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

Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350

Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350

Ethereum is approaching a pivotal moment as it pushes to reclaim the $2,600 level, aiming to break free from weeks...

Sebastian Villafuerte 7 hours ago

FUNToken’s P2E Model Isn’t Just a Game: It’s a Scalable Digital Economy

FUNToken is going beyond basic play-to-earn mechanics by laying the groundwork for a scalable digital economy that targets the global...

NewsBTC 7 hours ago
Bitcoin

Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target

Bitcoin is currently on the path to holding a strong footing above $109,000 after reclaiming the $108,000 price level in...

Scott Matherson 9 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

xrp price xrpusdt

XRP Price Brewing A Monster Rally? This Patter Might Hold The Key

James Halver 18 minutes ago
스네이키웨이($AKE), AI 매수·인플루언서 제휴·블록체인 게임 앞세워 프리세일 개시

스네이키웨이($AKE), AI 매수·인플루언서 제휴·블록체인 게임 앞세워 프리세일 개시

Soyeon Lee 1 hour ago

TOKEN6900強勢吸金:1周融資破20萬美元 無視市場邏輯再掀迷因熱潮

estherw 1 hour ago

Premium Sponsors

Press Releases

  • 3 altcoinuri de urmărit în prima săptămână a lunii iulie 2025

    5 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    XRP versus Shiba Inu: Care criptomonedă are șanse mai...

    5 hours ago
  • XRP, SOL, LTC holders turn to OPTO Miner to earn $5,777 in...

    9 hours ago
  • More and more XRP and ETH holders are turning to APT Mienr...

    9 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    ...

    11 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.