XRP Should Be a Top Priority, Urges Crypto Expert

XRP is once again grabbing headlines as momentum builds in the cryptocurrency market, and industry commentator Oscar Ramos is calling it a must-have asset. According to Ramos, those serious about taking advantage of the bull market should strongly consider prioritizing XRP in their investment strategies.

Bitcoin recently achieved a record high of $112,000, setting off a surge across the altcoin space. As capital rotates into alternative cryptocurrencies, XRP is standing out as one of the key beneficiaries. Its rise is not only due to the broader market sentiment but also fueled by promising developments around its ecosystem and Ripple’s financial innovations.

Major Developments Boosting XRP Confidence

One of the most significant recent moves bolstering XRP’s position is Ripple’s partnership with BNY Mellon, the oldest bank in the United States. The bank will serve as the main custodian for Ripple’s RLUSD stablecoin reserves, a move designed to ease institutional entry into the digital asset space. BNY’s role also includes offering transaction banking services to Ripple, ensuring efficient RLUSD operations.

This move aligns with recent regulatory shifts, particularly the Federal Reserve’s withdrawal of prior constraints on crypto banking engagement. The updated stance enables financial institutions to participate in the crypto sphere more freely, providing a tailwind for projects like Ripple’s.

Ripple isn’t stopping there. The company is aggressively pushing for national recognition, having applied for both a U.S. national bank charter and a Federal Reserve master account. These applications demonstrate Ripple’s intent to integrate further into traditional finance.

Meanwhile, RLUSD is rapidly climbing up the stablecoin rankings. It now boasts a market capitalization exceeding $500 million, overtaking TrueUSD to claim the eighth position. Because RLUSD operates on the XRP Ledger and uses XRP for transaction fees, its growth signals increased demand for the native token itself.

XRP ETF Momentum Gathers Strength

Another bullish catalyst for XRP comes from the exchange-traded fund (ETF) landscape. July is proving to be a monumental month, with several important ETF products slated for launch. As outlined in this report, ProShares is gearing up to introduce three XRP futures ETFs by July 14. These products aim to offer leveraged daily exposure to XRP’s market movements.

Hits keep coming, as Turtle Capital plans to release its 2X Long XRP ETF by July 21. That same day, Volatility Shares will unveil two additional XRP ETFs. While futures-based ETFs have received the green light from the SEC, the crypto community continues to look forward to decisions on over 10 pending spot XRP ETF applications, which remain under regulatory review.

Whale Activity Reflects Long-Term Confidence

Large investors, often referred to as whales, are demonstrating growing conviction in XRP’s potential. According to data from Santiment, the number of wallets holding at least one million XRP has almost hit an all-time high. The latest count shows 2,742 such wallets, just one below the previous record. Combined, these wallets control a staggering 47.32 billion XRP tokens.

This level of concentration among high-net-worth holders is often interpreted as a strong indicator of long-term bullish sentiment. When such entities increase their stakes, it tends to signal expectations of higher future valuations.

XRP Shows Strong Market Reaction

This accumulating optimism is already making its way into market prices. XRP recently broke above $2.40 — a level not seen since May. At the latest count, the token is trading at $2.45, marking a 5% daily jump. This performance reinforces sentiments around XRP’s strength during altcoin season.

Oscar Ramos’s call to make XRP a top investment priority isn’t just speculation — it’s a reflection of growing momentum on multiple fronts. From institutional moves and ETF launches to whale accumulation and rising prices, the stage appears set for XRP to play a starring role in the ongoing bull market.

Related: XRP Price: $12M Max Pain for Bears

Investors might recall that in the final quarter of 2024, XRP dramatically surged and crossed the $3 mark for the first time since 2018, a move that left many on the sidelines in disbelief. Ramos’s current recommendation may serve as a timely reminder not to underestimate XRP’s potential a second time.