No matter which way you cut it regulation by enforcement will be ugly but if Ripple wins their case it will certainly be used by other crypto companies who are getting sued by the SEC. This reminds me of Garlinghouse saying that in the end only 1% of cryptos will survive. Not sure if will see a further pull back to $1.30 as support is building around the $1.45 area...I mean the smallest thing now a days can spook the market so it can certainly happen but positive news can shoot us right back up and beyond. The next thing to watch for is how the judge will respond to the letter that Ripples counsel just submitted to the court. If the judge responds favorably towards Ripple after what the SEC did in going behind the judges back in issuing over 51 subpoenas through international regulators to foreign companies (Ripple partners) the market will act very bullish towards it. Stay tuned....https://www.crypto-law.us/wp-content/uploads/2021/04/04162021_Letter-to-Judge-Netburn-from-Defendants-Garlinghouse-and-Larsen-on-Unlawful-SEC-MOUs-to-Foreign-Regulators.pdf
Keep an eye on BTC. I earlier thought a flash crash meant 60K now, but today that idea took a hike. BTC flirting with 58.8K atm. A further BTC drop will absolutely mean a further drop for xrp, despite what anyone says here. If BTC pops, I would also expect xrp to follow.
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