2023-09-30 15:00:56 by NewsBTC

Following its victory against the US Securities and Exchange Commission, the XRP price has been displaying bullish sentiments, effectively gaining the attention of long-term investors seeking to buy and hold to gain more profits. In light of this, a crypto CEO has disclosed his insights on XRP’s bullish outlook, acknowledging the prospects of a bull run in the future. Crypto CEO Concedes Possible XRP Bull Run The market sentiment surrounding Ripple Labs’ native token, XRP has taken a bullish trajectory, increasing investors’ confidence and expectations of a possible bull run.  Related Reading: CRV Price Surges 16% – What’s The Next Move For Curve DAO Token? Matthew Dixon, Chief Executive Officer of Evai, a renowned crypto valuation platform, has recognized and highlighted this shift in market sentiment and aired his remarks on the token’s bullish position in an X (formerly Twitter) post on Friday.  A price surge for the XRP price may be inevitable according to Dixon who used market insights from well-known crypto market analysts who were bullish on the crypto as a basis for his belief. “Listening to other market commentators I hear a lot of Bullishness in the air for XRP. They may well be right,” Dixon stated. XRP price still holding at $0.51 support | Source: XRPUSD on Tradingview.com Dixon Exercises Caution Amidst XRP Price Bullish Sentiment  Amid the backdrop of crypto market volatilities and regulatory uncertainties that have plagued the XRP ecosystem, the cryptocurrency’s bullish trend comes as great news for the XRP community and its investors.  There have been many price predictions for the XRP token. Some market analysts have predicted that the XRP price may see an increase as high as $250. Another analyst also forecasted a price surge of 2500% for the XRP token, pushing the cryptocurrency as high as $20 in the future. XRP’s bullish trend started taking effect after its win over the SEC when US District Judge Analisa Torres ruled in favor of XRP, stating that programmatic XRP sales do not qualify as securities.  Market observers are presently watching the XRP price and the developments in its ecosystem closely. The cryptocurrency has had its fair share of gains and losses this year. Therefore, it remains to be seen if XRP can sustain its bullish sentiment.  Dixon has stated that he would remain cautious of XRP’s bullish momentum while waiting for more compelling evidence of a bull run in the future. The crypto CEO explained that he would remain a short-term investor to avoid significant losses. Nevertheless, he stated that he was also open to being a long-term investor of XRP if the prospects of a bullish run remain strong and the overheard resistance is overcome.  “I will remain cautious until that overhead resistance is convincingly breached. If it is I’m happy to go long but until then shorts are favored with close stop losses,” Dixon stated.  (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from: Invezz Scott Matherson Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. 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