$XRP
XRP Analysis: The Unknown Reasons Behind the Surge. Over the past decade, aside from Bitcoin, XRP has consistently been one of the top 10 tokens by market cap in the cryptocurrency space. Is it worth a long-term investment?
Do you remember when CZ was sentenced to prison in the U.S.? Initially, he faced a fine of millions without having to serve time, but later the penalties were raised to over four billion for various reasons, and he was sentenced to four months.
Although XRP has won the lawsuit, will such escalating actions by the U.S. happen to XRP again?
I believe the likelihood is low at the moment. During Biden’s administration, there has been significant pressure on cryptocurrencies, which is why CZ got into trouble. Now, Trump is campaigning against Harris, and Trump has already spoken at a Bitcoin conference, while Harris will surely support cryptocurrencies to gain more voter support, as the cryptocurrency community in the U.S. is quite large.
Regardless of who the next president is, they may not suppress cryptocurrencies like President Biden did. Therefore, after XRP settles with the SEC, the regulatory concerns are eliminated, which is sufficient to attract more funds into the XRP market in the long run.
This not only benefits XRP in the short term, causing it to rise rapidly, but in the long term, XRP is also worth investing in. At least during the next administration in the U.S., it is unlikely to face further suppression.
Why is the market overly focused on the XRP lawsuit? Perhaps it indicates that XRP itself is very strong, with regulation being the biggest issue.
From the perspective of the token economic model of inflation and deflation, XRP is very much worth large-scale investment. Ripple has ample funds supporting it, and with the widespread adoption of XRP for payments, its development prospects are something we can look forward to.
Additionally, the next spot ETF after Bitcoin and Ethereum may not necessarily be the highly speculated SOL. After all, XRP ranks second in the long history of cryptocurrencies.
Currently, XRP's contract open interest is also increasing, which is favorable for price growth. Whether short-term or long-term, XRP is a good investment choice.