He revealed his investments in a diverse array of altcoins, emphasizing his strategy of diversification to secure profits despite XRP’s current underperformance. Other Key Developments That Could Prove Bullish For XRP Beyond its adoption prospects within the financial banking sector, the conclusion of Ripple’s legal battle with the United States Securities and Exchange Commission (SEC) and the potential launch of an XRP ETF could trigger a significant bullish rally for the altcoin. Ripple’s Chief Executive Officer (CEO), Brad Garlinghouse and President, Monica Long have also shared their support for an XRP ETF.
He has expressed complete confidence in XRP’s bullish prospects, asserting he would be satisfied with his investment timeline whether a price surge occurs tomorrow or in the next two years. Karan’s bullish sentiment for XRP likely stems from Ripple’s plans to expand its digital asset operations to various trillion-dollar markets and the altcoin’s goal to replace the SWIFT network, a vast messaging network used by global banks and financial institutions.
Additionally, Ripple’s Chief Legal Officer (CLO), Stuart Alderoty also predicted last year that XRP could once again be utilized for cross-border payments in the United States (US). Kang’s deep-rooted belief in the digital asset’s eventual success in the market is heavily dependent on the cryptocurrency becoming adopted by financial institutions.
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