Detailed and Simple Summary
• Dom Kwok, co-founder of EasyA and XRP advocate, issued a clear warning: “If you sell XRP now, you are basically saying you want to be poor.” His message reflects the sentiment that XRP is on the verge of a major trend change.
• Legal Context: Ripple and the SEC are close to resolving their long legal battle. They have filed a joint motion that could reduce Ripple's fine to $50 million and eliminate restrictions, while the SEC requests more time until August 15 for Judge Torres to decide. A favorable ruling would open the door to greater institutional adoption and remove one of the biggest obstacles for XRP.
• Key Catalysts:
• XRP ETF: After the approval of Bitcoin and Ethereum ETFs, XRP is expected to be next, which would facilitate access for traditional investors and large funds.
• Global Expansion: Ripple continues to secure licenses and partnerships in Asia, Europe, and the Middle East, strengthening the real utility of XRP in international payments.
• RLUSD Stablecoin: Ripple's new stablecoin is gaining traction and could further boost the use of XRP in cross-border settlements.
• Technical Analysis: The price of XRP is at a critical point. If it surpasses the key resistance near $2.50 (ATH VWAP), analysts see “the sky is the limit” for a major breakout. Large investors are accumulating while small ones are selling, reinforcing the possibility of a strong bullish move.
• Market Sentiment: Many see the current situation not as a time to sell, but to accumulate, anticipating that the price of XRP does not yet reflect its long-term value.
In summary: XRP is in focus due to legal advances, a possible ETF, global expansion, and positive technical signals. Dom Kwok and other experts believe that selling now would mean missing out on the explosive potential that could come soon for XRP.
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