In a cryptic transfer that has the XRP military speculating, Europe’s main cryptocurrency alternate, Bitstamp, has teased a major announcement associated to the token. The Luxembourg-based alternate made this identified by way of a tweet that merely learn, “tomorrow,” accompanied by the XRP-themed hashtags #XRP, #XRPL and #XRPLedger and a suggestive video.
The video, a short animation displaying an XRP rocket ascending, signifies that the forthcoming announcement might doubtlessly lead to important information for the XRP Ledger, finally boosting the value. However, Bitstamp stopped in need of providing any specific hints about what this announcement would possibly entail, leaving the neighborhood buzzing with anticipation.
Tomorrow.#XRP #XRPL #XRPLedger pic.twitter.com/aZrKAjXK5j
— Bitstamp (@Bitstamp) August 2, 2023
What Might Be Bitstamp’s Announcement?
XRP’s followers had been fast to reply, sharing their theories on what Bitstamp’s forthcoming announcement would possibly contain. Panos, the founding father of Digital Generation Finance, expressed his perception that Bitstamp may very well be set to announce a full integration with the XRP Ledger (XRPL). “The announcement could reveal that DEX has been connected to Bitstamp’s order book, focusing on fiat ramps for payments,” Panos conjectured.
This notion was seconded by outstanding XRP neighborhood member @XRPcryptowolf, who additionally postulated that Bitstamp may very well be planning an XRPL integration.
Meanwhile, one other XRP fan named @wEeZiE posited that Bitstamp’s announcement may need one thing to do with Ripple’s latest minority stake acquisition within the alternate. Back in May, Ripple acquired a stake in Bitstamp in a bid to broaden its worldwide operations and diversify its choices past funds.
A transcript of the Galaxy shareholder convention revealed on the time that Ripple had acquired the shares from Pantera Capital, one other crypto funding agency primarily based within the US. Pantera was one in every of Bitstamp’s largest shareholders till 2018, when the alternate was acquired by Belgian funding agency NXMH. However, it’s unclear how a lot Ripple paid for the acquisition or how the deal was structured.
“wEeZiE” said, “Recall Ripple president Monica Long’s comment about Ripple’s recent stake acquisition in Bitstamp. She mentioned that the move would strengthen Ripple’s international presence and diversify its offerings beyond payments. Perhaps Bitstamp’s tease pertains to this?”
Remarkably, Bitstamp has been a serious Ripple gateway for years, granting purchasers entry to RippleInternet and serving as a key companion for Ripple’s On-Demand Liquidity (ODL).
XRP Investors Don’t Buy The News
At press time, the market has not reacted to the announcement of the announcement. On the opposite, XRP has misplaced key assist at $0.6760 and marked a brand new 3-week low following the abstract judgment within the US Securities and Exchange Commission (SEC) case.
For now, the value has discovered assist on the 200 EMA (Exponential Moving Average) at $0.6543. If this assist breaks as properly, a plunge in direction of $0.60 may very well be on the playing cards. On a bullish notice, if Bitstamp’s announcement tomorrow can excite XRP buyers, the $0.6760 stage could be the primary resistance. In case of a breakout, a spike as much as $0.7249 is probably going.
Featured picture from Twitter, chart from TradingView.com
