‘ETHGATE’ Anger Among XRP Coin Investors! What to Expect?

The Ripple community is criticizing the SEC’s perception of favoritism towards Ethereum. The disparity in the SEC’s treatment of XRP Coin and Ethereum is sparking outrage. Amonyx predicts an upward trajectory for XRP Coin in 2024. Accordingly, XRP may experience significant price increases against USD and BTC.

XRP Coin investors are angry about SEC’s Ethereum ‘Favoritism’!

The Ripple community thinks the SEC is showing favoritism towards Ethereum. That’s why they’re pretty angry. Moreover, the SEC’s stance leads to calls for legal action. The controversy stems from the SEC’s decision to drop its lawsuit challenging Ethereum’s security status shortly after approving the Ethereum ETF. This breakthrough draws sharp comparisons to Ripple’s ongoing legal battles with the SEC. Therefore, this fuels accusations of regulatory inconsistency.

Pro-Ripple analyst: This is an ETHGATE!

Bill Morgan, a prominent figure in the XRP Coin community, has been particularly vocal about perceived inequality. He argues that the SEC’s decision to give Ethereum a “second pass” nearly six years after the influential Hinman speech declaring that Ethereum was not a security is emblematic of the SEC’s inconsistent regulatory approach.

While this situation sparks anger among XRP supporters, an analyst with the pseudonym Digitalassetbuy describes the SEC’s actions as “criminal”. He also defends Ripple executives Brad Garlinghouse and Chris Larsen from filing a lawsuit with the SEC. He goes further and calls this debate “ETHGATE”. The analyst states that Ripple has spent over $100 million on SEC-related regulatory matters in the last three years. He also emphasizes that this is a financial burden not borne by Ethereum.

XRP Coin fluctuation is predicted in technical analysis

Cryptocurrency analysis firm Amonyx has published a technical assessment of XRP Coin price movements. Amonyx predicts a potential bullish trajectory for XRP against both USD and Bitcoin next year.

The XRP Coin USD chart shows a long-term ascending channel that has been continuing since 2014. This trend reveals that XRP always oscillates within its upper and lower parallel lines. The chart shared by the analysis company suggests a future projection that points to a potential upward move towards the 2.618 Fibonacci level. This claim points to a significant price increase with a possible peak around 2024. The “conversion zone” marked at the top right indicates a possible area for price consolidation or, on the contrary, reversal. The blue predicted path on the XRP/BTC chart indicates a potential uptrend towards the 1.618 Fibonacci level. This projection is consistent with the XRP/USD analysis. It also suggests significant value increases compared to BTC until 2024.

Meeting market demand

‘cryptokoin.com’ As you follow from, Ripple has officially launched RLUSD, a new stablecoin that can be used on both the XRP Ledger and Ethereum Blockchain. This strategic move, announced by Ripple CTO David Schwartz, aims to meet the growing demand for stable digital assets. It also aims to benefit from Ripple’s expertise in cross-border payments. Ripple’s approval of RLUSD’s launch platforms eliminates previous uncertainties. This clarity is invaluable to investors and stakeholders seeking sides on Ripple’s stablecoin strategy.