How high will XRP soar?
Market trader Crypto King says that “XRP has been gaining momentum and more institutions are getting involved.” Now we are entering the phase that I was waiting for. Manipulation is done, accumulation done and expansion loading. “The chart and fundamentals have a lot of momentum. My target for this cycle is $7.00.”
Market researcher has a positive outlook for XRP citing the growing institutional interest and momentum, a sign of strong inflows of capital and legitimacy.
Crypto King believes that XRP is on the cusp of the Wyckoff phase. This would be a period where news and hype could lead to a price increase.
He predicts that XRP will surge up to $7 in this bull cycle. This would be nearly twice its previous high of $3.65 and set a record.
This cycle, XRP may also aim for $9.63. Its previous pattern of bull runs could be mirrored.
Ripple’s new XRPL patent could reshape blockchain competition
SMQKE, a prominent crypto researcher, has revealed that a recently granted Ripple Patent for improvements to the XRP Ledger may make it more difficult for competitors to develop similar blockchain software.
Ripple’s U.S. Patent, which enables temporary consensus subnetworks, trust-based instant payments across borders, outlines Ripple’s methods for accelerating settlements, reducing full network reliance and making XRPL unique efficient for institution use.
SMQKE views the patent as a moat, because if it is enforced key designs for on-ledger and validator configurations may be unavailable to competitors. This would raise barriers to competitors replicating XRPL.
Nevertheless, there are still legal and technological limits, since patents only cover implementations and not ideas. XRPL’s open codebase and distributed validators also complicate claims that Ripple could block the growth of an ecosystem. Ripple engineers and independent validaters have frequently emphasized that the ledger is decentralized.
The conclusion of the article is:
Ripple’s patent applications have a significant impact on the landscape of competition for ledgers that are centered around payments. If they can block competitors, it depends on the courts, licensing and other innovations.
This tension, as SMQKE et al. note, is a result of the growing conflict between blockchain-based collaboration and proprietary IP.
Crypto King believes that XRP is emerging from the accumulation phase and poised to make a strong breakout towards $7. This will be fueled by both institutional purchasing as well as solid fundamentals.
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