Dark Defender (@DefendDark), a well-known crypto analyst, recently reiterated his belief that XRP can become the leading digital asset in the cryptocurrency market.
In a post on X, he emphasized its unique regulatory position, institutional adoption, and potential to integrate with major financial systems.
“Sooner or later, people will fully accept that XRP is the ‘One,'” he stated, pointing to recent developments that strengthen his argument that XRP can dominate the crypto space.
Unlike most cryptocurrencies, XRP benefits from regulatory clarity that sets it apart. The SEC’s lawsuit against Ripple, which lasted for years, concluded with the agency dropping its appeal. Instead of the initial $125 million penalty, Ripple will pay only $50 million to settle the case. This outcome reinforces XRP’s legal standing and removes a major source of uncertainty for investors.
Furthermore, multiple filings for an XRP ETF have been acknowledged by the SEC, as 11 applications are currently pending. If approved, an XRP ETF would mark a significant milestone, increasing institutional adoption and strengthening its role in the financial sector.
XRP’s utility extends beyond regulatory clarity. Ripple has positioned itself as a key asset for financial institutions, facilitating efficient cross-border transactions. The asset has long been recognized by the International Monetary Fund (IMF) for its ability to revolutionize cross-border payments, and it is gaining traction in Europe, where Ripple is expanding its operations.
XRP’s potential to integrate with SWIFT, the dominant global payment network, is another factor contributing to its growing relevance. Many experts believe XRP could either replace SWIFT or integrate with it to enhance international settlements, offering a more efficient and cost-effective alternative to traditional systems.
Ripple is also making significant strides in the stablecoin sector. While Dark Defender initially drew attention to CBDCs, Donald Trump’s refusal to pursue CBDC projects may have put those plans on hold for the XRP community. The analyst highlighted Ripple’s progress with stablecoins as another important factor.
The launch of RLUSD in December 2024, along with plans for other stablecoins in other currencies, showcases Ripple’s commitment to digital payments and financial innovation. These stablecoins further position XRP at the center of global finance, reinforcing its utility and adoption.
Additionally, XRP is aligned with FedNow, the U.S. Federal Reserve’s instant payment system, which could accelerate its use in domestic and international transactions. XRP continues to solidify its position as a leading digital asset, and as Dark Defender stated, “It was not BTC; it has never been ETH,” suggesting XRP is on its way to the top.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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