Crypto Expert Reveals One Major Reason The XRP Price Will Do Well In The Bull Run
November 13 2023 - 1:00PM
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A crypto expert has disclosed a bullish outlook for the XRP price
during the upcoming bull run, highlighting XRP’s advantage over
other altcoins due to its lack of ties with China’s CCP. Crypto
Influencer Predict XRP Bull Success A crypto influencer on X
(formerly Twitter) called BoringSleuth has expressed his sentiment
about XRP’s potential success in the eagerly anticipated bull
run. Related Reading: Renowned Economist Warns Of Bitcoin
Crash Before Spot ETF Approvals BoringSleuth has stated that the
XRP price could stand to benefit considerably from the bull market
due to its lack of affiliations with the Chinese Communist Party
(CCP). He said that other cryptocurrencies like DAG which have no
links with the CCP may also experience a successful bull run.
“The protocols that weren’t in bed with the CCP will be the
benefactors of future bull cycles. A protocol like DAG, which works
with the DOD is one example of a well-positioned protocol. XRP is
another,” BoringSleuth stated. Responding to BoringSleuth’s
declaration, an X (formerly Twitter) user posted a screenshot
stating that Ripple had deep ties with the IDG which is strongly
backed by the CCP. “The Protocol may or may not be clear…but
Ripple has deep ties to IDG, which has strong support from the CCP.
IDG are also investors in Coinbase and KuCoin,” an X member,
AltarofEgo stated. Additionally, when asked by a crypto member on X
what he meant by “well positioned,” BoringSleuth responded by
saying that crypto companies that have no links to the CCP are
strategically positioned to become the prime beneficiaries position
of retail and investment cash flows in the case CCP-linked
companies ever faces scrutiny. “If there is a crackdown on
CCP-affiliated companies, then that investment and retail money
will flow somewhere. The companies well positioned to get those
dollars will be the ones not in bed with the CCP,” BoringSleuth
stated. XRP suffers another price dip | Source: XRPUSD on
Tradingview.com XRP Price Maintains Bullish Momentum Recently, the
crypto market seems to be on a rallying trend and XRP has taken
advantage of the market sentiments to push its price higher.
According to a crypto analysis by ProSignalsfx on TradingView, the
XRP price is on an upward trend and may continue rising.
“RIPPLE is trading in an uptrend along the rising support line and
after the retest of the said support. We will be expecting a
further move up,” ProSignalsfx stated. Related Reading:
Bitcoin Price Hard Crash Or Mega Pump: Why $31,000 Holds The Key
According to CoinMarketCap, the price of XRP at the time of writing
is $0.65 with a 24-hour trading volume of over $101 billion. The
cryptocurrency’s value has recovered steadily following several
partial victories during its intense legal battle with the United
States Securities and Exchange Commission (SEC). Many
investors and XRP community members are looking forward to a
bullish rally for the token following the conclusion of its court
case with the SEC. Featured image from Finder, chart from
Tradingview.com
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