XRP is back in the limelight following a strong statement from Dom Kwok, co-founder of EasyA and a known XRP supporter. His remarks are generating renewed interest among investors regarding the potential for a significant breakout of the digital asset.
Dom Kwok's Statement on XRP
Dom Kwok expressed his belief that investors selling XRP now may face financial regret later, suggesting that the digital asset is on the verge of a major breakout.
Legal Steps by Ripple and SEC
Recently, Ripple and the SEC jointly filed a motion for an indicative ruling that could potentially reduce Ripple's fine to $50 million and lift restrictions on its operations. The SEC has also requested the Second Circuit to extend the pause on its appeal process until August 15, allowing Judge Analisa Torres more time to consider the proposal.
Expectations for ETF and Global Expansion
With the legal progress, anticipation is growing over a potential spot ETF for XRP. A favorable resolution to legal disputes could make XRP more accessible to traditional investors and attract institutional capital. Meanwhile, Ripple is advancing its international growth strategy, securing payment licenses in key markets and forming new partnerships worldwide.
The XRP market is on the cusp of change, with successful resolution of legal issues and potential ETF approval serving as significant catalysts for the asset's growth. Kwok’s statement emphasizes the growing sentiment among investors that now may be an optimal time to hold or accumulate XRP.
