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Analyst Claims JPMorgan’s Cross-Border Payments Could Catapult XRP to $1,000

5May

By Kayode Oke MichaelNo Comments

XRP News

Analyst Claims JPMorgan’s Cross-Border Payments Could Catapult XRP to $1,000

Over the years, multiple payment entities have taken notice of the utility of a certain technology. Ripple and its digital asset, XRP, have been mentioned in a JPMorgan report as entities that could help unlock around $120 billion trapped in cross-border payments. The Crypto Basic has also highlighted XRP as a potential alternative to SWIFT in cross-border settlements, while The American Institute of Physics, the IMF, and the World Bank have all spotlighted XRP's utility in cross-border payments in different reports. Overview of XRP’s Utility in Cross-Border Payments Interestingly, SEC Chair Gary Gensler had previously acknowledged XRP's advantages for use in cross-border payments over traditional fiat currencies. With this utility recognized by the general public, investors believe that...

Crypto Market Buzz: Unsubstantiated Rumors Stir Excitement Amidst BlackRock and JPMorgan Speculation, XRP Community Urged to Exercise Caution

In a volatile month for the cryptocurrency space, unsubstantiated rumours and speculation have once again taken centre stage, with a recent instance involving BlackRock and JPMorgan causing ripples across the market. The crypto community, particularly on X, was abuzz with excitement as discussions unfolded regarding a purported acquisition of millions of XRP by these financial giants. Read Also: Heco Bridge Hack: $86 Million in Cryptos Stolen, Justin Sun Assures Safety as Investigation Commences The October SEC-ETF Episode: Lessons Learned Reflecting on the recent past, it's clear that the crypto space remains susceptible to the impact of rumours. In October 2023, a false story about the U.S. Securities and Exchange Commission (SEC) approving a spot Bitcoin exchange-traded fund (ETF) ...

A Whopping 46,173 BTC Since September 27 Have Been Accumulated, and 15,000 BTC Is Transferred To Houbi Global.

Santiment Feed recently shared a tweet explaining how Bitcoin (BTC) has experienced a significant buy in the past week. Santiment Feed an on-chain and social sentiment analytics firm noted wallet addresses having between 100 to 10k BTC have accumulated 46,173 BTC since September 27, noting a correlation between decreasing Tether USD (USDT) whale supply and increasing Bitcoin whale supply and vice verse. Read Also: A Terra Classic Developer, Zaradar, Says “No One Would Be Minting More LUNC As Long As He Remains In Charge”. https://twitter.com/santimentfeed/status/1577466630900051968 Per Santiment; “Bitcoin whales are showing signs of sustained accumulation, which has been a rarity in 2022,” and further stated that “Since September 27, addresses holding 100 to 10k BTC ha...