Why XRP is Primed for a Rally: 20 Bullish Signals Identified by Crypto Analyst

• A top market analyst has highlighted XRP’s advantage as an asset class.
• A mega rally for the coin is possible with the progression of utility and legal clarity.

Ripple Labs’ associated XRP is currently riding on a bullish crypto market rally, with the price consolidating at $0.53. Amid this development, a crypto analyst known as RippleLord on social media platform X has outlined 20 reasons why he’s mega bullish on XRP.

His commentary highlights XRP’s advantages over other assets, ranging from regulatory clarity to its utility in cross-border payments. 

XRP Boosts Regulatory Clarity in the US

The first reason RippleLord highlighted for his optimism is XRP’s regulatory position in the US. The analyst noted that XRP is the only digital asset with legal clarity in the US. This status makes it a desirable option for investors wary of regulatory uncertainties. 

Additionally, RippleLord pointed out that XRP is officially “not a security.” As reported by CNF, Judge Analisa Torres made this pronouncement in July 2023, during the summary judgment ruling in the Ripple vs. SEC case. Although the US Securities and Exchange Commission (SEC) later appealed some aspects of the case this year, the agency decided not to contest XRP’s status. 

RippleLord further emphasized that Ripple’s legal team has prevailed twice against the SEC, setting a precedent in the crypto space. The analyst believes this legal development gives hope for XRP’s future, particularly while the industry fights the SEC.

He added that a possible complete settlement of the case before April 19, 2025, as stated by Judge Torres, could send XRP to a major rally.

Faster, Cheaper, and Greener Transactions

Moving on, RippleLord noted that XRP transactions are more energy-efficient, quicker, and less expensive than other top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Notably, the XRP Ledger (XRPL) functions without the hefty gas prices associated with ETH, making it a more cost-effective option for customers.

In an earlier CNF post, an investor emphasized the ability to transfer $13,000 worth of XRP for less than a penny. Additionally, the investor mentioned SpendTheBits, an XRPL-based payments protocol, as a possible answer to excessive gas fees for exchanging Bitcoin. 

Furthermore, XRP uses a more sustainable consensus mechanism, unlike Bitcoin’s energy-intensive mining process. Moreover, XRPL can complete a transaction in about 3 to 5 seconds, far lower than the time for Bitcoin and Ethereum. 

XRPL has also established a solid reputation for security and reliability. RippleLord noted that XRPL has never experienced an attack, which is one reason he is optimistic about XRP.

The XRP Appeal for Cross-Border Payments and Partnerships

RippleLord highlighted XRP’s functionalities in cross-border payments as another reason he is bullish on the coin. Leveraging XRP for its Ripple Payments (formerly ODL) service, Ripple has established partnerships with many major banks and corporations. As revealed in a CNF report, 80% of Japanese banks are working with Ripple to transform international payments. 

RippleLord believes that XRP’s adoption will increase due to its utility, particularly as it demands regulatory clarity. The analyst anticipates renewed interest in XRP from investors shifting attention from Ethereum as the next phase of the ongoing bull run approaches.

He noted that some major Ethereum holders are moving assets to XRP amid controversies surrounding ETHGate, potentially boosting demand.

Economic Conditions and Favorable Market Trends

RippleLord also considered economic factors for XRP’s potential bullish rally. He sees a migration of assets from the stock market to XRP, amid global conflicts creating instability in traditional markets. He also anticipates that the success of the Bitcoin ETFs would help boost the broader crypto market, benefiting XRP.

Remarkably, three distinct asset managers have already submitted applications to introduce an XRP ETF. These products could drive XRP on a major rally if approved, as more liquidity will flow through the market. 

RippleLord also pointed to the ongoing bull market as another potential catalyst for XRP’s growth. Bull markets often succeed in Bitcoin halving events, with the most recent halving occurring in April 2024. Thus, if past trends hold, XRP and the rest of the market could soar from Q4 2024 to 2025.

Finally, RippleLord acknowledged the determination of the XRP community. The analyst believes their support is critical to XRP’s future growth. As of this writing, XRP is trading at $0.5341, up 4.43% in the last 24 hours.