XRP RIPPLE JUST DROPPED A $1.6 TRILLION DOLLAR BOMB! (ACT FAST)
My Financial Friend
XRP Breakout and Bullish News
XRP is breaking out of a pattern that has been in place for about a month, looking really bullish.
- Currently at $2.50, with the next resistance at $2.51, a previous local high.
- If broken, the next target could be around $2.65 to $2.75.
Recent News and Developments
- Brad Garlinghouse, CEO of Ripple, met with Donald Trump, who is set to be inaugurated in 9 days.
- The president of Ripple mentioned that an ETF is likely to come sooner rather than later.
- RLUSD will be listed on more exchanges, increasing the amount of AUM and allowing Ripple to buy more treasuries, fight the SEC, or buy back XRP tokens.
Bank of America and XRP
- David Starr reported that Bank of America uses XRP for 100% of their internal transactions.
- Bank of America has 83 patents related to XRP and is very bullish on its potential.
SBI Holdings and XRP
- SBI Holdings, a $7.5 billion company, is implementing a micro strategy to lend XRP and earn interest.
- They are using a "buy only" strategy, which could drive up the price of XRP.
- By 2025, nearly 80% of Japan's banks are expected to integrate XRP into their systems, improving cross-border payments and remittances.
Potential Price Movement
- If SBI puts 5% of their total assets into XRP, it could buy around 3.72 billion XRP.
- If they invest 10% of their total assets, they would buy around 7.45 billion XRP.
- This could potentially drive the price of XRP up to $10 or more, depending on the market conditions.