CandleFocus Expert Says XRP Free to Run, Price Suppression Is Over
2024-10-19
Author: Content Editor
Zach Rector, a prominent commentator in the XRP community, believes that the "suppression" of XRP's price is over and that the token is now free to increase significantly. Rector based this sentiment on the lack of substantial negative reaction to the SEC's formal appeal application filed with the court. XRP's price has remained stable around $0.54, contrasting with the significant drops experienced during previous legal actions by the SEC. Rector argues that with its legal status clarified and the SEC not appealing the ruling that XRP is not a security, there is no reason why XRP should not participate in the current bull market.
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