A crypto expert has disclosed a bullish outlook for the XRP price during the upcoming bull run, highlighting XRP’s advantage over other altcoins due to its lack of ties with China’s CCP.
Crypto Influencer Predict XRP Bull Success
BoringSleuth has stated that the XRP price could stand to benefit considerably from the bull market due to its lack of affiliations with the Chinese Communist Party (CCP). He said that other cryptocurrencies like DAG which have no links with the CCP may also experience a successful bull run.
“The protocols that weren’t in bed with the CCP will be the benefactors of future bull cycles. A protocol like DAG, which works with the DOD is one example of a well-positioned protocol. XRP is another,” BoringSleuth stated.
Responding to BoringSleuth’s declaration, an X (formerly Twitter) user posted a screenshot stating that Ripple had deep ties with the IDG which is strongly backed by the CCP.
“The Protocol may or may not be clear…but Ripple has deep ties to IDG, which has strong support from the CCP. IDG are also investors in Coinbase and KuCoin,” an X member, AltarofEgo stated.
Additionally, when asked by a crypto member on X what he meant by “well positioned,” BoringSleuth responded by saying that crypto companies that have no links to the CCP are strategically positioned to become the prime beneficiaries position of retail and investment cash flows in the case CCP-linked companies ever faces scrutiny.
“If there is a crackdown on CCP-affiliated companies, then that investment and retail money will flow somewhere. The companies well positioned to get those dollars will be the ones not in bed with the CCP,” BoringSleuth stated.
XRP suffers another price dip | Source: XRPUSD on Tradingview.com
XRP Price Maintains Bullish Momentum
Recently, the crypto market seems to be on a rallying trend and XRP has taken advantage of the market sentiments to push its price higher. According to a crypto analysis by ProSignalsfx on TradingView, the XRP price is on an upward trend and may continue rising.
“RIPPLE is trading in an uptrend along the rising support line and after the retest of the said support. We will be expecting a further move up,” ProSignalsfx stated.
According to CoinMarketCap, the price of XRP at the time of writing is $0.65 with a 24-hour trading volume of over $101 billion. The cryptocurrency’s value has recovered steadily following several partial victories during its intense legal battle with the United States Securities and Exchange Commission (SEC).
Many investors and XRP community members are looking forward to a bullish rally for the token following the conclusion of its court case with the SEC.
Featured image from Finder, chart from Tradingview.com