The post Here Are 20 Reasons to be ‘Mega Bullish’ on Ripple (XRP): Crypto Analyst appeared on BitcoinEthereumNews.com.

TL;DR Crypto Assets Guy highlights XRP’s US legal clarity, advantages over BTC and ETH, and partnerships like HSBC. Ripple’s potential lawsuit victory and global conflicts might favor crypto over stocks. Despite some optimistic community claims, a new high above $3.70 is expected for XRP by late 2023-2024. Here is Why XRP Might Head North The popular X (Twitter) user Crypto Assets Guy said they are “mega bullish” on Ripple’s native token due to 20 important factors. Some of the top reasons include XRP’s legal clarity in the US, the court’s decision that the asset does not classify as a security, and the assumption that the coin is “faster, cheaper, and greener than BTC and ETH.” The analyst also noted XRP’s successful involvement in cross-border settlements, non-hacking history, unique use cases, Ripple’s “amazing team,” whale’s growing interest, new banking partnerships, and more. Speaking of collaborations with financial institutions, it is worth mentioning that the leading British bank HSBC recently allowed eligible clients to pay mortgage bills and loans in XRP instead of fiat. Crypto Assets Guy claimed that several pending developments could propel a bull run for XRP. One such example is the resolution of the lawsuit between Ripple and the US SEC. A potential decisive victory for the crypto company on the trial (scheduled for April 23, 2024) could also benefit the entire digital asset sector.  Last but not least, the analyst touched upon the numerous world conflicts that have shocked the world in the past few years (the latest being the clash between the Palestinian militant movement Hamas and Israel). In their view, such bloodsheds might cause people to shift their focus from stocks to crypto.  “The Moon Boys” Need to Understand This On another note, Crypto Assets Guy gave their two cents on XRP’s potential surge towards unseen levels…

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Filed under: News - @ October 11, 2023 5:20 pm