XRP Suppressed? Bitwise CIO Predicts Market Shock Post-Lawsuit
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Bitwise Chief Investment Officer (CIO) Matt Hougan expressed his views on the long-term regulatory battle surrounding XRP and its potential market response in an interview with Paul Barron Network. According to Hougan, cryptocurrency assets restricted by lawsuits may be greatly undervalued, with sharp market corrections likely after favorably resolving their legal entanglements.
XRP has been tangled with the Securities and Exchange Commission (SEC) since 2020, which accused Ripple Labs of unregistered securities offerings. The lawsuit has had a long shadow on the token, limiting its growth within the U.S. market and causing its major exchanges to be overturned in the past few times.
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Now, with the lawsuit likely to reach a final ruling by April 16, market participants are speculating on the future trajectory of XRP. Hougan weighed the matter, pointing out that resolutions could unlock a large number of potential demand and change the narrative surrounding assets.
“From my XRP specific 30,000-foot view, I think a large part of the cryptocurrency market has written it down or forgotten. And I think part of the market is wrong,” Hogan said.
What happens to XRP’s post-set?
One of the key gains of Hougan’s analyze Is the idea that XRP remains an unknown variable in the wider crypto landscape. Unlike Bitcoin (BTC) and Ethereum (ETH), XRP adoption and institutional inflows are different due to regulatory overhang. If the lawsuit allows the U.S. to adopt unrestricted adoption with clear conclusions, then the true potential of XRP in global finance can ultimately be realized.
“The reality is that XRP has been suppressed by lawsuits for years, and we don’t know what it can do on the global stage when it gets rid of these restrictions.” Although Hougan did not make a direct price forecast, he did point out that institutional and retail sentiment could turn rapidly if XRP gets updated regulatory clarity in the United States.
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The discussion also delves into Japan’s active adoption of XRP, SBI Holdings Leaders are allegations that integrate assets into their digital banking ecosystem. As noted in the interview, XRP has now surpassed Ethereum held by Japanese investors, demonstrating deep confidence in its future.
Paul Barron stressed that Japan’s approach could herald widespread adoption worldwide: “What SBI seems to be doing with XRP Michael Sealer Use with Bitcoin – Accumulate and position it strategically for long-term use institutions. ”
Hougan agreed, stressing that XRP’s role in international remittance and liquidity solutions remains insufficient, and the ongoing legal battle has hindered a more comprehensive assessment of its utility-driven demand.
Another major topic discussed is the possibility of XRP Exchange Traded Funds (ETFs). Hogan did not disclose any details Bitwise’s ETF Archive His progress in the Securities and Exchange Commission (SEC) highlights the company’s confidence. “We didn’t apply for entertainment for ETP. We applied for them because we think they can launch, we think there is a significant audience, and we think it’s an important asset.”
While some analysts believe that the legal troubles of XRP have been priced, Hogan’s comment concluded that the broad market still largely ignores potential upside space. If the SEC case is favorable, the re-inclusion of XRP on major U.S. exchanges, new institutional liquidity, and expanded adoption in the banking system could lead to market reconstruction events. Hogan stressed: “There is no guarantee that XRP will be a huge success, but there is no guarantee that it will not.”
At press time, XRP was trading at $2.12.
Featured images from YouTube, charts from TradingView.com
