No disrespect and i know people get uptight about their investments. There is nothing special about XRP. The fact that Ripple created a stable coin kind of shows this. In theory, their stable coin gives them the same use case without the volatility. If they can get more clients instead just paying people to use them, the client maybe more interested in the stable coin; not XRP. Unless the two are linked in some way im not aware of. The price was reflective of the uncertainty with the SEC. That was resolved and moved up accordingly.
I can't speak for all banks, but the one im at doesn't appear to be interested in crypto and they only have BSA/AML team members look at it from an awareness standpoint. Leadership is really traditional minded and we are bearly allowed to incorporate AI products due to fear of copyright infringement and potentially leaking confidential information. To be honest, I believe the FTX thing made them stay away. Its going to take years, a true incentive and new leadership for our bank to take a true interest/risk in crypto. Hence, why I said it would have to be some kind of scam banks in general would be able to legally pull off like they've done in the past.
I can't think of any major catalyst that could push the market except maybe Trump leaving office. Even then, we don't know what the next administration will do regarding crypto and they are more likely to harm it due to Trump getting money from it.
Im not saying it's going to nothing as a market but I do think the days of all Cryptos massively pumping are coming to an end if not already done. Approved or not i see ETFs doing more harm to crypto than good just like gold and silver have been hurt over the years. Its cool to hold on to XRP, Eth etc.. but we need to look out for the next hype wave. I thought it might be preps, but it looks like that may already be losing steam.
The main problem with crypto is it doesn't have a product or app everyday people are interested in. I don't know that it's hit the point of change that the internet saw with key companies surviving like Amazon or Netflix, Facebook/Meta and Uber rising.
