Tokentus CEO Suggests XRP May Receive Unique Classification
Based on Michel, Ripple’s aspiration to emerge as the premier digital infrastructure provider for financial services has taken precedence, particularly with a recent announcement outlining the company’s objective to assist enterprises in integrating blockchain technology. Michel’s remarks coincide with Ripple’s positioning as a significant player in the blockchain financial infrastructure sector.
He pointed out that previously, it was necessary to assemble fragmented pieces of information, whereas this time, the information originates directly from Ripple. “This unequivocally signals Ripple’s trajectory toward not only targeting consumers but also major enterprises and central banks,” noted Michel.
Intriguingly, Ripple’s declaration of a stock buyback program and its endeavours to develop a stablecoin have fuelled speculation about forthcoming significant developments.
Michel’s Stance
Regarding these developments, Michel contended that XRP may soon be categorized differently in comparison to other digital assets. “Ripple (XRP) holds a distinct position in the realm of cryptocurrencies,” he affirmed.
Moreover, Michel has taken note of XRP’s recent price movements amid Ripple’s progress. He highlighted the emergence of a wedge pattern on the XRP chart, emphasizing its rarity. “Such a substantial wedge is a seldom occurrence, and we are presently at its apex,” explained Michel.
Additionally, he observed that in recent weeks, XRP has displayed signs of disengagement from the fluctuations of Bitcoin and Ethereum, demonstrating what he characterized as a “nervous twitch.”
Concurrently, he highlighted that, unlike its conventionally sluggish behaviour, XRP is currently exhibiting an upsurge in trading volume, indicating the potential emergence of a larger development.
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