XRP: Hanging Tight in the Cryptosphere
Digital Currency XRP Shows Signs of Life Amidst Sluggish Market: Expert Predictions
John Squire initiated a ten-year venture that might've slipped under the radar until now. This project, born more than a decade ago, has seen its developer take decisive steps to boost adoption. Squire emphasized that RippleNet operates in over 55 nations, with major partners such as SBI, Tranglo, and Santander.
Squire recognized that XRP isn't just another trendy crypto coin. He pointed out, "XRP has been in the game even before most influencers caught the Bitcoin fever."
In light of the drawn-out dispute between Ripple and the US securities regulator, Squire referenced the CEO's triumphant declaration in mid-March that the case seemed closed. Despite the SEC's silence on confirming this, he highlighted, "XRP stands alone in the top 10 coins to have battled the US government and lived to tell the tale."
Institutional adoption and the possibility of a Ripple ETF in the US were topics Squire touched upon. He mentioned the CME's forthcoming XRP futures product and the 10 applications that are still under review by the SEC. Although the Commission postponed making a decision on one recently, Squire and other industry experts remain optimistic that XRP could soon mirror ETH and BTC's success from last year.
XRP's Price Chart: Bull Market or False Dawn?
Mirroring other bullish projections, Squire suggested a promising trend for XRP. After breaking the $2 barrier in late 2024, the fourth-largest cryptocurrency has predominantly held steady above that line.
Squire noticed the RSI slowing down and volumes beginning to bulge. He asserted, "Wise traders don't chase pumps. They invest when others are bored." This sentiment appears validated: whales accumulated a whopping $2 billion worth of XRP in April alone, and whale addresses surpassed 300,000, a new record.
Following his usual disclaimer that his post does not constitute financial advice, Squire concluded that derided assets often outshine others.
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Key Bullish Drivers
- Institutional Adoption: Ongoing partnerships with global banks and financial institutions could continue boosting demand for XRP as a liquidity tool[2][3].
- Regulatory Clarity: A favorable outcome from the SEC lawsuit and potential easing of crypto regulations under new policies may catalyze growth[3].
- Technical Breakout Potential: If XRP surpasses the $3.40 resistance, analysts like Egrag Crypto predict a surge to $17 by 2025[2][4].
Addressing Bearish Pressures
- SEC Lawsuit Impact: Although the case poses uncertainty, rising institutional demand and a partially successful legal track record may offset these concerns[2][3].
- Recent Volatility: The 1000% liquidation event on May 5, 2025, resulted in a dip to $2.15, but proponents argue this reflects overleveraged traders rather than weak fundamentals[1][2].
- John Squire, the developer of Ripple, initiated a venture over a decade ago that has been making strides to increase adoption, with RippleNet operating in over 55 nations and major partners like SBI, Tranglo, and Santander.
- Squire acknowledges XRP's longevity in the crypto market, stating that XRP was established even before the Bitcoin boom.
- Despite the ongoing dispute between Ripple and the US securities regulator, Squire highlighted XRP's resilience as the only top 10 coin to have faced a legal battle with the US government and survived.
- Squire is optimistic about institutional adoption and the potential for a Ripple ETF in the US, pointing to the CME's upcoming XRP futures product and the 10 applications still under review by the SEC.
- Squire suggests a promising trend for XRP, predicting a break of the $2 barrier, and noticing signs like the RSI slowing down and volumes increasing, indicating potential investment opportunities.
- Despite his optimistic outlook, Squire always includes a disclaimer stating that his post does not offer financial advice and that derided assets sometimes outshine others.
