Bitwise CIO Predicts Market Shift for XRP After Legal Resolution
Bitwise CIO Matt Hougan discussed the implications of the ongoing legal battle surrounding XRP in an interview with the Paul Barron Network. He indicated that XRP may be undervalued and could experience a sharp market correction following a favorable resolution to its litigation with the SEC, which accused Ripple Labs of conducting an unregistered securities offering.
The lawsuit has impeded XRP's growth since 2020 and led to its delisting from several exchanges. A potential ruling by April 16 may unlock significant demand for XRP if it allows unrestricted US adoption.
Key Points from the Discussion
- XRP remains largely overlooked compared to Bitcoin and Ethereum.
- Japan is aggressively adopting XRP, with SBI Holdings integrating it into its digital banking ecosystem.
- Institutional confidence in XRP is reflected in its surpassing Ethereum in Japanese investor holdings.
- The potential for an XRP spot ETF exists, though details on Bitwise’s filing are not disclosed.
- A favorable SEC case outcome could lead to XRP being relisted on major exchanges and increased institutional interest.
At press time, XRP traded at $2.12.
