Fly XRP to the Moon?
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In hindsight, calling the Reddit-initiated rally a ‘rebellion against existing financial establishments’ hardly does its symbolism justice. The decade-long frustration towards the opaque capital markets that endorse ruthless ‘elitism’ erupted like a volcano. The explosive energy has sent many ‘underdog’ stocks soaring at astronomical rates. In the crypto space, notwithstanding its recent regulatory controversy, XRP posted its largest gain in three years, with its price jumping over 100% since Saturday, Jan. 30, and momentarily breaking the $0.60 mark. Could the Ripple effect emulate GameStop’s recent short squeeze?