List of recent XRP breakthroughs
zerpie@zerpie
119 Posts
#1 · July 12, 2024, 9:17 am
Quote from zerpie on July 12, 2024, 9:17 amh/t JayGrissom.ICP∞
Food for thought 👇
FYI (this year):
- $XRP has true regulatory clarity. When $ETH bribed a regulator for this, it went from $7 to $1500 in less than a year.
- The XRP ledger is getting a U.S. dollar backed stablecoin ($RLUSD). When this happens in the space, normally the network experiences massive gains to its native asset. $BNB saw a 3100% gain when they did this for example. Many others too, because a stablecoin option means traders can move into and out of the assets on that network easily while still keeping stable value against fiat currencies.
- An $XRP based ETP was just announced. Not actually sure what this will do, but the ETP is physically backed by $XRP and is already valued at $12 per ETP.
- The CME has announced an official price index for $XRP. Once the SEC lawsuit is wrapped up, $XRP will be traded as a commodity (like oil), not as a security.
- The lawsuit that has pushed @Ripple (and $XRP) through a crucible and had then come out clean (legally, congressionally, regulatory and criminally clean) is coming to an end.
- The Bitcoin halving altcoin rally usually causes inflated price action over 6 to 18 months after.
- Bitstamp (a Ripple “On Demand Liquidity” #ODL provider that provides international FX trading over the XRP Ledger) is being bought by RobinHood (a retail trading platform that will support $XRP as a trading pair with a bunch of other national currencies).
h/t JayGrissom.ICP∞
Food for thought 👇
FYI (this year):
- $XRP has true regulatory clarity. When $ETH bribed a regulator for this, it went from $7 to $1500 in less than a year.
- The XRP ledger is getting a U.S. dollar backed stablecoin ($RLUSD). When this happens in the space, normally the network experiences massive gains to its native asset. $BNB saw a 3100% gain when they did this for example. Many others too, because a stablecoin option means traders can move into and out of the assets on that network easily while still keeping stable value against fiat currencies.
- An $XRP based ETP was just announced. Not actually sure what this will do, but the ETP is physically backed by $XRP and is already valued at $12 per ETP.
- The CME has announced an official price index for $XRP. Once the SEC lawsuit is wrapped up, $XRP will be traded as a commodity (like oil), not as a security.
- The lawsuit that has pushed @Ripple (and $XRP) through a crucible and had then come out clean (legally, congressionally, regulatory and criminally clean) is coming to an end.
- The Bitcoin halving altcoin rally usually causes inflated price action over 6 to 18 months after.
- Bitstamp (a Ripple “On Demand Liquidity” #ODL provider that provides international FX trading over the XRP Ledger) is being bought by RobinHood (a retail trading platform that will support $XRP as a trading pair with a bunch of other national currencies).
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Last edited on July 12, 2024, 12:19 pm by zerpie