Financial expert Zach Rector (@ZachRector7) has outlined six potential catalysts that could significantly impact the price of XRP. In a recent post on X, Rector expressed optimism about the digital asset’s future, citing multiple factors that could drive its value upward.
Rector began by highlighting the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) as a primary catalyst. “We got a three-and-a-half-year lawsuit that’s concluding with the SEC, could happen at any day now,” he stated.
Referencing the impact of previous court rulings, Rector added, “You better be ready for this one, because you saw what happened last year with Judge Torres ruling on XRP. We shot up and basically shut down all of the exchanges.”
Beyond the lawsuit, Rector identified several other potential bullish factors. He noted that the upcoming launch of on-demand liquidity in the U.S., as confirmed by Uphold CEO Simon McLaughlin, could be a game-changer. “Flip that switch, as they say, right?” Rector emphasized.
Additionally, he expressed enthusiasm for the Ripple Stablecoin, RLUSD, confirmed by Ripple CEO Brad Garlinghouse to be dropping this year. He believes this will bring a new wave of liquidity into the XRP Ledger (XRPL).
Rector also touched on the broader regulatory environment for cryptocurrencies. While acknowledging that broader U.S. cryptocurrency regulations might not materialize until next year, he believes it will be a positive catalyst for the entire space. He positioned XRP favorably within this context, stating, “XRP along with Ripple compliance-first mindset, perfectly positioned.”
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Turning to the investment landscape, Rector predicted the emergence of XRP ETFs in the U.S. “It is inevitable,” he declared. “They already are live in Europe. We’re gonna see them here in the United States.”
He further anticipated a surge in XRP-related ETF liquidity, stating, “And it’s not just one. I put plural with an S there, because we’re gonna see baskets of ETFs that include XRP. Whole lot of XRP ETF liquidity coming in.” Garlinghouse recently weighed in on a potential timeline for the launch of XRP ETFs.
Finally, Rector addressed the broader economic climate, suggesting that increased money printing could benefit XRP. “No matter who gets elected, we’re expecting more money printing,” he said. “And so this is the time to get prepared. We’re expecting XRP to make a move.” Rector presents a bullish outlook for XRP, and many analysts and experts share this opinion.
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.
Follow us on Twitter, Facebook, Telegram, and Google News
