Mirror

Stride

Read

<ul> 
 <li>XRP enthusiast notes 2017 ATH pattern resemblance, hints at potential bull run.</li> 
 <li>This surge has been awaited since XRP classified as non-security, setting precedent.</li> 
 <li>Ripple CEO hints at US banks adopting <a href="https://cryptonewsland.com/xrp-transforming-cross-border-payments/">XRP for payments</a>.</li> 
</ul> 
<p>In a recent analysis, a devoted Ripple and XRP supporter has pointed out striking similarities between the current <a href="https://cryptonewsland.com/xrp-price-prediction-2023-to-2031/">XRP price</a> chart and its movements in 2017 when it reached its all-time high (ATH). Speculation arises whether this pattern indicates an imminent XRP bull run. One potential catalyst for this surge could be the increasing adoption of XRP by major US banks.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">You guys. <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> is following the same exact pattern it did in 2017 for the last 16 days !<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Has time almost arrived?! <a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw">#XRPCommunity</a> <a href="https://twitter.com/hashtag/XRPHolders?src=hash&amp;ref_src=twsrc%5Etfw">#XRPHolders</a> <a href="https://t.co/YVeoezB9DH">pic.twitter.com/YVeoezB9DH</a></p>— Stephanie Starr (@StephanieStarrC) <a href="https://twitter.com/StephanieStarrC/status/1748919999295631559?ref_src=twsrc%5Etfw">January 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Following a <a href="https://cryptonewsland.com/ripple-wins-lawsuit/" target="_blank" rel="noreferrer noopener">legal battle</a> with the Securities and Exchange Commission (SEC) since 2020, Ripple has overcome regulatory challenges. The 2023 court ruling by Judge Analisa Torres, classifying XRP as a non-security, granted the cryptocurrency legal clarity. This distinction from other digital tokens sets a precedent for its future use, marking a turning point for Ripple.</p> 
<p>Ben Armstrong, a prominent figure in blockchain, emphasizes the <a href="https://cryptonewsland.com/coinbase-relists-xrp-after-judge-torres-rules-its-not-a-security/" target="_blank" rel="noreferrer noopener">significance of this legal victory</a> for XRP’s vision. Judge Torres’ decision validates Ripple’s long-term strategy and adherence to regulatory standards.</p> 
<p>Ripple responded to challenges by enhancing <a href="https://ripple.com/" target="_blank" rel="noreferrer noopener nofollow">RippleNet</a> and introducing On-Demand Liquidity (<a href="https://ripple.com/lp/payments-by-the-numbers-guide/" target="_blank" rel="noreferrer noopener nofollow">ODL</a>). The latter addressed a previous flaw, requiring banks to hold XRP for transactions. The strategic shift, aligning XRP’s utility with its adoption, enhances its relevance in international banking transactions. This change is seen as a crucial value proposition, potentially broadening XRP’s adoption.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Ripple CEO Brad Garlinghouse breaks down the impact of the new Bitcoin ETFs and the future of crypto regulations <a href="https://t.co/8McHdfijhL">pic.twitter.com/8McHdfijhL</a></p>— Mornings with Maria (@MorningsMaria) <a href="https://twitter.com/MorningsMaria/status/1747979054874067159?ref_src=twsrc%5Etfw">January 18, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Ripple CEO Brad Garlinghouse hints at a groundbreaking shift, indicating US banks’ imminent adoption of XRP for international payments. This development holds immense significance, considering Ripple’s journey through legal and regulatory hurdles.</p> 
<p>Garlinghouse’s strategic leadership plays a pivotal role, creating anticipation across the blockchain and financial sectors. The awaited announcement may signal a major step toward integrating digital currencies into traditional banking systems, reflecting the transformative potential of XRP.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/cardano-shows-parallels-to-past-bull-runs-hinting-potential-surge/">Cardano Shows Parallels to Past Bull Runs, Hinting Potential Surge</a></li>
 <li><a href="https://cryptonewsland.com/binance-launches-binance-mirror-off-exchange-settlement-solution/">Binance Launches ‘Binance Mirror’ Off-Exchange Settlement Solution</a></li>
 <li><a href="https://cryptonewsland.com/mirror-market-stellar-xlm-matches-xrps-rally-stride-for-stride/">Mirror Market: Stellar (XLM) Matches XRP’s Rally Stride for Stride</a></li>
 <li><a href="https://cryptonewsland.com/publishing-platform-mirror-xyz-launches-writing-nfts/">Publishing Platform Mirror.xyz Launches Writing NFTs</a></li>
 <li><a href="https://cryptonewsland.com/bitcoins-potential-surge-mirroring-golds-etf-success/">Bitcoin’s Potential Surge Mirroring Gold’s ETF Success</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/ripples-xrp-mirrors-2017-ath-pattern-is-the-new-ath-almost-here/">Ripple’s XRP Mirrors 2017 ATH Pattern, Is the New ATH Almost Here?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Ripple’s XRP Mirrors 2017 ATH Pattern, Is the New ATH Almost Here?

Crypto News Land

Other articles published on Jan 22, 2024

Top Crypto Tokens Not to Miss this Summer

‘Cherry Picking’ Crypto Scammer Receives Two-Year Prison Sentence

Cryptocurrency Mining Shift: kHeavyHash and Bitcoin’s Rising Profitability

Bitcoin’s Decline Continues: Under $40,000 Seen – What’s Driving the Bleeding? What About Liquida...

Crypto Firm USI Tech Founder Horst Jicha Arrested for Alleged $150 Million Fraud

Analyst Moustache Draws Parallels Between Current Altcoin Market and December 2016

Join our free newsletter for daily crypto updates!