‘XRP Is Not Dead’ — Crypto Influencer Explains Why Ripple’s XRP Could Still Be Crypto’s Biggest Sleeping Giant

Popular crypto influencer John Squire has commented on the popular claim within the crypto community from critics labeling XRP as a “dead coin”. In Squire’s view, XRP is “loading,” potentially setting up for a monumental rally.

“Institutional Money Is Knocking”

In a May 1 lengthy post on X, John Squire noted that Ripple-affiliated cryptocurrency XRP is the only top 10 cryptocurrency to have been mired in a multi-year-long legal battle with the U.S. government and emerged victorious.

Now that the case with the Securities and Exchange Commission has concluded, Squire believes XRP could witness a floodgate of institutional adoption, which could subsequently propel its price north. According to the pundit, big money is currently warming up as the CME Group prepares to roll out cash-settled XRP futures this month.

It’s worth mentioning that a similar product from America’s leading exchange, Coinbase, launched in April, signaling institutional-grade interest in XRP.

Squire backed this sentiment by citing rumors of a potential XRP trust from asset management giant BlackRock — arguably the most highly awaited XRP product. He claims this is not retail-driven hype but early indications of Wall Street quietly positioning itself.

XRP Aims To Tap $150 Trillion Cross-Border Payments Market

Squire further suggested that while many crypto projects pursue hype cycles, XRP is focused on the global international payments sector, which currently hovers at $150 trillion annually. Ripple has previously speculated that this market could rocket to $300 trillion by 2030.

Ripple currently has active payment rails in Japan, Singapore, and the UAE. Squire stressed that this level of adoption is a sign that real-world use cases for XRP are already in motion. 

He also predicted that spot XRP exchange-traded funds (ETFs) are now closer than ever after the SEC greenlighted similar products based on Bitcoin and Ether in 2024.

Indicators Hint XRP Gearing Up For Parabolic Surge

Squire believes XRP’s underwhelming price performance is intentional. The asset has held steadily above the $2 mark despite many skeptics often predicting its doom.

He further highlighted bullish on-chain metrics such as rising volume and a cooling RSI. Squire argues that smart money does not chase pumps, instead, it buys when the market is boring.

That being said, Squire is convinced that XRP could be silently loading in the background, awaiting its moment to go parabolic. And when the sleeping giant of crypto finally awakens, as the influencer astutely puts it, “the whole game changes.”