Pro-XRP Lawyer Deaton Predicts XRP Will Flip Ethereum by End of Year
- Lawyer Deaton predicts XRP surpasses ETH by EOY; new leveraged ETF starts strong
- On-chain data shows surge in retail interest, short-term XRP holders dominate
- ANALYSIS: High short-term holder ratio, leveraged ETF success may signal risk
Recent developments around XRP are fueling talk of resilience and a potential comeback, despite lingering skepticism from some market watchers. Fueling this optimism, prominent crypto lawyer John Deaton, known for representing XRP holders against the SEC, offered a bold prediction: XRP could overtake Ethereum (ETH) in market value by year-end.
“Despite all the negative sentiment from people within the crypto industry,” Deaton commented, adding he has “always maintained that XRP has much more appeal than industry players want to admit.” He highlighted strong community support, evidenced during the Ripple lawsuit, as a sign of the token’s underestimated base.
Leveraged XRP ETF Debuts
Strongly adding to the positive signals was the launch of Teucrium’s 2X Long Daily XRP ETF (ticker: XXRP) on the NYSE Arca exchange.
The fund saw $5 million in trading volume on its first day. Bloomberg’s Senior ETF Analyst Eric …
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Pro-XRP Lawyer Deaton Predicts XRP Will Flip Ethereum by End of Year
- Lawyer Deaton predicts XRP surpasses ETH by EOY; new leveraged ETF starts strong
- On-chain data shows surge in retail interest, short-term XRP holders dominate
- ANALYSIS: High short-term holder ratio, leveraged ETF success may signal risk
Recent developments around XRP are fueling talk of resilience and a potential comeback, despite lingering skepticism from some market watchers. Fueling this optimism, prominent crypto lawyer John Deaton, known for representing XRP holders against the SEC, offered a bold prediction: XRP could overtake Ethereum (ETH) in market value by year-end.
“Despite all the negative sentiment from people within the crypto industry,” Deaton commented, adding he has “always maintained that XRP has much more appeal than industry players want to admit.” He highlighted strong community support, evidenced during the Ripple lawsuit, as a sign of the token’s underestimated base.
Leveraged XRP ETF Debuts
Strongly adding to the positive signals was the launch of Teucrium’s 2X Long Daily XRP ETF (ticker: XXRP) on the NYSE Arca exchange.
The fund saw $5 million in trading volume on its first day. Bloomberg’s Senior ETF Analyst Eric …
The post Pro-XRP Lawyer Deaton Predicts XRP Will Flip Ethereum by End of Year appeared first on Coin Edition.
Read More