Analyst X Finance Bull has boosted confidence in the XRP community, stating that those who sold the dip may regret it. He highlights key phases for XRP.
From Hype to Utility: The Emergence of Phase 2
X Finance Bull notes that XRP's first growth phase was largely based on emotional hype and news cycles. However, Phase 2 signifies a shift from speculation to real utility. 'XRP has never looked stronger,' the analyst stated.
Strategic Developments and Adoption Momentum
Ripple is actively developing the XRP ecosystem, including the acquisition of brokerage firm Hidden Road, facilitating deeper integration of XRP into institutional finance. Additionally, XRP is aligning with global payment standards like ISO 20022.
Technical Strength and Market Structure
XRP also shows technical potential, consolidating around ~$1.95 after retreating from $2.11. Analysts expect that breaking above the $2.13 mark could signal a new upward wave, while data indicates active accumulation from large investors.
XRP's positioning as a digital asset with real utility becomes increasingly relevant. As infrastructure develops and adoption accelerates, XRP's prospects remain positive.
