A notable figure in the XRP community has disclosed three key factors contributing to his persistent bullish stance on XRP.
XRP is fast becoming renowned for its unsavory performance compared to its rivals, causing frustration for holders. However, pro-XRP crypto influencer Zach Rector recently shared his unwavering bullish sentiment towards XRP despite the ongoing skepticism surrounding the digital asset.
In particular, Rector outlined three compelling reasons why he remains optimistic about XRP’s future trajectory.
3 Reasons I’m Still Bullish! #XRP pic.twitter.com/1upvboBy6C
— Zach Rector (@ZachRector7) February 2, 2024
Firstly, Rector reiterated XRP’s unique position as the sole digital asset in the United States with full legal clarity.
Recall that last July, the U.S. judge presiding over the lawsuit against Ripple Labs ruled that XRP is inherently not a security.
The judgment essentially watered down the U.S. regulatory’s previous assertion and ultimately freed XRP from regulatory shackles. To date, no other crypto project has secured a similar proclamation from the U.S.
Liquidity Staking Entering the XRP Ecosystem
Secondly, Rector underscored the recent developments in the XRP ecosystem, particularly the integration of decentralized finance (DeFi) capabilities.
“We finally have DeFi coming to the XRP Ledger ecosystem,” he proclaimed.
He recounted that competing projects have flourished with DeFi functionalities over the years, and now it is XRP’s turn.
Rector noted that the introduction of DeFi capability to XRP through the recently passed Automated Market Maker (AMM) amendment marks a significant milestone.
Specifically, he remarked that it effectively expands XRP’s utility beyond fast, cheap, and efficient payments.
Ripple’s Target of the U.S. Market with XRP
Thirdly, Rector stated that Ripple is entering strategic alliances with U.S. partners with XRP at the core of the collaboration. The foundation of this view is Ripple’s recent move to calibrate its business focus to encompass the U.S. payment market.
As The Crypto Basic reported, Ripple plans to roll out new product upgrades for the U.S. market centered around its Ripple Payments service, which uses XRP.
Per the disclosure, this development follows a period of relative silence spanning three years, during which 90% of Ripple’s business focused on servicing overseas clients.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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