NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Why Prominent Crypto Analyst Believes XRP’s Trajectory is Positive

Nick Chong
Nick Chong
5 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

XRP hasn’t done too well in the past 12 months, plunging by 47% since Jan. 1st, 2019. For some perspective, Bitcoin has gained a jaw-dropping 90%, surging on the back of a confluence of factors, which includes a capital flow from altcoins to the market leader BTC.

Tis the season to feast on the tears of shitcoiners.

YTD:

BTC +82%
ETH -18%
XRP -47%

— Jimmy Song (송재준) (@jimmysong) December 28, 2019

Although some are sure that the Bitcoin-centric trend in the cryptocurrency markets will continue due to institutional involvement and market cycles, a prominent analyst has suggested that XRP’s long-term trajectory is positive for a number of reasons.

Related Reading: Ethereum, XRP, and BCH: Why Traders are Optimistic on Altcoin Market

Why XRP Has Positive Path

Mati Greenspan, the former senior analyst at financial asset exchange eToro and current founder of Quantum Economics, recently began outlining a number of reasons why he’s bullish on XRP in the long run.

The prominent cryptocurrency analyst first remarked that he believes XRP is providing good technology, backed by a strong team at Ripple. For instance, Ripple has On-Demand Liquidity, which adopting companies say has allowed their clients to pay upwards of 80% less in fees for remittance payments and other financial processes that require inter-bank, international data and money transfer.

Good tech. Strong team. Probably the only crypto project regularly closing deals with financial institutions. https://t.co/x338RGGAlC

— Mati (@MatiGreenspan) December 30, 2019

He added that due to Ripple and XRP’s focus on collaborating with Wall Street and other financial institutions across the world, the asset, compared to Bitcoin, is “better positioned to integrate itself with the existing banking system,” boding well for potential adoption.

Greenspan concluded by drawing attention to the fact that Ripple is the “only crypto project regularly closing deals with financial institutions,” presumably citing the fintech upstart’s deals/collaborations with American Express, Santander, and other financial institutions both big and small.

Related Reading: Intense Altcoin Sell-Off May Mean a Bitcoin Pullback is Imminent

Other Commentators Agree

Other commentators agree with this lofty sentiment.

Jeffery Tucker of the American Institute of Economic Research, the value of XRP and the aforementioned company is to improve on the shortcoming of the “antique SWIFT system.”

Tucker said in an interview with Russia Today that XRP is an “extremely important technology,” before adding that the “legacy financial systems are incapable of dealing with the new age of globalization so taking crypto to kind of fill this market niche.”

In terms of price specifically, there have been a few positive analysts floated.

Per previous reports from NewsBTC, Dave the Wave, a prominent technical analyst that months ago called the decline to the $6,000s in the price of Bitcoin, wrote that XRP is showing a number of signs that it is bottoming on a macro basis and is thus poised to explode higher.

There’s also Michael Van De Poppe, who claimed that as long as the $0.14 to $0.17 range is held by the popular altcoin, there will be a base for a strong rally to take place in 2020. The strong rally, the trader said, could take XRP to $0.473, which is currently 175% higher than the market price of the altcoin.

Related Reading: These Five Altcoins Crushed Bitcoin’s 2019 Returns
Featured Image from Shutterstock
Tweet123Share217ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

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.

Related News

Bitcoin

Why Bitcoin Price Continues To Rise Despite Soaring Treasury Yields  — Analyst

Over the past few weeks, the Bitcoin price has maintained a somewhat healthy momentum, forging minor swing highs and lows...

Opeyemi Sule 5 hours ago
Best Altcoins to Mimic Trump’s $57.4M Crypto Income – Price Jumps, Staking, and Other Rewards

Best Altcoins to Mimic Trump’s $57.3M Crypto Income – Price Jumps, Staking, and Other Rewards

Donald Trump has disclosed an income of $57.3M from World Liberty Financial tokens. The president filed his public financial disclosure...

Aaron Walker 6 hours ago
Whales Dump Over 270M Cardano In One Week – Bearish Signal Or Shakeout?

Whales Dump Over 270 Million Cardano In One Week – Bearish Signal Or Shakeout?

Cardano (ADA) is currently consolidating near a critical support zone that could shape the direction of its price action in...

Sebastian Villafuerte 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin May Hit $78,500 If This Critical Support Fails – Details

Semilore Faleti 46 minutes ago
Ethereum

Investors Are Fleeing Ethereum, On‑Chain Numbers Reveal

Opeyemi Sule 2 hours ago
XRP

XRP Price Still On Track For $1.5T Market Cap And 27% Crypto Market Dominance

Scott Matherson 3 hours ago

Premium Sponsors

Top Brands

Press Releases

  • ETHRANSACTION Cloud Mining Will Help You Earn $0 to...

    11 hours ago
  • アルトコイン急落時に注目すべき買いのチャンス|BNB・XRP・SOL・新ミームコインも登場

    ...

    15 hours ago
  • ソラナ基盤の注目プリセールが4,900万ドル調達、仮想通貨投資家にとってローンチ前の最後の購入チャンス

    ...

    15 hours ago
  • ドイツ企業が初のビットコイン準備資産化|今後仮想通貨1000倍が狙える注目の3銘柄

    ...

    15 hours ago
  • ico仮想通貨で再挑戦|900Kドルを集めた新プロジェクトが次の波に?

    ...

    15 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

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.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.