thecryptobasic.com
A market pundit recently shared 20 reasons why he believes XRP has massive growth potential despite the recent price struggles.
Known online as “Ripplelord,” the XRP enthusiast recently disclosed these reasons in a post on X. His commentary presents advantages that XRP holds over other assets, from regulatory clarity to its utility in cross-border payments.
XRP Boasts Regulatory Clarity
One of the reasons behind Ripplelord’s optimism is XRP’s regulatory position in the U.S. It stands out as one of the few cryptocurrencies with regulatory clarity. This makes it an appealing choice for investors wary of regulatory uncertainties.
According to Ripplelord, XRP is officially “not a security.” Notably, Judge Analisa Torres made this pronouncement last July during the summary judgment ruling in the Ripple vs. SEC legal battle. Despite its appeal this year, the SEC chose not to challenge this decision.
Ripplelord further stressed that Ripple’s legal team has prevailed twice against the SEC, setting a precedent in the crypto scene. This legal progress instills confidence in XRP’s potential, especially as the broader industry battles with the securities regulator.
Efficient, Green, and Cost-Effective Transactions
Ripplelord also pointed out that XRP transactions are faster, cheaper, and more energy-efficient than those of leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
For context, the XRP Ledger operates without the high gas fees associated with ETH, making it a cost-effective solution for users. A previous report confirmed this, with XRP boasting a transaction cost of 0.00001 XRP.
Also, unlike Bitcoin’s energy-intensive mining process, XRP utilizes a more sustainable consensus mechanism. In addition to this, it typically takes about 3 to 5 seconds for the XRPL to complete a transaction, far lower than the time for Bitcoin and Ethereum.
Moreover, the XRP Ledger has built a strong reputation for security and reliability. Ripplelord emphasized that the fact that it has never experienced an exploit is one of the reasons he is bullish on XRP.
XRP Adoption and Appeal for Cross-Border Payments
Another reason Ripplelord gives for his bullish stance on XRP is its functionality in cross-border payments. Ripple has established partnerships with many major banks and corporations, leveraging XRP for its Ripple Payments (formerly ODL) service.
Due to its utility, Ripplelord predicts that XRP adoption will soar, especially as it now strains regulatory clarity. With the next phase of the ongoing bull run looming, he anticipates renewed interest in XRP from investors who are starting to shift attention from Ethereum.
Ripplelord noted that amid controversies surrounding ETHGate, some major Ethereum (ETH) holders are moving assets to XRP. This could potentially bolster demand.
Favorable Market Trends and Economic Conditions
Ripplelord also considered economic factors. With global conflicts creating instability in traditional markets, he sees a migration of assets from the stock market to assets like XRP, which some see as a safe-haven investment.
Additionally, he expects the success of the Bitcoin ETFs to boost the entire crypto space, benefiting XRP. Interestingly, three different asset managers have already filed to launch an XRP ETF. If successful, these products could drive more capital into the market.
Another potential catalyst for XRP’s growth is the ongoing bull market. Typically, bull markets precede Bitcoin halving events, with the latest halving occurring in April 2024. If past trends hold, XRP and the rest of the market could soar from Q4 2024 to 2025.
Also, Ripplelord credits XRP’s community as one of the strongest and most loyal in the crypto sphere. Notably, the community has remained steadfast despite XRP’s persistent underperformance. XRP currently trades for $0.5337, down 84% from its ATH.