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What Makes Ripple’s Native Crypto A Game Changer?

Patricia Arquette
Patricia ArquetteOriginal
2024-10-06 00:10:09657browse

XRP price has gained notable traction lately, especially amid the ongoing legal developments in the crypto space. Notably, the US SEC has officially

What Makes Ripple’s Native Crypto A Game Changer?

As XRP price continues to soar amid the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC), several market analysts have remained bullish on the crypto, expressing their optimism about its future prospects.

In recent developments, a popular figure in the crypto market, known as BitBoy, has lauded the development of Bitwise filing for XRP ETF. In his post on Twitter, he said that it could be a “game changer” for XRP price, which the market has been highly anticipating for a long time now.

In another tweet post, he shared his top altcoins pick for the “bull run”, which has gained notable traction from investors. He has updated the list of his top picks, saying “Sometimes the best move is reshuffling your picks.”

Interestingly, he kept the Ripple’s native crypto as the first or top coin in the list, and said that XRP is “set to dominate the world banking”. He also cited that if the XRP ETF gets approved and Ripple goes ahead with an IPO plan, it would help XRP to remain at the top place of this cycle.

Meanwhile, this bullish outlook has sparked optimism in the market, especially amid growing discussions after Bitwise’s ETF filing recently. In addition, the latest US SEC appeal in the XRP lawsuit has kept the investors on edge, who are keeping a close track of the legal battle.

On the other hand, the speculations over a potential cross-appeal by Ripple have sparked debates in the broader crypto market, let alone the XRP community. Besides, Ripple CLO Stuart Alderoty has recently slammed the agency, while saying that the firm might consider a potential cross-appeal in the case, which has fueled market discussions.

At the moment, XRP price soared 1.5% today, and exchanged hands at $0.5327, while its trading volume fell 33% to $990.71 million. The crypto has touched a high of $0.5384 and a low of $0.5172 in the last 24 hours.

Meanwhile, a popular analyst has recently said that XRP could rally to $5 in the coming days, echoing the bullish sentiment hovering in the market. Also, Ripple’s latest launch of payment solutions in Brazil has also sparked market optimism, which has further raised the appeal of XRP among traders.

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