Ripple’s XRP May Surpass Bitcoin (BTC) as Store of Value, Fintech Lawyer Says
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Arturo Portilla, a fintech lawyer from Mexico, is bullish on XRP to become a better store of value than Bitcoin. He has posted this thought on his Twitter page, stating that detractors are only beginning to realize this.
XRP Liquidity Index rises
In his post, Portilla has attached three recent charts of the XRP Liquidity Index rising in the MXN, PHP and USD corridors that work via the Bitso (Mexico), Coin.ph (the Philippines) and the BTC Markets (Australia) crypto exchanges.
However, many users in the comment thread disagree with the lawyer and suggest that the best use case for XRP in the future would be what it is now – a bridge currency. As for the best store of value, they believe this status suits Bitcoin best.
Curiously, the Ripple CEO Brad Garlinghouse said in one of his 2018 interviews that he also believes BTC to be a store of value and that he owns it. I own Bitcoin and I’m long Bitcoin, he stated back then.
Yuri MolchanBullish divergence on an XRP chart
Crypto trader Scott Melker shares with the community that he has found a bullish divergence on a daily XRP chart. He states that if XRP closes above the descending line on the chart, this would be a bullish sign for the third largest coin.
At press-time, XRP is sitting at $0.2560, showing a 7.29-percent rise, as per CoinMarketCap.
Related articles
Arman Shirinyan
Godfrey Benjamin
Vladislav Sopov
Dan Burgin