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In a recent tweet, Kyren, a former banker, expressed his optimism about the upcoming bull run for the third-largest altcoin, XRP, emphasizing the significant changes that have transpired since the last market cycle.
“This bull run will be a special one for XRP,” the financial expert proclaimed.
This bull run will be a special one for $XRP
Last cycle we saw HEAVY suppression & inactivity due to the whole lawsuit issue
But things have changed since then
In fact, change might be an understatement
As Ripple has flipped this around into the most BULLISH outcome possible… pic.twitter.com/PzDsPVAyyO
— Kyren (@noBScrypto) November 24, 2023
Why XRP’s Coming Bull Run Will Be Special
According to Kyren, the previous bull run was marred by heavy suppression and inactivity due to the SEC lawsuit involving XRP and Ripple. As a result, XRP failed to engineer a significant bullish trajectory like other digital assets, which reclaimed new highs.
However, Kyren believes Ripple has successfully turned the tables, transforming the situation into the most bullish outcome possible.
He first highlighted that the legal landscape between Ripple and the U.S. SEC appeared back and forth during the last bull run. The banker noted that the uncertainty had hindered XRP’s progress.
However, Ripple has emerged victorious in the lawsuit as a U.S. federal court declared XRP non-security. Moreover, Kyren noted that the Ripple team secured two more victory outcomes against the SEC, further reinforcing XRP’s position for the coming bull run.
In parallel, Kyren pointed out that the consequences of the lawsuit, which led U.S.-based exchanges to disassociate from XRP, have subsided. He highlighted that prominent trading platforms such as Coinbase, Kraken, and Gemini have reinstated support for XRP.
In this context, he gave a shoutout to the Uphold crypto exchange for standing by XRP throughout the trying period.
Ripple CBDC Progress is Also a Point
Aside from the pivotal transitions amid the lawsuit outcomes, the ex-banker highlighted other external developments that make XRP’s position for the coming bull run ‘special.’
Specifically, Kyren underscored the impressive momentum in the development of Central Bank Digital Currencies (CBDCs). He cited Ripple’s partnerships with countries such as Palau, Bhutan, Georgia, Hong Kong, and Montenegro. According to him, these central banks are unconcerned about the lawsuit.
Reflecting on the past bull market, Kyren reminded his followers that XRP witnessed remarkable gains, surging from under $0.01 to over $3.50. With the positive developments now surrounding XRP, Kyren believes the XRP Army is on the brink of another significant run.