Crypto Asset Guy, a prominent figure in the digital coin ecosystem, has recently presented a comprehensive list of 20 factors that have led him to divest from XRP.
One of the cited reasons pertains to XRP’s status as the sole “digital asset in the United States possessing legal clarity” and having received an “official declaration of non-security classification.”
20 reasons for being massive bullish on $XRP:
1. The sole US digital asset with legal clarity.
2. The sole digital asset is officially deemed non-security.
3. Faster, cheaper, and more sustainable than BTC and ETH.
4. Gas fees are not applicable. There are no delays. No unnecessary details.
5. The XRP ledger is considered highly secure. There has been no hacking.
7. The most efficient approach for payments across borders is using XRP.
8. Partnerships with influential global financial institutions and corporations.
9. It possesses a unique use case among digital assets. The process of adoption will be intense.
10. Ripple’s team is impressive. The SEC was defeated twice. Something previously unseen
11. Ripple is incredibly transparent as a digital asset company.
12. Fully decentralized (please conduct your research).
13. It has yet to reach its all-time high (ATH) of $3.70.
14. There will be a significant liquidity influx. Several major players prepared to initiate the purchase
15. The upcoming crypto bull run is imminent. The BTC reduction by half (April 25, 2024) typically precedes several months/weeks.
16. Several ETH whales are transitioning to XRP due to the ETHGate corruption.
17. The stock market is declining due to numerous global conflicts. Movement observed: Masses shifting from shares to crypto (perceived as a haven).
18. BTC spot ETFs may receive approval in the coming five months. The entire space is experiencing a significant bullish trend.
19. As mentioned by Judge Torres, a Possible complete settlement between Ripple and the SEC before April 19, 2024.
20. The community supporting XRP is known for its loyalty, vocal nature, and strength in crypto.
— Crypto Assets Guy
Determining the security status of various digital currencies poses a significant obstacle within the United States.
The Securities and Exchange Commission (SEC) has yet to delineate the classification of these assets. To date, the organization has initiated legal proceedings against Coinbase and Binance, alleging that specific tokens endorsed by these platforms qualify as unregistered contracts for investment.
Several cryptocurrencies that have been assigned labels include Solana (SOL), Cardano (ADA), and Polygon (MATIC), among various others. Except for Bitcoin (BTC), the current state of Ethereum remains ambiguous, thereby positioning XRP as the cryptocurrency devoid of any lingering uncertainty.
Based on the analysis provided by the Crypto Asset Guy, it is observed that XRP exhibits comparatively enhanced transaction speed and cost-efficiency in comparison to BTC and ETH.
The influencer underscored the inherent advantages possessed by XRP, emphasizing its absence of gas fees and delays. This starkly contrasts with the challenges faced by Ethereum, which is widely recognized for its high transaction fees and extended settlement duration.
The individual additionally referenced the XRPL’s unparalleled security measures, the user-centric XUMM platform, and the efficacy of XRP in facilitating cross-border transactions.
The individual of influence additionally highlighted robust collaborations with prominent financial institutions, a distinctive application scenario, projected expansion in the adoption of XRP, the commendable expertise of Ripple’s team, and significant legal triumphs in opposition to the Securities and Exchange Commission.
XRP Is Benefiting From a More Generalized Bullish Market Sentiment
Most of the bullish characteristics presented by the Crypto Asset Analyst primarily pertain to XRP, while a subset is contingent upon broader market sentiment.
The individual in question referred to the possibility of a Bitcoin spot ETF being established within five months, citing this as contributing to their optimistic outlook on XRP.
The individual’s conviction regarding the prospective influx of capital into XRP, coupled with the transition of Ethereum’s prominent investors towards XRP, has further fortified their confidence in the future success of XRP within the medium to long-term timeframe.
In the current market downturn, XRP has demonstrated a valuation of approximately $0.4982, accompanied by a notable surge in trading volume exceeding 45%.