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'Ripple (XRP) Is A Must-Hold For The Next Bull Run' Says Bitcoin Maxi, Here’s Why
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

‘Ripple (XRP) Is A Must-Hold For The Next Bull Run,’ Says Bitcoin Maxi

Samuel Edyme
Samuel Edyme
1 year ago
4 mins read
Ripple - XRP

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In the often-polarizing universe of crypto, it isn’t often that an established Bitcoin maximalist or advocate publicly places a bet on a different coin. However, in a sudden turn of events, Crypto Rover, a crypto influencer and Bitcoin devotee, recently confirmed his substantial investment in XRP.

The influencer did not only seem to boast its latest XRP purchase but also gave advice in the same tweet that read “Ripple is a must-hold for the next Bull Run.” While this type of word coming from a Bitcoin maxi is quite unusual, there could be possible reasons behind the BTC devotee XRP support.

Unforeseen Support For XRP From A Bitcoin Proponent

Crypto Rover who is famous for his Bitcoin-centric views recently surprised the crypto community by revealing a major purchase of $250,000 in XRP in recent weeks. He shared this update via a tweet, indicating a departure from his usual investment pattern of Bitcoin holdings.

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According to the influencer, he believes Ripple will emerge winner in its ongoing legal proceedings, which, in his opinion, may lead to a widespread FOMO (Fear of Missing Out) effect.

It is worth noting that this factor alone could be one of the reasons behind the Bitcoin Maxi’s sudden support for XRP. 

Ripple will win the case, and the $XRP FOMO will be insane.

I have bought $250,000 worth of #XRP in the past few weeks.

I don’t have a lot of #Altcoins in my portfolio now.

But Ripple is a must-hold for the next Bull Run.

— Crypto Rover (@rovercrc) June 21, 2023

Rover’s backing of XRP spurred an enthusiastic reaction from the XRP community, leading to speculation and investment interest. Comments following his announcement range from assertions of Ripple’s stocks and XRP as a ‘must-hold’ to enthusiastic declarations of imminent large XRP purchases, citing it as a ‘lifetime opportunity’.

Ripple Court Case – A Deciding Factor For XRP’s Future?

Ripple Labs, the firm responsible for the creation of XRP, is currently in a legal dispute with the United States Securities and Exchange Commission (SEC). The crux of the argument revolves around whether XRP should be classified as a security.

So far, Ripple Labs has moved to dismiss the lawsuit filed against it by the SEC. The company maintains that XRP, unlike traditional securities, functions as a digital currency due to its utility and decentralized attributes. Ripple is challenging the SEC’s jurisdiction in this matter and criticizes the regulatory body for not providing clear guidance on XRP’s status as a security.

The company asserts that the ongoing legal battle has negatively impacted XRP holders and hindered innovation in the crypto industry. As such, the court’s decision on Ripple’s request for dismissal is highly anticipated and could significantly influence the course of the lawsuit.

Related Reading

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XRP Price Could Regain Strength If It Clears This Resistance

1 year ago

If approved, it could pose a serious blow to the SEC’s case and if not, the legal dispute will proceed with the SEC’s allegations against Ripple still in play.

Overall, a win for Ripple could potentially influence how digital assets are classified, improving XRP’s standing and possibly enhancing its price.

Meanwhile, amid the ongoing legal dispute, XRP is still able to mirror the ubiquitous uptrend in the global crypto market. Over the past 24 hours, XRP has surged 3.5% with a market price above $0.5, at the time of writing.

Ripple's XRP price chart on TradingView
Ripple’s XRP price moving sideways on the 4-hour chart. Source: XRP/USDT on TradingView.com

Featured image from Shutterstock, Chart from TradingView

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Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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