A crypto expert has announced a bullish outlook for the XRP price during the upcoming bull run, highlighting XRP’s advantage over other altcoins due to its lack of ties with the Chinese CCP.
Crypto Influencer Predict XRP Bull Success
A crypto influencer X (formerly Twitter) called BoringSleuth has expressed his sentiments about this The Potential Success of XRP in the long-awaited bull run.
BoringSleuth has stated that the XRP price could benefit significantly from the bull market due to its lack of ties with the Chinese Communist Party (CCP). He said other cryptocurrencies such as DAG, which have no ties to the CCP, could also experience a successful bull run.
“The protocols that were not with the CCP will be the benefactors of future bull cycles. A protocol like DAG, which works with the DOD, is an example of a well-positioned protocol. XRP is another,” BoringSleuth said.
In response to BoringSleuth’s statement, an
“The Protocol may or may not be clear… but Ripple has deep ties to IDG, which has strong support from the CCP. IDG also invests in Coinbase and KuCoin,” said an X member, AltarofEgo.
Furthermore, when a crypto member on responded saying that crypto companies with no ties to the CCP are strategically positioned to become the main beneficiaries of retail and investment cash flows in the event that CCP-linked companies ever face criticism.
“If there is a crackdown on CCP-affiliated companies, that investment and retail money will flow somewhere. The companies well positioned to get those dollars will be the ones not in bed with the CCP,” BoringSleuth said.
XRP suffers another price dip | Source: XRPUSD on Tradingview.com
XRP price maintains bullish momentum
Lately, the crypto market seems to be on an upward trend XRP has taken advantage of market sentiment to push the price higher. According to a cryptoanalysis by ProSignalsfx on TradingView, XRP price is in an uptrend and may continue to rise.
“RIPPLE is trading in an uptrend along the rising support line and after the retest of the said support. We expect a further increase,” said ProSignalsfx.
According to CoinMarketCap, the the price of XRP at the time of writing it is $0.65 with a 24-hour trading volume of over $101 billion. The value of the cryptocurrency has steadily recovered after several cryptocurrencies partial victories during his intense legal battle with the US Securities and Exchange Commission (SEC).
Many investors and members of the XRP community are looking forward to one bullish rally for the token following the conclusion of the SEC lawsuit.
Featured image from Finder, chart from Tradingview.com