$XRP Critic Changes His Mind, Predicts Stellar Performance in Next Bull Run

A popular cryptocurrency investor known for his disdain for the native token of the XRP Ledger, $XRP, has voiced an altered viewpoint on the digital currency. The analyst, who posts under the Virtual Bacon pseudonym, cited its perceived underwhelmed performance and concerns surrounding XRP's centralization for being against it.

Timeline of Stellar, Xrp

In a recent conversation on Tony Edward's Thinking Crypto Podcast, James Seyffart, Bloomberg's well-known exchange-traded fund (ETF) analyst, has suggested that before an $XRP ETF could materialize, he Chicago Mercantile Exchange (CME), one of the foremost derivatives exchanges globally, needs to list XRP futures.

Ripple (XRP) has reportedly engaged the New Zealand government in talks to collaborate on a CBDC project. The perception of legitimacy from the landmark victory against the SEC appears to have spurred global XRP adoption.

Now that Ripple has prevailed over the SEC in court, major players are eager to get their hands on XRP. According to recent data, institutions have been getting their hands on the cryptocurrency at a steady rate, as reflected in the digital asset fund flows report.

Stellar Development Foundation (SDF) becomes a minority investor in MoneyGram during its go-private deal with Madison Dearborn Partners. This move strengthens SDF's role in MoneyGram's digital journey and fintech innovations.

As the crypto community eagerly waits for an Exchange Traded Fund (ETF) centered around XRP, Bloomberg's well-regarded ETF expert, James Seyffart, drops a pivotal insight. According to him, the success of such an ETF largely depends on XRP's presence in a specific derivative exchange.

XRP, the digital currency by Ripple focused on cross-border payments, is being targeted by scammers posing as legitimate entities. A new fraudulent scheme, the XRP20 scam, has caught the attention of experts, and key opinion leaders in the crypto industry. Here's a closer look at what's going on. Don't fall for this scam. pic.twitter.com/cDiKdvjaGV— Mr.

Investment products centered around XRP, the native token of the XRP Ledger, have witnessed a remarkable surge in assets under management (AUM), with a staggering 127% growth this year. This trend is highlighted by the sixteenth consecutive week of inflows into these products, amounting to $500,000.

Much like the rest of the cryptocurrency market, XRP has been going through stagnation in terms of its price, consolidating the gains it received after a partial victory in the legal standoff between Ripple and the United States Securities and Exchange Commission (SEC) that is yet to see its conclusion.

XRP, like its peers, continues with a depressed market structure, stuck in a ranging channel with support at $0.62 and a sturdy resistance at $0.65. The cross-border money remittance token has since its July breakout to $0.93 lost 33% to trade at $0.63 on Tuesday.

Cryptocurrency investment products focusing on the native token of the XRP Ledger, $XRP, have seen their assets under management rise 127% so far this year, and reported their sixteenth consecutive week of inflows last week, with $500,000 being invested in them.