$XRP Will Be ‘A Huge Winner’ in ‘Multi-Trillion Dollar’ Payments Space, Says Iron Key Capital Advisor
TL;DR Cage believes that XRP has a very strong use case and is one of the most efficient methods for transferring value. Its diverse capabilities, such as integration with CBDCs, sidechains, and a decade-long uptime track record, contribute to its appeal. Currently, XRP is trading at around $0.5737, up 19.17% in the past 24-hour period.
Kevin Cage, an advisor at Iron Key Capital, a digital asset management fund that focuses on researching crypto enterprise adoption and decentralized data utility networks, recently expressed his strong belief in the potential of XRP on Twitter.
Iron Key Capital is a digital asset management fund that focuses on researching crypto enterprise adoption and decentralized data utility networks. Cage sees XRP as a survivor and major payment industry winner with a use case worth trillions of dollars.
According to Cage, XRP is currently one of the most efficient methods for transferring value. In addition, cage says that XRP’s diverse capabilities include integration with central bank digital currencies (CBDCs), sidechains, the liquidity hub, and a decade-long uptime track record, contributing to its appeal.
XRP has also been tested by central banks, operates on a decentralized exchange (DEX), and is already connected to numerous payment corridors.
According to data from TradingView, on crypto exchange Bitstamp, currently (as of 10:00 a.m. UTC on March 29), XRP is trading at around $0.5737, up 19.17% in the past 24-hour period:
In the past seven days and year-to-date, the XRP price is up 34.63% and 67.91%, respectively.
Here are what some popular crypto analysts on Twitter are saying about XRP’s massive price rally:
📈 #XRPNetwork continues its impressive March recovery, with its price now +44% in the past 2 weeks and another +11% today. As a result, we're seeing a very high level of trader profit taking, which is at its highest ratio vs. loss taking since Aug, 2021. https://t.co/VvtLpszql2 pic.twitter.com/OpY3U9K1I4 — Santiment (@santimentfeed) March 28, 2023
Ripple winning over the SEC would translate into altseason, so follow that closely even if not long "The Standard" — Alex Krüger (@krugermacro) March 29, 2023
#Ethereum is poised to break out! 🐂🎇#ETH reclaimed a crucial support level between $1,700 and $1,780, where 1.41 million addresses bought 6.48 million $ETH. As long as this level holds, it's reasonable to expect further upside, given the lack of resistance ahead. pic.twitter.com/LMfVPpAu34 — Ali (@ali_charts) March 29, 2023
Insider trading is inextinguishable from non-insiders speculating on insider buying
Just because $XRP is going up doesn't mean it has to have anything to do with news
Could just be a duck buying leading to relative strength leading to a narrative
When you see these levels of accumulation in $XRP, it's just a matter of time! The only problem is that #crypto traders are addicted to leverage.
Advice: Reduce leverage and exercise patience! ⏳ https://t.co/KiB8xwoPKQ pic.twitter.com/ZDOjB6NNRr — Ali (@ali_charts) March 29, 2023