XRP’s price has dipped after a recent surge, leaving some investors wondering if it’s time to cash out. But one analyst, TheXRPguy, thinks it’s too early to sell. He’s outlined seven reasons why holding onto your XRP could be very profitable.
Reasons to Hold Your XRP
Here are TheXRPguy’s top seven reasons to hold onto your XRP:
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RLUSD Launch: A new dollar-backed stablecoin (RLUSD) is launching soon on the XRP Ledger (XRPL). This should boost XRP’s price by adding more liquidity to the ecosystem.
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Trump’s Inauguration: Trump’s pro-crypto stance is seen as bullish for cryptocurrencies like XRP. His return to the White House could significantly impact XRP’s price.
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Gensler’s Departure: Gary Gensler, the SEC chair who spearheaded the lawsuit against Ripple, is stepping down. This is considered positive news for XRP, as it could lead to a quicker resolution of the lawsuit.
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End of the Ripple Lawsuit: With Gensler leaving and a pro-crypto nominee (Paul Atkins) for the next SEC Chair, the Ripple lawsuit is likely to end soon, benefiting XRP.
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Altcoin Season: We’re currently in an altcoin season, meaning altcoins (like XRP) are expected to see significant price increases.
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Ripple Partnership: The analyst predicts a major partnership between Ripple and a large bank is on the horizon. This would increase XRP adoption and drive up the price.
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XRP ETF Approval: Several companies have applied for an XRP ETF. With a pro-crypto SEC chair likely incoming, approval is more probable, boosting XRP’s price.
Current XRP Price and Outlook
Currently, XRP is trading around $2.39, down slightly. However, TheXRPguy believes these seven factors suggest a strong potential for future price increases, making it a good idea to hold onto your XRP for now.
