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In a recent tweet, Kyren, a former banker, expressed his optimism about the upcoming bull run for the third-largest altcoin, XRP, emphasizing the significant changes that have transpired since the last market cycle.<\/strong><\/p>\n \u201cThis bull run will be a special one for XRP,\u201d<\/span><\/i> the financial expert proclaimed.<\/span><\/p>\n This bull run will be a special one for $XRP<\/p>\n Last cycle we saw HEAVY suppression & inactivity due to the whole lawsuit issue<\/p>\n But things have changed since then<\/p>\n In fact, change might be an understatement<\/p>\n As Ripple has flipped this around into the most BULLISH outcome possible\u2026 pic.twitter.com\/PzDsPVAyyO<\/p>\n \u2014 Kyren (@noBScrypto) November 24, 2023<\/p>\n<\/blockquote>\n According to Kyren, the previous bull run was marred by heavy suppression and inactivity due to the SEC lawsuit involving XRP and Ripple. As a result, XRP failed to engineer a significant bullish trajectory like other digital assets, which reclaimed new highs.<\/span><\/p>\n – Advertisement –<\/span><\/p>\n However, Kyren believes Ripple has successfully turned the tables, transforming the situation into the most bullish outcome possible.<\/span><\/p>\n He first highlighted that the legal landscape between Ripple and the U.S. SEC appeared back and forth during the last bull run. The banker noted that the uncertainty had hindered XRP\u2019s progress.<\/span><\/p>\n However, Ripple has emerged victorious in the lawsuit as a U.S. federal court declared XRP non-security. Moreover, Kyren noted that the Ripple team secured two more victory outcomes against the SEC, further reinforcing XRP\u2019s position for the coming bull run.<\/span><\/p>\n In parallel, Kyren pointed out that the consequences of the lawsuit, which led U.S.-based exchanges to disassociate from XRP, have subsided. He highlighted that prominent trading platforms such as Coinbase, Kraken, and Gemini have reinstated support for XRP.<\/span><\/p>\n In this context, he gave a shoutout to the Uphold crypto exchange for standing by XRP throughout the trying period.<\/span><\/p>\n Aside from the pivotal transitions amid the lawsuit outcomes, the ex-banker highlighted other external developments that make XRP\u2019s position for the coming bull run \u2018special.\u2019<\/span><\/p>\n Specifically, Kyren underscored the impressive momentum in the development of Central Bank Digital Currencies (CBDCs). He cited Ripple\u2019s partnerships with countries such as Palau, Bhutan, Georgia, Hong Kong, and Montenegro. According to him, these central banks are unconcerned about the lawsuit.<\/span><\/p>\n Reflecting on the past bull market, Kyren reminded his followers that XRP witnessed remarkable gains, surging from under $0.01 to over $3.50. With the positive developments now surrounding XRP, Kyren believes the XRP Army is on the brink of another significant run.<\/span><\/p>\n Follow Us<\/strong> on Twitter and Facebook.<\/span><\/p>\n Disclaimer<\/strong>: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic\u2019s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.<\/p>\n -Advertisement-<\/p>\n<\/div>\n<\/div>\n\n
Why XRP\u2019s Coming Bull Run Will Be Special<\/span><\/h2>\n
Ripple CBDC Progress is Also a Point<\/span><\/h2>\n