In
a
new
YouTube
video,
crypto
pundit
Zach
Rector
outlined
his
bullish
stance
on
XRP,
providing
six
reasons
he
believes
will
catalyze
a
significant
price
increase
for
the
cryptocurrency.
Rector’s
insights
come
at
a
pivotal
time
for
the
crypto
asset
and
Ripple.
#1
Resolution
Of
The
XRP
Lawsuit
Zach
Rector
pointed
to
the
imminent
conclusion
of
a
prolonged
lawsuit
between
Ripple
Labs
and
the
US
Securities
and
Exchange
Commission
(SEC),
which
has
extended
over
three
and
a
half
years.
He
highlighted,
“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.”
The
potential
resolution
of
this
legal
battle
could
be
a
major
driver
for
market
dynamics,
possibly
relieving
legal
pressures
and
boosting
investor
confidence.
To
recall,
when
Judge
Torres
released
the
summary
judgment
on
July
13
last
year,
the
XRP
price
shot
up
by
almost
100%
within
one
day.
Lawyer
Fred
Rispoli
recently
predicted
that
the
SEC
lawsuit
could
end
by
the
end
of
July.
#2
On-Demand
Liquidity
In
The
US
The
resolution
of
the
lawsuit
could
have
massive
implications
for
Ripple
and
its
XRP-based
business.
The
analyst
also
noted
the
expected
launch
of
on-demand
liquidity
(ODL)
services
in
the
US
following
the
end
of
the
lawsuit,
as
confirmed
by
Simon
McGlothlin,
CEO
of
Uphold.
Rector
enthused,
“Flip
that
switch,
as
they
say,
right?”
This
service,
which
uses
XRP
for
transaction
liquidity,
could
significantly
enhance
the
utility
and
demand
in
one
of
the
world’s
largest
markets.
#3
Introduction
Of
The
Ripple
Stablecoin
Further
energizing
the
ecosystem,
Ripple
plans
to
introduce
a
stablecoin
in
Q3,
as
confirmed
by
Ripple
CEO
Brad
Garlinghouse.
“This
is
going
to
bring
a
whole
new
wave
of
liquidity
into
the
XRP
Ledger
ecosystem,”
Rector
explained.
The
introduction
of
a
stablecoin
could
expand
use
cases
for
XRP
and
decentralized
finance
(DeFi).
The
latter
could
improve
the
demand
and
liquidity,
thus
bolstering
the
market
price
of
the
crypto
asset.
#4
Anticipation
Of
Pro-Crypto
Regulations
Rector
also
touched
upon
the
broader
regulatory
landscape
in
the
US,
suggesting
that
forthcoming
crypto
regulations
might
boost
the
sector.
He
remarked,
“XRP,
along
with
Ripple’s
compliance-first
mindset,
is
perfectly
positioned.”
Although
regulations
may
not
materialize
until
next
year,
their
potential
to
clarify
legal
standings
could
positively
influence
the
price.
If
Donald
Trump
wins
the
US
election
in
November
this
year,
experts
assume
that
Gary
Gensler
will
have
to
vacate
his
seat
as
SEC
chairman.
This
could
herald
a
wave
of
new
crypto-friendly
regulation
and
possibly
end
the
Biden
administration’s
“Operation
Chokepoint
2.0”.
#5
Emergence
Of
Spot
XRP
ETFs
Pointing
to
Europe’s
example,
where
XRP
ETFs
are
already
operational,
Rector
predicts
similar
financial
products
will
emerge
in
the
US.
“We
are
going
to
see
XRP
ETFs.
It
is
inevitable.
They
are
already
live
in
Europe.
We’re
going
to
see
them
here
in
the
United
States
and
it’s
not
just
one,
I
put
a
plural
with
an
‘s’
there
because
we’re
going
to
see
baskets
of
ETFs
that
include
XRP,”
he
said.
These
ETFs
will
likely
enhance
liquidity
and
provide
a
new
channel
for
institutional
and
retail
investment.
Notably,
Ripple
CEO
Garlinghouse
shared
in
February
a
prediction
that
Spot
XRP
ETFs
are
likely
to
launch
in
the
US
at
some
point.
“I
think
it
only
makes
sense.
There
will
be
other
ETFs
[…]
When
we
will
see
them
is
hard
to
predict,”
Garlinghouse
remarked.
#6
Favorable
Macroeconomic
Trends
Lastly,
Rector
speculated
on
the
impact
of
macroeconomic
policies,
such
as
further
monetary
expansion,
on
cryptocurrencies.
He
suggests
that
increased
money
printing,
regardless
of
the
political
administration
in
the
US,
will
undoubtedly
benefit
the
crypto
asset’s
price
and
the
broader
crypto
market.
“Speaking
of
liquidity,
no
matter
who
gets
elected,
we’re
expecting
more
money
printing.
And
so,
this
is
the
time
to
get
prepared.
We’re
expecting
XRP
to
make
a
move,”
Rector
concluded.
At
press
time,
XRP
traded
at
$0.6272.
resistance
is
at
the
0.23
Fib
level,
1-week
chart
|
Source:
XRPUSDT
on
TradingView.com
Featured
image
created
with
DALL·E,
chart
from
TradingView.com
Go to Source
Author: Jake Simmons