Why XRP might lead the next bull run for years !!!
The bull run is closer than ever and you don’t want to miss out. Investors and traders have been looking for hidden gems to invest in preparation for the bull run.
For the past few years XRP has stand in the position as one of the biggest ranked Cryptocurrencies in the world despite lots of challenges from Lawsuits.
However, XRP was able to withstand the bear market compared to other cryptocurency. Since the fall in price of global cryptocurrency market, XRP has only dropped from $1.9 ATH to $0.3 ATL despite the strong crisis with Security and Exchange Commission.
XRP might suddenly lead this bull run.
Why ?!
Let’s go into details on Ripple potentials and use cases before concluding.
Shall we ?
XRP is the native tokens of the Ripple Network developed by the ripple labs specifically designed to facilitate Cross border exchange which has been proven to be effective.
XRP has a transaction speed of milliseconds and can process thousands of transaction at once. Which is far more effective than Ether and Bitcoin.
According to Investopedia :
XRP’s Ripple network uses a consensus protocol to verify transactions. Validators update their ledgers every three to five seconds as new transactions come in to ensure that they match the other ledgers. As a result, the network can validate transactions more securely and efficiently than other cryptocurrencies.
Cross-Border payment has not only be an issue among Banks only but among individuals. It cost so much stress to exchange Fiats of different currencies.
Why XRP will be a good move in the next bull run
Here is the catch !
Most banks have already partnered with ripple Labs to facilitate ripple had their transaction foundations. About 15% of countries is most likely ready to use XRP has a CBDC for their payment and transactions. It is no news that most Institution wants to migrate to Blockchain technology and Web 3 but nevertheless, they need a digital currency that can be used as a means of exchange.
In my ultimate opinion XRP has the answer and this has been confirmed by genius and investors in the cryptocurrency space.
XRP stores transaction on the ledger and it works on consensus mechanism which makes it more decentralized. XRP also has a very good security that differentiates it from other Blockchains most especially EVMs(Ethereum Virtual Machines).
The use case and utilities of XRP explained earlier are one of the catalyst behind this. However, In the last bull run, XRP didn’t utilize its full potential due to lawsuits from the SEC.
Recently, the lawsuit ended and XRP won eventually. Considering the fact that this lawsuit has kept Ripple Network under the radar for years, now that Ripple is now regulated and free from lawsuit, it’s a good catalyst for XRP.
Here is a simple analysis.
Bitcoin was less than $4000 around 2017. Few years Bitcoin got so popular and it rise to $50000 in 2021.
XRP is at $0.5 now, It is yet catch the attention among investors and retail traders even though it is popular. This alone can fly XRP to $10 which is only 20X.
Don’t forget XRP will be used as a cross border payment which means it will be traded by Banks and Institutions. This banks and institution has the 50x Potential of Basic investors.
Don’t forget ! Banks don’t trade bitcoins as at the time of writing. But it is trading above $25000 and with ATH of more than $50000.
This means if Banks and Institutions to accept Ripple has their official Cross border payment. XRP can go as far to 1000X which is 100000%.
Seems absurd and unbelievable?!
Yes!!!
It’s a matter of Years. Don’t wait till all this happens.
It costs very less to bag some.
Simple Outline
Basic Catalyst for this.
- Free from Lawsuit and Regulations
- Crossborder Payment
- Limited Supply
- Nature of Blockchain
- Partnership and Adoption
- Utilities and Use cases
- Strong Community
Do have it in mind that Ripple Network is the Blockchain while XRP is the Native token.
