Long

United

A crypto pundit has declared that missing out on XRP, the native token of the XRP Ledger (XRPL) could potentially become the biggest mistake an individual can make. The analyst has expressed bullish sentiment on <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">its dominance and future outlook</a> following its possible integration into financial banking systems.&nbsp; 
<h2 id="b-here-s-why-investors-should-not-miss-out-on-xrp-b">Here’s Why Investors Should Not Miss Out On XRP&nbsp;</h2> 
In a June 27 X (formerly Twitter) <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">post</a>, crypto analyst and avid XRP supporter, King Karan boldly demonstrated his confidence in the crypto’s long-term price prospects. According to Karan, missing out on <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">XRP’s integration into the financial banking system</a> could become one of the most profound mistakes for investors. 
The analyst has implied that its complete integration into the financial banking system could lead to substantial gains, potentially pushing the cryptocurrency’s price to new all-time highs. He has expressed complete confidence in <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">XRP’s bullish prospects</a>, asserting he would be satisfied with his investment timeline whether a price surge occurs tomorrow or in the next two years.&nbsp; 
Karan’s bullish sentiment for XRP likely stems from Ripple’s plans to <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">expand its digital asset operations</a> to various trillion-dollar markets and the altcoin’s goal to <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">replace the SWIFT network</a>, a vast messaging network used by global banks and financial institutions. This potential integration could significantly expose XRP to new markets, fueling widespread adoption and potentially triggering a price surge for the cryptocurrency.&nbsp; 
Earlier this year, reports disclosed a major achievement for the Ripple ecosystem, underscoring the potential for the coin to become <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">adopted for international payments</a>. Additionally, Ripple’s Chief Legal Officer (CLO), Stuart Alderoty also predicted last year that XRP could once again be utilized for <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">cross-border payments </a>in the United States (US).&nbsp; 
Kang’s deep-rooted belief in the digital asset’s eventual success in the market is heavily dependent on the cryptocurrency becoming adopted by financial institutions. Currently, XRP <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">provides</a> a more affordable and incredibly fast cross-border payment method than leading cryptocurrencies like Bitcoin. With XRP, cross-border transactions are completed in just three to five seconds, making it one of the fastest methods for <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">international money transfers</a>.&nbsp; 
Kang has further disclosed that he will continue being bullish on XRP. He revealed his investments in a diverse array of altcoins, emphasizing his strategy of diversification to secure profits despite <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">XRP’s current underperformance</a>.&nbsp; 
<img loading="lazy" decoding="async" class="size-full" src="https://www.tradingview.com/x/saqVhsh6/" width="1835" height="883"> 
<h2 id="b-other-key-developments-that-could-prove-bullish-for-xrp-b">Other Key Developments That Could Prove Bullish For XRP&nbsp;</h2> 
Beyond its adoption prospects within the financial banking sector, the <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">conclusion of Ripple’s legal battle</a> with the United States Securities and Exchange Commission (SEC) and <a href="https://bitcoinist.com/xrp-etf-coming-ripple-president/" target="_blank" rel="noopener nofollow">the potential launch of an XRP ETF</a> could trigger a significant bullish rally for the altcoin.&nbsp; 
Ripple’s Chief Executive Officer (CEO), <a href="https://bitcoinist.com/ripple-ceo-xrp-etf-approved/" target="_blank" rel="noopener nofollow">Brad Garlinghouse</a> and President, Monica Long have also shared their support for an XRP ETF. Garlinghouse believes that the launch of an Ethereum Spot ETF would eventually open doors for the introduction of other crypto ETFs, highlighting that an <a href="https://bitcoinist.com/spot-xrp-cardano-solana-etf-inevitable-ripple-ceo/" target="_blank" rel="noopener nofollow">XRP ETF was inevitable</a>.&nbsp; 
On the other hand, Long <a href="https://bitcoinist.com/ripple-president-stablecoin-vision-xrp-etf/" target="_blank" rel="noopener nofollow">noted</a> that introducing an ETF would be a highly sensible decision.&nbsp; 
Despite the optimistic remarks, XRP continues to <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-dips-0-4680/" target="_blank" rel="noopener ">trade sideways</a>, experiencing a 2.28% decline over the past week and dropping to $0.47, according to CoinMarketCap.&nbsp; 
Featured image from PlasBit, chart from TradingView

XRP Dominance: Pundit Says Missing This Altcoin Could Be A Big Mistake

Зміст

NewsBTC

Інші статті, опубліковані 29 черв. 2024 р.

Bitcoin ETFs and Major Players Adjust Holdings

Shiba Inu Burn Rate Boosts To 1100%, Can It Reach $0.00002 Soon?

VanEck Names Coinbase Additional Custodian For HODL Bitcoin ETF

Layer 2 for Pudgy Penguins Is Targeted for Development

5 Altcoins Under $1 to Watch for Significant Gains

Altcoin Showdown: Investing in Polygon, Litecoin, or BlockDAG’s $54.3 Million Presale?

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!