Legal Expert Emphasizes Legal Developments to Initiate XRP Major Rally – Times Tabloid

General

XRP
has
remained
stagnant
around
the
$0.5
level
for
a
prolonged
period.
It
has
also
exhibited
downward
momentum,
dipping
below
$0.5
on
May
13
and
June
7.
At
the
time
of
press,
XRP
is
trading
at
$0.4924,
struggling
to
regain
the
$0.5
support
level.

This
stagnation
persists
despite
continued
analysts’
predictions
for
a
price
surge.
However,
prominent
lawyer
Bill
Morgan

offers
a
distinct
perspective
on
the
token’s
potential
trajectory.
He
emphasized
legal
developments
that
could
bring
the
increase
as
the
XRP
community
desires.




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Can
XRP
Regain
Upward
Momentum?

Morgan
pointed
out
that
he
does
not
depend
on
technical
analysis
and
price
charts,
but
employs
the
concept
of
“balance
of
probabilities”
from
civil
law.
This
suggests
that
recent
events
increase
the
likelihood
of
an
XRP
price
increase.
Some
of
the
developments
Morgan
highlighted
include:


Legal
Clarity:
Gaining
definitive
legal
clarity
for
XRP
would
eliminate
uncertainty
and
bolster
investor
confidence.


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Increased
ODL
Adoption:
On-demand
liquidity
(ODL)
leverages
XRP
to
facilitate
faster
and
cheaper
international
payments.
Growing
ODL
usage
translates
to
a
rise
in
XRP
demand.


XRPL
Enhancements:
The
XRP
Ledger
(XRPL),
which
powers
XRP
and
Ripple’s
numerous
financial
services,
has
undergone
amendments
to
accommodate
Non-Fungible
Tokens
(NFTs)
and
Automated
Market
Makers
(AMMs).
This
expands
XRP’s
utility
within
the
evolving
blockchain
ecosystem.


Strategic
Dilution
of
Ripple
Holdings:
The
measured
release
of
XRP
from
Ripple’s
escrow
reserves
aims
to
prevent
market
saturation
and
maintain
price
stability.
Morgan
suggests
that
the
continuation
of
this
strategic
process
could
help
XRP.


Expanding
Circulating
Supply:
A
gradually
increasing
circulating
supply
ensures
sufficient
liquidity
for
XRP
transactions,
and
Morgan
believes
it
could
also
help
XRP.




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XRP’s
Price
Makes
No
Sense

Despite
the
numerous
factors
that
could
aid
XRP’s
growth,
it
has
failed
to
sustain
upward
momentum,
causing
Morgan
to
say
its
price
“makes
no
sense.”
This
underperformance
has
also
frustrated
investors
seeking
significant
price
appreciation.

The
lingering
uncertainty
surrounding
crypto
regulation
remains
a
key
factor
impacting
investor
confidence.
Clear
regulatory
guidelines
are
paramount
for
a
comprehensive
assessment
of
XRP’s
prospects.

However,
Morgan
is
sure
of
one
thing:
if
the
market
rises,
the
price
of
XRP
will
climb
significantly.
A
crypto
expert
recently
set
a
$155,000
target
for
Bitcoin
and
predicted
a
significant
climb
for
XRP
following
Bitcoin’s
rise.
Bitcoin
often
causes
the
entire
market
to
rise,
and
a
massive
Bitcoin
surge
could
help
XRP
climb,
as
Morgan
has
predicted.



Disclaimer:
This
content
is
informational
and
should
not
be
considered
financial
advice.
The
views
expressed
in
this
article
may
include
the
author’s
personal
opinions
and
do
not
represent
Times
Tabloid’s
opinion.
Readers
are
urged
to
do
in-depth
research
before
making
any
investment
decisions.
Times
Tabloid
is
not
responsible
for
any
financial
losses.



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