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Bullish XRP Facts Every Holder Needs to Know: Grayscale ETF, RLUSD Liquidity, and More

John KumiBy 0Edited by Alex Morrison 13. September 20244 Mins Read
  • An analyst expects six main bullish factors, including the launch of the XRP Trust by Grayscale, Partnerships of Ripple, the launch of the first meme coin on XRPL, etc. to fuel XRP’s rally. 
  • The analyst also highlighted the recent conclusion of the SEC vs Ripple court case as a bullish catalyst. 

According to a crypto analyst identified as Crypto Assets Guy, XRP is poised for a bull run despite the struggling nature of the current market trend. Supporting this claim, the analyst outlined six key bullish factors that could facilitate its adoption and position the price for a significant upsurge. 

🚨 Every $XRP holder must read these bullish facts:• Grayscale paving the way for an XRP ETF• RLUSD will bring massive liquidity• The SEC v Ripple case is finally over• Ripple has partnerships with the most powerful banks and corps in the world• The XRPL is the…— Crypto Assets Guy (@cryptoassetsguy) September 12, 2024

Grayscale Move for XRP ETF

According to Crypto Assets Guy, the first bullish factor for XRP is the recent launch of the XRP Trust by Grayscale. As we disclosed, the asset manager’s decision is meant to give accredited investors direct exposure to the crypto. Contrary to Exchange Traded Funds (ETFs), the trust primarily facilitates trade over the counter. 

Beyond the trust, a comment by Rayhaneh Sharif-Askary, Grayscale’s head of product and research, has suggested that an XRP ETF could be created in the future.  

As crypto investors diversify beyond Bitcoin and Ethereum, we believe in providing exposure to protocols that solve real-world problems. XRP can reduce frictions in international payments, enabling more efficiency in an evolving global economy.

Liquidity Provision of RLUSD

Crypto Assets Guy’s second point is based on the much anticipated RLUSD which is set to be exclusively presented to organizations. According to Ripple CTO David Schwartz, this stablecoin is designed to enable physical users to acquire it through crypto platforms and other mediators. This, as we earlier highlighted, would enhance security and regulatory compliance to align with the current stablecoin practices. According to the analyst, this could attract massive liquidity and line XRP up for a bullish run. 

The Completion of the SEC vs Ripple Case

CNF recently reported that Judge Analisa Torres had imposed a $125 million penalty on Ripple to conclude the multi-year-long legal battle with the US Securities and Exchange Commission. However, both Ripple and SEC agreed on a stay order, putting the penalty payment on hold while they prepare for possibly another round of legal battle. For now, some former SEC officials believe that the Commission may likely file an appeal. Regardless, Crypto Assets Guy believes that the current status of the case positions the asset in the interest of institutional investors. 

Ripple’s Groundbreaking Partnerships

His other reasons stem from the fact that Ripple has sealed multiple high-profile partnerships with banks, including Canada Imperial Bank of Commerce, Kotak Mahindra Bank, Zip Remote, Itaú Unibanco, SBI Remit, etc. On top of that, Ripple’s XRP has been tipped to be an integral part of the potentially new global financial system. 

Incredible Features of XRPL

According to Crypto Assets Guy, XRP Ledger’s incredible capabilities of facilitating transactions at the fastest rate and a cheaper cost is a massive bullish catalyst for XRP. Fascinatingly, XRPL has been confirmed to have impressive efficiency and scalability with a speed as fast as 3-5 seconds and a cost as low as $0.0002 per transaction. 

XMEME COIN Magic

His last bullish factor is the recently launched memecoin coin, XMEME COIN, on the XRPL. According to him, strong meme coins outperform regular assets and generally impact its ecosystem. Interestingly, XMEME is up by more than 400% since launch.

At press time, XRP was trading at $0.566, having surged by 5% in the last 24 hours. 

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This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

John is a seasoned cryptocurrency and blockchain writer and researcher, boasting an extensive track record of years immersed in the ever-evolving digital frontier. With a profound interest in the dynamic landscape of emerging startups, tokens, and the intricate interplay of demand and supply within the crypto realm, John brings a wealth of knowledge to the table. His academic background is marked by a Bachelor's degree in Geography and Economics, a unique blend that has equipped him with a multifaceted perspective. This diverse educational foundation allows John to dissect the geographical and economic factors influencing the cryptocurrency market, offering insights that go beyond the surface. John's dedication to the crypto and blockchain space is not merely professional but also personal, as he possesses a genuine passion for the technologies that underpin this revolutionary industry. With his astute research skills and commitment to staying at the forefront of industry trends, John is a trusted voice in the world of cryptocurrencies, helping readers navigate the complex and rapidly changing terrain of digital assets and blockchain innovation. John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

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