A crypto expert has revealed a bullish outlook for XRP price during the next bull run, highlighting XRP’s advantage over other altcoins due to its lack of ties to the Chinese CCP.
Crypto Influencer Predicts XRP Bull Success
BoringSleuth stated that the XRP the price could benefit considerably from the bull market due to its lack of affiliation with the Chinese Communist Party (CCP). He said other cryptocurrencies like DAG, which have no connection to CCP, could also see a successful bull run.
“Protocols that were not in agreement with the CCP will be the benefactors of future bull cycles. A protocol like DAG, which works with the DOD, is an example of a well-positioned protocol. XRP is another,” BoringSleuth said.
In response to BoringSleuth’s statement, a user on
“The protocol may or may not be clear… but Ripple has deep ties to IDG, which enjoys strong support from the CCP. IDG also invests in Coinbase and KuCoin,” said X member AltarofEgo.
Additionally, when asked by a crypto member on X what he meant by “well positioned,” BoringSleuth replied claiming that crypto companies that have no ties to the CCP are strategically positioned to become primary beneficiaries of retail and investment cash flows in the event that CCP-linked companies ever come under scrutiny .
“If there is a crackdown on CCP-affiliated businesses, then that investment and retail money will flow somewhere. The companies that are well positioned to get these dollars will be the ones that don’t get along with the CCP,” BoringSleuth said.
XRP suffers another price dip | Source: XRPUSD on Tradingview.com
XRP price maintains bullish momentum
Recently, the crypto market seems to be on an upward trend and XRP took advantage of market sentiments to drive up its price. According to a cryptographic analysis According to ProSignalsfx on TradingView, the price of XRP is on an upward trend and could continue to rise.
“RIPPLE is trading in an uptrend along the ascending support line and after the retest of said support. We expect a further rise,” said ProSignalsfx.
According to CoinMarketCap, the price of XRP at the time of writing, it stands at $0.65 with a 24-hour trading volume of over $101 billion. The value of the cryptocurrency has recovered steadily after several partial victories during his intense legal battle with the United States Securities and Exchange Commission (SECOND).
Many investors and members of the XRP community are eagerly awaiting a bullish rally for the token after the conclusion of its lawsuit with the SEC.
Featured image from Finder, chart from Tradingview.com