XRP News: Lawyer On Why US Vs Canada Trade War Is Bullish For Ripple

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Why the US-Canada Trade War Might Just Be Ripple‘s Golden Ticket! 🎟️💰

Ah, the delightful drama of the US vs Canada trade war! It seems to be the talk of the town, sending ripples (pun absolutely intended) through the financial market enthusiasts like a particularly enthusiastic game of dodgeball. But fear not, dear reader, for in the latest XRP news, a legal eagle has swooped in to declare that this tumultuous tussle could be just the ticket for Ripple to soar to new heights. With Mark Carney now donning the illustrious hat of the 24th Prime Minister of Canada, our legal expert suggests that the blockchain firm and its trusty sidekick, the XRP Ledger (XRPL), might just be in for a bullish bonanza!

Mark Carney’s Stance On The US Vs Canada Trade War

Now, let’s not beat about the bush. Canada’s new PM, Mark Carney, has made quite the splash in the XRP news pond. He wasted no time in addressing the trade war kerfuffle, pointing a finger at none other than Donald Trump, accusing him of stirring the pot between the two nations. One can almost hear the dramatic music playing in the background!

In a statement that could make a soap opera scriptwriter weep with envy, Carney declared:

“Trump is trying to weaken our economy. He has imposed unjustified tariffs on our goods, affecting our businesses and families. We will not let him succeed.”

Such fiery rhetoric! It’s as if he’s preparing for a duel at dawn. Influencer Ed Krassenstein chimed in, stating, “Trump is in for a long ride.” One can only hope he packed a good book!

XRP News: Why This Could Be Bullish for Ripple

In the latest XRP news, our legal sage Fred Rispoli weighed in, suggesting that Carney’s leadership could be a boon for Ripple. When asked for his reasoning, he pointed to Carney’s previous dalliance with the blockchain company. Rispoli noted:

“When running the Bank of England he did a collabo with Ripple.”

Ah, the sweet scent of collaboration! Carney, who held the reins at the Bank of England from 2008 to 2020, was no stranger to financial innovation. During his tenure, he and Ripple teamed up in 2017 for a pilot project that aimed to make cross-border payments as smooth as a well-oiled machine.

Carney’s Blockchain Background and Ripple’s Role

Carney has long been a champion of fintech and blockchain technology, like a knight in shining armor for the digital age. Under his watchful eye, the Bank of England explored distributed ledger technology (DLT) as part of its modernization efforts. Ripple’s proof-of-concept with the central bank involved syncing two currencies using Ripple Connect and the Interledger Protocol. Quite the mouthful, isn’t it?

XRP enthusiasts, ever the keen observers, quickly connected the dots, with one user commenting, “Carney was all about fintech innovation. He pushed the Bank of England to test blockchain solutions like XRPL.” It’s almost as if they were waiting for the punchline!

With Carney now at the helm of Canada, his approach to financial technology and cross-border payments could very well influence national policies. If Canada decides to embrace blockchain-friendly regulations, Ripple could see a surge in institutional adoption. And let’s not forget Carney’s rather frosty relationship with Trump, which might just nudge Canada to explore alternative payment solutions, further boosting the relevance of XRPL. Talk about a plot twist!

XRP Price & Performance

Now, let’s take a gander at the numbers, shall we? Today, XRP has taken a bit of a tumble, recording a slump of over 4% and trading at a rather modest $2.17. However, its trading volume has skyrocketed by 150% to a staggering $7.8 billion. It’s like watching a rollercoaster ride, isn’t it? The crypto has touched a 24-hour high and low of $2.26 and $2.09, respectively. And in a twist of fate, CoinGlass data revealed that XRP Futures Open Interest fell by 7% today, reflecting the waning risk appetite of investors. Oh, the drama!

But fear not, for the recent developments suggest a strong recovery for Ripple’s native assets. The XRP community has rallied

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2025-03-10 14:01