#xrp
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The founder of CryptoLaw, John Deaton, argues that certain crypto enthusiasts might be overly buoyant about how XRP's price would respond to the court's verdict in the SEC dispute.
XRP has indeed grown by a whopping 85% this year, but Deaton asserts that a fresh peak price would likely coincide with Bitcoin's bull run.
"Until Bitcoin breaks it’s ATH, I don’t expect anything else to," he shared. 
The Evolution of XRP: From Shitcoin to Respected Investment
The saga of Ripple commenced in 2012 and has since gone through numerous transformations involving developmental changes, rebranding, structural modifications, and changes in ownership. Still, it continually attracted banks and traders. Yet, that was merely the beginning of the trials... 
Investment fund Pantera Capital has forecasted a boost in Bitcoin's price following the forthcoming halving in April 2024, a pattern observed in the past.
With historical trends as a basis, they anticipate Bitcoin will hit $35,000 before the halving and surge to $148,000 by 2025.
Decisive events, like a positive court verdict for XRP and the greenlight for BlackRock's spot Bitcoin ETF, are expected to shape these potential outcomes. 
The current market landscape marks an unprecedented decline in liquidity, according to Bloomberg Intelligence's senior macro strategist, Mike McGlone.
If this pattern holds throughout 2023, he warns of a potential sharp descent in Bitcoin prices, which would ripple through Ethereum, XRP, and the general cryptocurrency domain.
“What should be early indications of recessionary times? The best indication should be bitcoin and that’s where I’m looking for the bleeding occasion from bitcoin and it’s still kind of showing what I expected.”
“Picture December: Recession looms, Fed hesitates on easing due to inflation,” said McGlone. 
US District Judge Analisa Torres in New York had previously indicated that XRP sales to sophisticated investors fulfilled the criteria for an investment contract under federal securities law
However, this characterization didn’t extend to programmatic investors, which pertains to the general public buying crypto through exchanges. 
