A prominent market expert is urging investors to stop doubting XRP, citing several reasons why he believes an explosive rise in XRP is imminent.
These comments came from Armando Pantoja, an IBM Blockchain Award winner and member of Benzinga’s Crypto Advisory Board, amid the ongoing consolidation prevalent in the broader crypto market. XRPwhich gained 284% in November, is now facing exhaustion of the uptrend.
Although most experts believe that XRP could soon resume its upswing, this volatile period has created uncertainty among investors and led to profit-taking. CryptoQuant data shows that the XRP exchange reserve on Binance has increased from 2.79 billion tokens on December 16 to the current value of 2.93 billion.
“Stop doubting XRP”
This increase in Binance exchange reserves indicates a campaign by market participants to deposit their assets for sale on Binance, the world’s largest exchange. Amid this prevailing sentiment, Pantoja has urged investors to stop doubting XRP.
Stop doubting $XRP:
XRP shocked the world in 2017, rising from $0.003 to $3.31, which critics said could “never happen.”
It rose 110,000% and turned $1,000 into $1.1 million in just one year.
Now the lawsuits will soon be over + Trump is coming. It’s time to shine #XRP pic.twitter.com/gXxtnG8nGJ
— Armando Pantoja (@_TallGuyTycoon) December 28, 2024
For comparison, this pessimism about XRP arose when it underperformed during the 2021 bull market and in the early stages of the current bull market. Even market veterans like Raoul Pal insisted that XRP investors could miss out on this bull market and urged them…
