 55% since the start of the year. XRP has been able to outperform much of the market partly because the SEC did not name it as a security in the aforementioned suits. However, it is worth noting that neither blockchain nor Binance.US list XRP.

With Ripple expected to secure a positive judgment or settlement in its own case with the SEC, XRP could be in line for some very big rallies soon. XRP’s indicators are in mixed positions, but the coin’s relative strength index has risen from 40 yesterday to nearly 60 today, indicating an increase in positive momentum. Similarly, XRP’s 30-day moving average has begun pointing upwards after flattening out a little bit yesterday, suggesting that the SEC’s latest actions haven’t impacted the altcoin too much.

Recent documents have emerged which revealed that the SEC had received legal opinion that XRP was not a security, with the disclosure of such documents undermining the regulator’s argument that Ripple had received fair notice of any likely action. Such a development raises the probability of a Ripple victory, in the sense of the company securing a summary judgment or settlement that will enable it to continue its business as normal.

XRP’s omission from the SEC’s recent actions against Binance and blockchain is probably more to do with the fact that blockchain and Binance.US do not list the altcoin, than with any new judgment on the SEC’s part. Still, the response to the omission highlights the market’s excitement surrounding XRP, which could easily rise to $1 and higher following a positive outcome for Ripple. And in the longer term, it could easily reach $5 in the next bull market, before pushing towards $10 in the next few years.

Traders may be advised to diversify their portfolios into other altcoins, in order to spread their risk. This could involve buying low-cap altcoins such as LUNC and PEPE, or it could also include investing in presale tokens, which may potentially rally big when they list on exchanges. A prime example of such a token is Wall Street Memes (WSM), a new cryptocurrency that has emerged out of the meme stocks movement associated with the 2021 GameStop and AMC rallies. Wall Street Memes has already raised over $4.8 million in the presale for its WSM token, with the offering beginning only last week.

The WSM token is a meme token and does not have any tangible fundamentals. However, it has already established a strong community that is ready to support its price and promote it, potentially attracting more investors.

The Wall Street Memes Twitter account has more than 225,000 followers now, and the fact that it raised almost $5 million in a week highlights how quickly it garnered interest.

Therefore, when WSM is listed on exchanges in the next few months, it could experience a significant rally, and investors can participate in its presale by visiting its official website.

Currently, one WSM token is being sold at a discounted price of $0.0277, although this will increase to $0.03370000 by the time the sale reaches its 30th stage. From there, it could easily climb to $0.1 or higher, generating substantial profits for early investors.

Visit Wall Street Memes Now

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