XRP rise more: Part 2

By Yugocean | Crypto Champion | 3 Dec 2024

XRP is now looming over the Cryptoverse, although I never considered it as real crypto, but it is shining itself as one. Let's Dive into it.

Reaches Top 3

XRP has been in super-risen status on the cryptoverse for quite some time now. Just today XRP flipped Tether to take over the third top crypto status after Bitcoin and Ethereum. Tether retained it for a short time, but XRP gained it again.

(Screenshot from Coin Market Cap)

Value is up

With bulls and bears, XRP is ruling over $2 (will touch $3 anytime). It is possible that the value of XRP may set a new ATH soon. This is thought as BTC and ETH are too big to compete, so I think 3rd rank is the furthermost for XRP.

Cryptoverse was unhappy

Cryptoverse was angry with Ripple due to its co-founder Chris Larsen's open support to anti-crypto Kamala Harris in the US presidential election. People (including me) started boycotting XRP.

Changed Cryptoverse?

After the elections, Chris Larsen went silent and Ripple CEO Brad Garlinghouse (who was silent till now) started praising Trump. We got it as it was their diplomacy, but decided to continue the boycott. Yet, XRP is drooling the cryptoverse.

Garlinghouse's Diplomacy

My research considers that Garlinghouse's Diplomacy puts Ripple ahead of Tether. XRP's strength lies in Garlinghouse's diplomacy, astonishingly, Garlinghouse has adopted CZ's successful strategy for acquiring foreign projects. For instance, Ripple’s Euro Stablecoin.

Euro Stablecoin puts Ripple ahead of Tether

Ripple Labs is developing the euro stablecoin based on the same MiCA law, due to which Tether had to discontinue its euro-pegged stablecoin EURt. Maybe this is why Ripple and Tether became fierce rivals on the market, which benefited XRP.

Read Part 1 Here

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