- Wynn’s $25K XRP bet sparks excitement in the crypto world.
- Ripple Prime acquisition signals institutional crypto market expansion for XRP.
- XRP price surges as Wynn endorses Ripple’s transformative potential.
James Wynn, the trader known for high-stakes moves in meme coins and Bitcoin futures, has stunned the crypto community by announcing a $25,000 investment in XRP. According to Wynn, after extensive research and “going down the rabbit hole,” he believes Ripple’s technology has the potential to reshape global banking. He called his investment a “gamble,” but one he’s willing to take given the long-term potential he sees in XRP.
This announcement came just as Ripple completed its $1.25 billion acquisition of Hidden Road, which has now been rebranded as Ripple Prime. With this move, Ripple becomes the first crypto company to own and operate a global multi-asset prime broker, signaling a strategic push to increase institutional access to digital asset liquidity and settlement. Ripple Prime is expected to have a major influence on institutional flows into the crypto market.
Also Read: XRP Breaks Out with Major Bullish Momentum – Could This Be the Next Big Rally?
Wynn’s Bold Shift: From Meme Coins to Ripple’s Vision
Wynn’s pivot to XRP marks a significant departure from his previous focus on high-risk meme coin trading and Bitcoin futures. He revealed he’s stepping away from these volatile markets to focus on building within the crypto space. Although Wynn did not announce any specific projects with Ripple, his support for XRP highlights his confidence in the token’s future potential.
XRP’s price surged following Wynn’s endorsement, reaching around $2.55 in the latest trading session. With a market cap of approximately $153 billion and a 24-hour volume of $4.7 billion, XRP saw a 4% increase in value. This uptick is seen as a direct result of Wynn’s announcement, alongside Ripple’s corporate updates.
As Ripple continues its push into institutional markets through Ripple Prime, the focus now shifts to XRP’s price levels and liquidity across major trading platforms. With institutional flows likely to increase, Ripple’s latest strategic move positions XRP at the forefront of the evolving digital asset landscape.
Also Read: Former Binance CEO Changpeng Zhao Optimistic About Crypto Future, Eyes U.S. Expansion
