World

Read

<div class="cryptonews">
 <p class="is-style-lead">A popular crypto YouTube personality known as The Bearable Bull predicts major changes are <a rel="noopener noreferrer nofollow" title="coming" href="https://thebittimes.com/tag/coming.html">coming</a> for XRP and the broader crypto market around Nov. 19.</p>
 <p>In a video posted on Nov. 16, the influencer pointed to an important date on the horizon that could trigger a bull run for XRP and other altcoins. He cited the SWIFT global payments network’s plans to fully launch its new ISO 20022 standard on Nov. 19.</p>
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
  <div class="wp-block-embed__wrapper">
   <div class="rll-youtube-player" data-src="https://www.youtube.com/embed/OqGNkBWss7k" data-id="OqGNkBWss7k" data-query="feature=oembed" data-alt="*EMERGENCY RIPPLE/XRP WARNING: NOVEMBER 19th IS THE DAY IT ALL CHANGES | IMF CONFIRMS XRP"></div>
   <noscript><iframe title="*EMERGENCY RIPPLE/XRP WARNING: NOVEMBER 19th IS THE DAY IT ALL CHANGES | IMF CONFIRMS XRP" width="1020" height="574" src="https://www.youtube.com/embed/OqGNkBWss7k?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
   </noscript>
  </div>
 </figure>
 <p>ISO 20022 is a new messaging standard that allows more data to be included in financial transactions. It also enables interoperability between different systems. The Bearable Bull suggested the new standard will “begin” in three days as part of a series of upgrades to modernize the global financial infrastructure.</p>
 <p>He believes the timing aligns closely with Ripple’s vision for cross-border payments and its XRP cryptocurrency. Ripple has been working for years to disrupt the legacy SWIFT system with its blockchain-based network. The company’s executives have met with officials from the IMF, World Economic Forum, and other major financial institutions to promote XRP as a faster, cheaper bridge currency.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> What is PIVX, and why is it 160% up this week?
 </div>
 <p>The Bearable Bull theorized the November upgrade to SWIFT marks the start of real-world adoption for Ripple’s technology and XRP’s role in powering a new financial system. He pointed to comments made recently by IMF Managing Director Kristalina Georgieva, who said “the international payment system needs to be improved” and noted crypto is “not going away.”</p>
 <p>In the influencer’s view, the IMF’s remarks signal an embrace of digital assets to modernize global finance. He believes XRP is best positioned to solve liquidity problems in cross-border payments. The Bearable Bull cited Ripple’s victory in its long-running lawsuit with the SEC as removing regulatory roadblocks for XRP’s wider adoption.</p>
 <p>Overall, the analyst is extremely bullish on XRP based on the timing of the SWIFT upgrades, the perceived thawing of institutional opposition, and the possibility of an extended crypto bull run in 2023-2024. He urged viewers to prepare for major gains as global regulators and financial leaders ramp up adoption of blockchain technology and digital assets.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> dYdX Chain’s beta trading launch powers 67% price surge
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-says-xrp-may-see-huge-boost-in-coming-days-tbt70598.html">https://thebittimes.com/analyst-says-xrp-may-see-huge-boost-in-coming-days-tbt70598.html</a></p>

Analyst says XRP may see huge boost in coming days

TheBitTimes

Other articles published on Nov 16, 2023

Fhenix unveils first confidential blockchain offering EVM data processing with unbroken encrypted...

Crypto whale adds $180 mln in ETH after BlackRock’s ETF filing

BRICS To Spread De-Dollarization in Africa Through New Member Ethiopia

Google DeepMind and YouTube Collaborate on Music AI Tool Amidst Crackdown

Tether plans major expansion into BTC mining with $500M investment: Report

Data Shows Dogecoin Millionaires Are A Dying Breed Despite Crypto Market Recovery

Join our free newsletter for daily crypto updates!