• The XRP community is currently excited about a potential resolution in the prolonged Ripple vs SEC lawsuit.
• The recent market volatility has sparked hope for an XRP rally and XRP price hitting $1 in June.
• Multiple events such as the Hinman documents, cybersecurity reports and “price before law” have fueled speculation within the community.
Ripple News: Top Reasons Why XRP Price Can Hit $1 in June
The cryptocurrency community, especially the XRP community, is currently buzzing with excitement about a possible resolution in the prolonged Ripple vs SEC lawsuit. Apart from that, the recent volatility in the market has sparked hopes for a potential rally with the price hovering near the $0.46 and $0.47 levels.
Potential Game-Changers for XRP
As explained by YouTuber ExtraVOD, June holds significant events that could be game-changers for XRP. According to them, June seems poised to be an explosive month for XRP, with multiple events looming on the horizon. The SEC vs. Ripple case continues to be a focal point of discussion, as the deadline for the Hinman documents approaches on June 13th. The outcome of this case could potentially have far-reaching implications for XRP and its status as a regulated digital asset.
Cybersecurity Concerns Impacting Crypto Market
Moreover, reports of Chinese hackers targeting critical infrastructure using novel methods have raised concerns about cybersecurity and its potential impact on the crypto market. These events, along with other unforeseen black swans, have contributed to an atmosphere of anticipation and uncertainty.
„Price Before Law“ Gaining Traction
He also said that the phrase “price before the law” has gained traction within the XRP community. It suggests that the price of XRP may experience a surge before any regulatory clarity or legislation is established.