“A win for the SEC could also impact other altcoins as they will likely be subject to more regulation,” Markus Thielen, head of research and strategy at crypto-services provider Matrixport, wrote in a note to clients on Monday. “However, if Ripple is successful in this case, XRP’s legality in the U.S. market will be solidified and help drive a price rally.”
Open Interest in XRP Surges to $800M as Crypto Traders Hope Ripple-SEC Verdict Will Bring ‘Alt Season’
