XRP is a Strong Investment and has Decoupled from Bitcoin
XRP has often been seen as a laggard in the crypto world, but its time might be approaching. Despite always being in the top 10 cryptocurrencies, Ripple’s XRP hasn’t historically delivered significant returns. However, 2024 could mark a change. Notably, XRP seems unaffected by Bitcoin’s performance.
As an unconventional token, XRP appears to be a promising investment right now. Remember, this is not investment advice, just the musings of a madman. If you make any trades based on this, you might be as crazy as we are!
## Table of Contents
– XRP: The Forgotten Top 10 Token
– Do You Have A Tinfoil Hat?
– XRP Disconnected From BTC Prices!
### XRP: The Forgotten Top 10 Token
In the tumultuous crypto landscape, XRP often remains stagnant in terms of price. Over the past year, while other cryptocurrencies surged, XRP barely moved in USD terms. As the market seems to be trending downward, XRP remains relatively stable, hovering just below $0.50, with a market value around $26 billion—about 5% of Ethereum’s market cap.
### What’s Going On?
XRP is a valuable platform, though not decentralized. In a world where Wall Street is launching and purchasing Bitcoin and Ethereum ETFs, the long-term decentralization of these tokens is uncertain, particularly regarding price action. We know metals like gold and silver are manipulated by Wall Street and London, and now they seem interested in the crypto sphere.
### Legal Battles and Future Prospects
The primary issue for XRP has been its ongoing legal battle with the SEC. Currently, it seems the case is nearly resolved, and Ripple should emerge relatively unscathed, albeit with some financial penalties to the US government. Ripple and XRP aren’t going anywhere. In fact, Ripple has significantly expanded its industry presence in recent years. Unlike many tokens in the top 100, XRP provides real value, operating on a global scale.
Given its potential, XRP should be valued much higher than it currently is. The SEC’s case might be about more than just securities laws—it could be about the US government recognizing Ripple’s potential and wanting the technology. Unlike Bitcoin, Ripple is a company and could theoretically be acquired if it went bankrupt. This scenario is reminiscent of the PROMIS software incident in the 1980s, where the US government allegedly committed multiple crimes to seize valuable technology.
If the US wanted to use XRP’s technology, an extended lawsuit could be a strategy to drive Ripple into bankruptcy, allowing a government-backed company to acquire it cheaply and integrate XRPL as the new SWIFT system. Wall Street’s deep money might be influenced to ignore XRP, steering investors towards US-listed Bitcoin ETFs instead.
### Speculation and Market Potential
Even with the current crypto market downturn, Bitcoin has doubled in value over the past year, while XRP remains flat. Since 2018, XRP has generally stayed below $1, with only a few spikes. As cryptocurrencies continue to integrate into the global economy and XRP’s legal issues resolve (with SEC’s Gensler and his team unlikely to survive the next election), it’s hard to see XRP staying cheap.
In fact, XRP could see significant gains as Wall Street realizes it won’t acquire Ripple Labs at a discounted price in bankruptcy. While we don’t provide specific price targets or timeframes, XRP under $1 seems undervalued. Using Ethereum’s current value as a benchmark, XRP should be worth over $5 under more realistic market conditions.
As George Soros notes, markets tend to extremes. So, a $5 valuation for XRP might seem conservative during a market frenzy.
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