XRP: Not Buried, Just Biding Its Time
Digital Currency XRP Still Alive and Kicking: Expert Prediction
It's been a rollercoaster ride for Ripple's native token, XRP. While it saw a significant surge post the US elections, it slowed down in Q1, despite Ripple seemingly winning its lawsuit against the SEC. But fear not, XRP's "death" has only been rumored-some say it's just taking a breather.
That's the perspective of a popular social media influencer with over half a million followers, who spilled the beans on why XRP might just be hibernating. Since its inception a decade ago, Ripple's ambition to boost adoption has been evident. With RippleNet active in over 55 nations, partnerships with heavyweights like SBI, Tranglo, and Santander, XRP isn't just some fresh face on the block.
This old dog has been learning new tricks for a while now. Its long-drawn legal tussle with the US Securities and Exchange Commission (SEC) is a testament to that. Although the SEC remains mum on the case's closure, Ripple's CEO made a triumphant announcement about the matter in mid-March. The influencer posits, "XRP is the sole top-10 coin to have tangled with the US government and survived."
As for institutional adoption and the potential for a Ripple ETF, the influencer points to the CME's upcoming XRP futures product and the ten applications waiting on the SEC's desk. Despite the SEC's recent delay in making a decision on one of these applications earlier this week, experts croon that it's only a matter of time before XRP follows in Ethereum and Bitcoin's footsteps.
The XRP Price Chart: A Bull's Playground
The technical outlook for XRP echoes previous predictions suggesting a potential price surge in the coming months. Since breaking the $2 mark in the final months of 2024, XRP has mostly stayed above that line. The Relative Strength Index (RSI) is cooling, and volume is steadily ticking up. Reminiscent of whales accumulating almost $2 billion worth of XRP in a single month, and whale addresses breaching the 300,000 mark, XRP's chart tells a clear bullish tale.
The influencer's final words, "smart money doesn't chase pumps, it buys when you're bored," hold weight, considering these whale activities.
[1] Ripple v SEC Settlement: What it Means for XRP[2] XRP Price Skyrockets 9% Post SEC Lawsuit Settlement[3] XRP Price Predictions Post SEC Lawsuit Settlement[4] XRP Adoption and Institutional Support in the Post-SEC Settlement Era
Disclaimer
This article provides insights into the XRP situation but is not financial advice. Always do your research before making investment decisions.
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- The influencer's prediction about XRP suggests that it might be in a temporary period of low activity, often referred to as hibernation, before potentially surging again, showcasing its resilience as a top-10 crypto asset that has faced and survived a legal tussle with the US Securities and Exchange Commission (SEC).
- The technical analysis of the XRP price chart indicates a bullish outlook, with the Relative Strength Index (RSI) cooling and volume steadily increasing, reminiscent of large-scale accumulation by whales, hinting at a possible price surge in the coming months.
- With the Commodity Futures Trading Commission (CME) introducing an upcoming XRP futures product and ten applications waiting on the SEC's desk for a decision, experts believe it's only a matter of time before XRP follows in the footsteps of Ethereum and Bitcoin, introducing opportunities for institutional adoption and potentially an XRP Exchange-Traded Fund (ETF).
