Hold Your XRP: Upcoming Events Could Skyrocket Prices!

08.12.2024 212 times read 0 Comments

Analyst: Why XRP Investors Should Not Sell Now

TheXRPguy, a crypto analyst on the social media platform X, has outlined several reasons why investors should hold onto their XRP assets. According to his analysis shared via Coin-Update (https://coin-update.de/analyst-warum-xrp-anleger-jetzt-nicht-verkaufen-sollten/), significant price increases for XRP are expected due to upcoming events and developments in the crypto world.

Key factors include the introduction of RLUSD, a dollar-based stablecoin on the XRP Ledger, which could enhance liquidity and drive up prices. Additionally, political changes such as Donald Trump's potential influence on policies and Gary Gensler's resignation from the SEC may positively impact XRP's value. The potential approval of an XRP ETF by pro-crypto SEC members is also seen as a catalyst for future growth.

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XRP Memecoins Gain Popularity: These Are the Best Coins!

A new trend has emerged on DEXTools with Ripple’s XRPL memecoins gaining traction since being listed earlier this month. As reported by wallstreet:online (https://www.wallstreet-online.de/nachricht/18796761-xrp-memecoins-beliebtheit-zu-besten-coins), traders have been increasingly rotating into these tokens.

The most notable among them is $ARMY, created for the infamous "XRP Army," boasting a market cap of 36.6 million USD despite recent fluctuations. Other popular coins like Bear and Drop show promising community engagement but face challenges such as low trading volumes compared to other sectors.

Pro-XRP Lawyer Offers New SEC Chairman Four Tips

John Deaton, known for his support of Ripple within legal circles, provided advice to Paul Atkins—the newly appointed chairman following Gary Gensler—via Newsbit (https://newsbit.de/pro-xrp-anwalt-gibt-dem-neuen-sec-vorsitzenden-4-tipps/). His recommendations aim at fostering growth in cryptocurrency markets under anticipated favorable policies post-election.

Deaton suggests dismissing those involved in controversial cases like DEBT Box litigation while advocating comprehensive reforms across leadership roles aligned with pro-growth visions. These reforms support U.S.-based cryptosystems through clear regulations, exempting decentralized finance activities from unnecessary jurisdictional bounds. These changes come in response to previously restrictive measures targeting major industry players, leading to strategic realignments moving forward.

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Article Summary

Crypto analyst TheXRPguy advises investors to hold XRP due to expected price increases from developments like RLUSD's introduction and potential political changes, while John Deaton offers the new SEC chairman tips for fostering crypto market growth. Additionally, XRPL memecoins are gaining popularity on DEXTools with notable tokens such as $ARMY attracting significant attention despite trading volume challenges.

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