In a cryptic move that has the XRP army speculating, Europe\u2019s leading cryptocurrency exchange, Bitstamp, has teased a significant announcement related to the token. The Luxembourg-based exchange made this known via a tweet that simply read, \u201ctomorrow,\u201d accompanied by the XRP-themed hashtags #XRP, #XRPL and #XRPLedger and a suggestive video.<\/p>\n
The video, a brief animation showing an XRP rocket ascending, indicates that the forthcoming announcement could potentially result in significant news for the XRP Ledger, eventually boosting the price. However, Bitstamp stopped short of offering any explicit hints about what this announcement might entail, leaving the community buzzing with anticipation.<\/p>\n
Tomorrow.#XRP<\/a> #XRPL<\/a> #XRPLedger<\/a> pic.twitter.com\/aZrKAjXK5j<\/a><\/p>\n \u2014 Bitstamp (@Bitstamp) August 2, 2023<\/a><\/p>\n XRP\u2019s followers were quick to respond, sharing their theories<\/a> on what Bitstamp\u2019s forthcoming announcement might involve. Panos, the founder of Digital Generation Finance, expressed his belief that Bitstamp could be set to announce a full integration with the XRP Ledger (XRPL). \u201cThe announcement could reveal that DEX has been connected to Bitstamp\u2019s order book, focusing on fiat ramps for payments,\u201d Panos conjectured.<\/p>\n This notion was seconded by prominent XRP community member @XRPcryptowolf, who also postulated that Bitstamp could be planning an XRPL integration.<\/p>\n Meanwhile, another XRP fan named @wEeZiE posited that Bitstamp\u2019s announcement might have something to do with Ripple\u2019s recent minority stake acquisition in the exchange. Back in May, Ripple acquired a stake in Bitstamp in a bid to expand its international operations and diversify its offerings beyond payments.<\/p>\n A transcript of the Galaxy shareholder conference revealed at the time that Ripple had acquired the shares from Pantera Capital, another crypto investment firm based in the US. Pantera was one of Bitstamp\u2019s largest shareholders until 2018, when the exchange was acquired by Belgian investment firm NXMH. However, it is unclear how much Ripple paid for the acquisition or how the deal was structured.<\/p>\n \u201cwEeZiE\u201d stated, \u201cRecall Ripple president Monica Long\u2019s comment about Ripple\u2019s recent stake acquisition in Bitstamp. She mentioned that the move would strengthen Ripple\u2019s international presence and diversify its offerings beyond payments. Perhaps Bitstamp\u2019s tease pertains to this?\u201d<\/p>\n Remarkably, Bitstamp has been a major Ripple gateway for years, granting clients access to RippleNet and serving as a key partner for Ripple\u2019s On-Demand Liquidity (ODL).<\/p>\n At press time, the market has not reacted to the announcement of the announcement. On the contrary, XRP has lost key support at $0.6760 and marked a new 3-week low following the summary judgment in the US Securities and Exchange Commission (SEC) case.<\/p>\n For now, the price has found support at the 200 EMA (Exponential Moving Average) at $0.6543. If this support breaks as well, a plunge towards $0.60 could be on the cards.\u00a0On a bullish note, if Bitstamp\u2019s announcement tomorrow can excite XRP investors, the $0.6760 level would be the first resistance. In case of a breakout, a spike up to $0.7249 is likely.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n In a cryptic move that has the XRP army speculating, Europe\u2019s leading cryptocurrency exchange, Bitstamp, has teased a significant announcement related to the token. The Luxembourg-based exchange made this known via a tweet that simply read, \u201ctomorrow,\u201d accompanied by the XRP-themed hashtags #XRP, #XRPL and #XRPLedger and a suggestive video.<\/p>\n The video, a brief animation showing an XRP rocket ascending, indicates that the forthcoming announcement could potentially result in significant news for the XRP Ledger, eventually boosting the price. However, Bitstamp stopped short of offering any explicit hints about what this announcement might entail, leaving the community buzzing with anticipation.<\/p>\n Tomorrow.#XRP<\/a> #XRPL<\/a> #XRPLedger<\/a> pic.twitter.com\/aZrKAjXK5j<\/a><\/p>\n \u2014 Bitstamp (@Bitstamp) August 2, 2023<\/a><\/p>\nWhat Might Be Bitstamp\u2019s Announcement?<\/h2>\n
XRP Investors Don\u2019t Buy The News<\/h2>\n
What Might Be Bitstamp\u2019s Announcement?<\/h2>\n