The native token of Ripple, XRP, experienced significant gains following the US elections, but ran out of momentum during Q1, despite the lawsuit against the SEC seemingly reaching its end. While no one has officially pronounced it as a failure, a prominent social media influencer with a following of over half a million on platform X, argues that XRP is merely in a state of pause.
John Squire begins his argument with a 10-year blueprint of Ripple that investors might have overlooked. Ever since its inception around a decade ago, Ripple has made significant strides towards global adoption. Squire points out that RippleNet is operational in over 55 countries, boasting substantial partnerships with SBI, Tranglo, and Santander.
He emphasized that XRP is not a “freshly hyped coin” but has been building its presence even before Bitcoin gained its popularity among influencers.
Discussing the longstanding legal tussle between Ripple and the US securities regulator, Squire highlights that the issue, which lasted for over four years, is nearing its conclusion. Despite the SEC not officially closing the case, Ripple’s CEO announced the victory in mid-March. In Squire’s words, “XRP is the only top 10 coin to combat the US government and come out alive.”
On institutional adoption and the prospect of a Ripple ETF in the US, Squire hints at the upcoming XRP futures product by CME, set to launch this month, and the 10 applications pending with the SEC. Even though the Commission delayed one of the decisions, many believe it’s just a matter of time before XRP follows the footsteps of ETH and BTC.
Reflecting a similar sentiment, Squire stated that XRP’s price chart indicates a bullish trend. Despite minor drops below $2, the cryptocurrency has remained stable above this line since its breakthrough in late 2024. He added that the RSI is settling down, and the volume is “building subtly. Intelligent investors don’t pursue spikes. They buy when the market is calm,” he stated. To support his claim, whales accumulated nearly $2 billion worth of XRP in April. Also, the number of whale addresses has reached a record high above 300,000.
After a standard disclaimer that his post does not constitute financial advice, Squire concluded that the most scorned assets, like XRP, often yield the highest returns.
