Hold XRP If You Want To Become ‘Very Rich,’ Analyst Says
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In crypto’s recent mini-bull run immediately after Donald Trump’s election victory, one popular token was left with a sluggish price movement: Ripple’s XRP. While Bitcoin raced to hit the $90k level and teased the $100k mark, and some meme coins like Dogecoin showed gains, XRP retained its sideway price movement. The altcoin’s price was at the $0.50 level days after the election, and it was only on November 16th that it finally broke $1. Today, XRP trades at over $1.60, and many analysts expect more significant moves from the project. According to Robert Doyle, popularly called Crypto Sensei, big things can still happen to XRP, and holders can become wealthy soon. In a video, Doyle explains the crypto asset’s recent price run, as it surged past its seven-year resistance level, suggesting a growth momentum for the token. If you hold $XRP You WILL be Very RICH Soon! pic.twitter.com/oUlkFqwC2J — CryptoSensei (@Crypt0Senseii) November 27, 2024 Institutional Adoption Pushing XRP Price Up Doyle shared a video in which he mentioned that XRP has momentum. On the technical side, the altcoin’s recent price movement indicated that it finally breached its seven-year resistance level, positioning the token for growth. In addition to this technical momentum, Doyle mentioned that the coin works in a favorable environment. He noted that institutional adoption is growing, making it a favorable investment for many. Growth In Cross-Border Payments Also Benefits Crypto The crypto commentator added that Ripple benefits from the growing shift in global payments. He argued that Ripple has partnered with several Latin American banks, making XRP the preferred option for international payments. Then, he explored a few theories that could grow XRP, including the possibility that the FedNow payment system may use the digital currency for payments. However, this claim about adopting the FedNow payment system remains unsubstantiated.…
Filed under: News - @ November 30, 2024 3:09 am