"Watch out investors, don't rush to buy when the price has gone up."
A lawyer who is a staunch supporter of the cryptocurrency Ripple (XRP) named John Deaton believes that traders will experience FOMO when the price climbs fivefold to reach $2.
Deaton also said that many traders and investors who were reluctant to buy XRP when it was below $60 will flock to the digital asset once it crosses $1.
It is widely known that he made the prediction after a federal judge decided to use Hinman's speech that Ethereum (ETH) is not a security in a court case between XRP and the Securities and Exchange Commission (SEC) of the United States (US).
Strictly XRP, Hinman's speech is one of the things that can prove the SEC absolutely cannot claim the digital asset as a security.
Last week, Deaton revealed that XRP's opposition had cited an SEC email regarding there being reasonable grounds not to believe the digital asset meets all of the Howey Test factors.
Although no decision has been reached so far, lawyer Jeremy Hogan is confident that XRP will be listed again on the US crypto exchange once a judge rules that the digital asset is a security.
As of this writing, the price of XRP has jumped by 5.28% to $0.52 in the last 24 hours with a market cap of $27 billion and is up around 14.96% over the last week.
