XRP VS Literally Everyone (XRP RISING Above The FUD)

Posted 19 mins ago | by Catoshi Nakamoto

Two easy to ways to lose complete faith in the crypto markets is to: One: spend too much time focusing on the daily charts and Two: trade with emotion. As for me, along with many of you out there in the BitSquad, we’re all passionate about crypto and where it’s going in the future. It’s imperative to not let that passion cloud your judgment when trading. No one likes getting Rekt or getting liquated. Believe me when I tell you, It happens to everyone. There is a large curve in the process of learning how to trade crypto and in this world; you pay for your mistakes. So right now XRP is $0.85 cents, so we should panic and sell the bottom right? Absolutely not! Two easy ways to regain faith in the crypto markets is to: One: Focus on the big picture and Two: Always remember, the patient will prevail.

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Lets get it!

Welcome to BitBoy Crypto. Home of the Bitsquad, the largest crypto community in all of the interwebs. My name is Ben. Every day on this channel I show YOU how to MAKE MONEY in Crypto. If you like money and crypto then make sure to hit that subscribe button. If you want to go deeper into crypto, make sure to check out bitlabacademy.com. In this video, we will discuss recent news and updates surrounding the XRP, the court case as well as why I’m remaining bullish on XRP for years to come.

As the Supreme Leader, Strategist and Commander of the XRP Army, I’m here to tell you that I still have the same amount of faith and conviction in XRP as I did six months ago. So what if the price went down 33% in the last month? So what if the SEC is dragging out the court case as long as possible? This is all by design. Those of you who have conviction and believe in XRP as much as I do, one day, you will be glad you held on. It’s only a matter of time. Please, understand that this market is built on max pain and the day you give up is the day it goes up. This court case will end, maybe sooner than you think. The SEC might get paid a massive settlement, but that’s the only win they’ll get. For the time being, hold on for dear life.

In the meantime, here are some reasons why you shouldn’t panic but stay focused on the bigger picture. A recent tweet from @universetwenty states, “Boom, CITI BANK will use XRP token to facilitate international payments. A small excerpt from the CITI bank document attached to the tweet read, “Banks initially viewed Ripple as a competitor, though increasingly banks are partnering with Ripple.” (mic drop) That’s all I got. Be blessed, just kidding. Goldman Sachs is on board with this idea as well. They submitted patents for the use XRP and Bitcoin to validate nodes months ago.

Honestly, this is why the SEC went after Ripple in the first place. They thought if they could win against the company that works with the banks, that precedent would make it a walk in the park to win against the companies that don’t. The SEC is supposed to protect the investors, but who’s going to protect investors from the SEC? This is what sparked the XRP Army to question the SEC’s credibility a few months ago; can you blame them? The SEC is grasping for straws at this point, and it shows. As pointed out in a tweet from XRP attorney Jeremy Hogan, “Crypto investors now realize that the SEC is making it up as it goes. It invents rules and uses enforcement-or the threat of it- to cement its arbitrary policy. The SEC is broken, but Congress is the fix. Remember that.”

It turns out that the Deliberative Process Privilege might not protect the SEC after all. DPP is a common-law principle that the internal processes of the executive branch of a government are immune from normal disclosure or discovery in civil litigations, Freedom of information act requests, etc. (source: Wikipedia) Rick Steves from financefeeds.com pointed out that “For months, the SEC has refused to hand over documents regarding the agency’s thoughts and discussions over XRP, ETH, and BTC on the grounds of being privileged information.” This is how the SEC got away wiggled out of a handful of hypocrisy in the courtroom. Luckily, on November 29^th the Court of Appeals issued a decision in the Natural. Resources Defense Council VS the US Environment Protection Agency case that addressed the scope of DPP.

Fortunately for us, the outcome of that case changed the law on what is and what is not protected by DPP. Because of this, Judge Netburn is allowing the SEC and Ripple to re-brief. This could turn into a big Win for XRP. If the court decides to rug pull the SEC on their DPP, this will highlight several contradictions the SEC tried to hide from such not providing fair notice that XRP could be a security and this will show the SEC lied about William Hinman’s speech (that gave ETH a free pass) being considered “personal views”. Jeremy Hogan recently praised attorney Soloman for “spitting fire” in a tweet, “The SEC cannot have it both ways: If the Hinman speech was not a communication of agency policy then any deliberation regarding the speech is not entitled to any DPP protection…” He ends the tweet by saying. “And THAT may be the phrase that wins the day for Ripple.”

The fight for regulation and clarity continues in SEC case and on Capital Hill as well. On Wednesday December 8^th, several major exchanges crypto related businesses testified for well over four hours. Afterwards, the financial services committee of the House of Representatives asked a multitude of questions to learn more about the space, how to regulate it and House Representative from Tennessee, John Rose even asked how to prevent innovation from leaving the United States and happening offshore. (Source ABC news) It’s clear that many politicians view crypto as a viable source of revenue and they don’t want crypto companies to be forced to take that income out of the country; because they will if they have to.

As more and more Americans start accepting that we’re going to have a mutually beneficial relationship with crypto, it’s only a matter of time until there is regulatory clarity and by that time, we will have already been let in the door. Ripple recently released a three page document their “vision of a pragmatic regulatory framework for crypto currencies.” Instead of showing any signs of weakness or resentment towards the SEC or governing bodies, in this document they highlight the fact that crypto regulation/ clarity should be an open dialogue and that protecting the consumer is just as important as blockchain reaching it’s full potential.

Things are on the up and up for Ripple, and it doesn’t stop there. They recently announced the roll out for their Liquidity Hub. Set to roll out in 2022, this gives a way for enterprise clients to easily and efficiently source digital assets from a range of sources including market makers, exchanges and over the counter trading desks. (second source) This will allow financial service firms to offer their customers the option to buy/sell crypto assets such as Bitcoin, Ethereum, Litecoin, Ethereum Classic, Bitcoin Cash and XRP. In the future the Liquidity Hub will offer NFTs as well.

Ripple also recently announced in a tweet that they are joining the Digital Pound Foundation by working with Central Banks to aid in the design and implementation of the digital Pound in the UK. Nexo Finance also dropped a hint that Flare networks Songbird will be coming to their platform in the near future.

In terms of current price action, I completely agree with Tomiwabold Olajide from u.today when he says that the price of XRP is “suppressed and has room to expand.” Keep in mind; the latest XRP price dip can be attributed to papa Bitcoin’s latest dip. You can see that dip in the daily chart five days ago, but many long candles like that one could also indicate a trend reversal. By the way to learn more about how to do TA like a boss, be sure to check out the BitLab academy! But before you do that be sure to smash the like and subscribe button, it really helps us out.

If you need any more reasons to be bullish on ripple, know that Macro Investor Raoul Pal is bullish on ripple too! The daily hodl pointed he actually bought a position in XRP a year ago BECAUSE of the court case against the XRP. Raoul stated, “That’s a no brainer. Why would you not take a 10-1 risk/reward that has a catalyst around it?”

All in all, it really comes down to this. We know that XRP is working WITH the banks and will play a major role in integrating blockchain technology into preexisting structures in the foreseeable future. In that future, the SEC case will be considered a footnote in the history of XRP. When it’s 2025, and XRP’s vision is fully viable, ask yourself this: Back in 2021, were you in, or out?

That’s all I got, be blessed, BitBoy Out!

 

Source: https://thebittimes.com/xrp-vs-literally-everyone-xrp-rising-above-the-fud-tbt8106.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Cryptocurrency News

Post by: TheBitTimes.com