XRP Value is Now Up 9.29x Since the SEC Sued Ripple, Bullish ‘XRP Killer’ Forecasted to Match This in Only 54 Days

By December 6, 2024 No Comments

​Recent price explosion of XRP has piqued the interest of the cryptocurrency community as it represents a defining moment for Ripple Labs and its digital property. Since the lawsuit was filed by the U.S. Securities and Exchange Commission (SEC) against Ripple in December 2020 XRP has had phenomenal recovery, rising more than 9.29 times of its lows during the legal mud fight. That is not simply another market dynamic, it’s proof of changing regulatory landscapes that may have a hand in the new world of cryptocurrencies.

The Ripple Effect of Legal Battles

The SEC’s lawsuit alleged that Ripple completed an unregistered securities offering with the sale of XRP and designated it as a security. Over the past few years, XRP has become a defining narrative in the coin’s legal battle, which has caused its price to become unpredictable and volatile. But it appears the tide might be turning. The ruling from a U.S. court in favor of Ripple suggested XRP transactions on public exchanges do not qualify as a security, giving investors a sliver of hope. XRP’s price has jumped dramatically as the legal landscape moves alongside, recently passing the $2 mark and hitting new all-time highs not seen in years. The price increase is due to several factors, some of them being favorable regulatory changes and increased investors’ assurance in Ripple’s products and services. Speculation that an XRP exchange-traded fund (ETF) is also possible has further fueled the potential for XRP to rise in market position.

Enter RXS: The New Contender

While XRP is making headlines, another token is emerging as a potential rival: RXS. The focus of this token is Real World Assets (RWA) and the token positions itself as an innovative solution in the crypto space. At $0.125, RXS is proving to be a fast gaining crypto, with possible pricing of $0.150 in the next few days as demand rises and the presale goes on well. The presale of RXS has already raised over $21 million, indicative of the high level of investor interest and confidence in its capacity to disturb traditional financial systems by integrating real world assets into blockchain technology. RXS is poised for big growth as it plans to expand its market reach and take advantage of the new trend of tokenizing real world assets.

A Bright Future for RXS

It also doesn’t hurt that RXS has been predicted to reach $37 by the end of Q2 2025. This forecast projects that RXS could surpass XRP’s seven year journey to today’s valuation. RXS is developing at a quick pace and analysts see its value proposition, potentially becoming a significant player in the cryptocurrency market, and might even be named as an XRP Killer. Beyond its novel method, RXS has stood out for its security strength. Certik has audited the token and we can confirm it meets high standards in terms of security and reliability. Such measures are important because investors want some security as they deal with the volatility commonly associated with crypto.

https://twitter.com/rexasfinance/status/1857692542290059502

The cryptocurrency market inherently is volatile and is prone to changes based on a number of factors such as regulatory changes, technological advancements or macroeconomic trends. Ripple’s recent performance is a great example of how quickly the sentiment can change in this space. With legal victories and favorable political developments, investment in XRP has been rising, pushing its market capitalization above $100 billion and making it among the top three cryptocurrencies globally. During times of changing regulation, XRP remains strong and RXS is entering a market ready for innovation. As more and more investors look for projects beyond established tokens like Bitcoin and Ethereum, they are looking for projects that have real world utility and growth potential. The increase for both XRP and RXS is a defining moment in the cryptocurrency space. With XRP breaking records and becoming one of the top digital assets, RXS is following suit by focusing on real-world applications. Both tokens will face numerous regulatory challenges and market dynamics in the next few months. Analysts all believe that RXS will experience explosive growth within a short period, and are watching closely how this new player on the block will impact the way the cryptocurrency investment is done. By 2025, both XRP and RXS may well rewrite the definition of success in this fast changing sector, and prove that adaptability and innovation will be key to long term success in the world of digital assets.

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Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.