{"id":560430,"date":"2023-11-13T19:00:43","date_gmt":"2023-11-13T19:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=560430"},"modified":"2024-06-11T08:00:54","modified_gmt":"2024-06-11T08:00:54","slug":"xrp-price-do-well-bull-run","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-do-well-bull-run\/","title":{"rendered":"Crypto Expert Reveals One Major Reason The XRP Price Will Do Well In The Bull Run"},"content":{"rendered":"
A crypto expert has disclosed a bullish outlook for the XRP price during the upcoming bull run, highlighting XRP\u2019s advantage over other altcoins due to its lack of ties with China\u2019s CCP.<\/span><\/p>\n A crypto influencer on <\/span>X<\/span><\/a> (formerly Twitter) called BoringSleuth has expressed his sentiment about <\/span>XRP\u2019s potential success<\/span><\/a> in the eagerly anticipated bull run.\u00a0<\/span><\/p>\n BoringSleuth has stated that the <\/span>XRP<\/span><\/a> price could stand to benefit considerably from the <\/span>bull market<\/span><\/a> due to its lack of affiliations with the Chinese Communist Party (CCP). He said that other cryptocurrencies like DAG which have no links with the CCP may also experience a successful bull run.\u00a0<\/span><\/p>\n \u201cThe protocols that weren\u2019t in bed with the CCP will be the benefactors of future bull cycles. A protocol like DAG, which works with the DOD is one example of a well-positioned protocol. XRP is another,\u201d BoringSleuth stated.\u00a0<\/span><\/p>\n Responding to BoringSleuth\u2019s declaration, an X (formerly Twitter) user posted a screenshot stating that Ripple had deep ties with the IDG which is strongly backed by the CCP.\u00a0<\/span><\/p>\n \u201cThe Protocol may or may not be clear\u2026but Ripple has deep ties to IDG, which has strong support from the CCP. IDG are also investors in Coinbase and KuCoin,\u201d an X member, AltarofEgo stated.<\/span><\/p>\n Additionally, when asked by a crypto member on X what he meant by \u201cwell positioned,\u201d BoringSleuth <\/span>responded<\/span><\/a> by saying that crypto companies that have no links to the CCP are strategically positioned to become the prime beneficiaries position of retail and investment cash flows in the case CCP-linked companies ever faces scrutiny.\u00a0<\/span><\/p>\n \u201cIf there is a crackdown on CCP-affiliated companies, then 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,\u201d BoringSleuth stated.\u00a0<\/span><\/p>\n <\/p>\n Recently, the crypto market seems to be on a rallying trend and <\/span>XRP<\/span><\/a> has taken advantage of the market sentiments to push its price higher. According to a <\/span>crypto analysis<\/span><\/a> by ProSignalsfx on TradingView, the XRP price is on an upward trend and may continue rising.\u00a0<\/span><\/p>\n \u201cRIPPLE is trading in an uptrend along the rising support line and after the retest of the said support. We will be expecting a further move up,\u201d ProSignalsfx stated.\u00a0<\/span><\/p>\n According to CoinMarketCap, the <\/span>price of XRP<\/a><\/span> at the time of writing is $0.65 with a 24-hour trading volume of over $101 billion. The cryptocurrency\u2019s value has recovered steadily following several <\/span>partial victories<\/span><\/a> during its intense <\/span>legal battle<\/span><\/a> with the United States Securities and Exchange Commission (<\/span>SEC<\/span><\/a>).\u00a0<\/span><\/p>\nCrypto Influencer Predict XRP Bull Success<\/h2>\n
XRP suffers another price dip | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
XRP Price Maintains Bullish Momentum<\/h2>\n