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XRP Ledger Upgraded!🚀$3 Next?️‍🔥 · The Paul Barron Crypto Show

• 0:06
  Speaker 1: My name is Paul Bara. Welcome back in the tech path.
• 0:08
  Speaker 1: Let's get into it. I do want to thank our
• 0:09
  Speaker 1: sponsor I Trust Capital. You're brand new. Maybe you're getting
• 0:12
  Speaker 1: into cryptoiras for the first time. Planning your tax for
• 0:16
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• 0:18
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• 0:21
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• 0:25
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• 0:29
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• 0:35
  Speaker 1: paying on your trades inside your own CRYPTOIRA. Check it out.
• 0:39
  Speaker 1: Use our link down below. You're going to get one
• 0:41
  Speaker 1: hundred dollars funding reward to get started. Let's go over
• 0:44
  Speaker 1: to a couple of topics I want to hit on. First.
• 0:46
  Speaker 1: Up is where things are happening around the SEC. Obviously
• 0:49
  Speaker 1: that's very highly related to what's happening with Ripple. A
• 0:52
  Speaker 1: lot of people asking if there are reports about Paul
• 0:54
  Speaker 1: Atkins being picked to be the next SEC chair. It's
• 0:58
  Speaker 1: not confirmed, but we are seeing some people kind of
• 1:01
  Speaker 1: hinting that there's a possibility here. If you look at
• 1:04
  Speaker 1: some of the news. Trump is now nominated pro crypto
• 1:07
  Speaker 1: Paul Atkins to lead the SEC. All right, so when
• 1:10
  Speaker 1: you take a look at it here it is breaking.
• 1:12
  Speaker 1: Trump nominated pro crypto Paul Atkins to lead the US
• 1:16
  Speaker 1: Securities in Exchange Commission. This will be our first real
• 1:19
  Speaker 1: chance to see a pro sec commissioner. So this is
• 1:23
  Speaker 1: going to be good, I think overall. If you look
• 1:25
  Speaker 1: at some of his history down in the article, Atkins
• 1:28
  Speaker 1: served as the SEC Commissioner under Bush, actively supported the
• 1:31
  Speaker 1: crypto sector since his departure from that commission, and of
• 1:34
  Speaker 1: course in seventeen he also has been co sharing the
• 1:38
  Speaker 1: Token Alliance at the Digital Chamber of Commerce. So that's
• 1:40
  Speaker 1: another big advantage for pro crypto. He understands it, he
• 1:44
  Speaker 1: knows where this market is going, and he understands how
• 1:47
  Speaker 1: important it is the United States. Let me go to
• 1:49
  Speaker 1: a clip real quick. This is Paul Atkins a little
• 1:51
  Speaker 1: while ago, kind of giving a frame up of where
• 1:53
  Speaker 1: the SEC is and where they should be on crypto.
• 1:57
  Speaker 1: Take a look.
• 1:57
  Speaker 2: I do think that you know there is enough control
• 2:03
  Speaker 2: uh for regulators to accommodate. Uh. You know, the the
• 2:09
  Speaker 2: particular technology here that we're talking about, hester purse who's
• 2:14
  Speaker 2: a commissioner at the Security and Exchange Commission now has
• 2:18
  Speaker 2: come up with, uh, some proposals for a safe harbor,
• 2:21
  Speaker 2: for example, to allow new technology to develop and to
• 2:25
  Speaker 2: you know, make accommodations for digital assets. Marcy Waita another
• 2:31
  Speaker 2: commissioner there, both of whom actually worked uh in my
• 2:34
  Speaker 2: office back when I was a commissioner. So I think
• 2:36
  Speaker 2: they're doing a stellar job. But they're also you know,
• 2:40
  Speaker 2: they're they're they've made proposals about how the SEC can
• 2:44
  Speaker 2: accommodate this, and unfortunately, you know, that has not occurred yet.
• 2:48
  Speaker 2: Because if it's you know, if it challenges incumbents and
• 2:53
  Speaker 2: uh and it helps to bring down costs for investors
• 2:57
  Speaker 2: and for people who are trying to raise capital. I
• 3:00
  Speaker 2: mean that's the reason why we have financial markets and
• 3:03
  Speaker 2: to have capital find its way to businesses. And people
• 3:11
  Speaker 2: take risks and they may lose all the money by
• 3:14
  Speaker 2: investing in something, but that's their right. You know, they
• 3:17
  Speaker 2: can go buy a lottery ticket and lose all their
• 3:20
  Speaker 2: money on that. You know. So if the government, if
• 3:24
  Speaker 2: the SEC were more accommodating and would you know, deal
• 3:29
  Speaker 2: straightforwardly with these various firms, I think it would be
• 3:33
  Speaker 2: a lot better to have things happen here in the
• 3:36
  Speaker 2: United States rather than outside.
• 3:39
  Speaker 1: All right, looking at Gary Gensler's clock forty seven days
• 3:42
  Speaker 1: away before we see him step away from the SEC
• 3:46
  Speaker 1: chair and the nightmare that has been exalted on crypto
• 3:50
  Speaker 1: over the last five to six years. So big changes ahead, guys.
• 3:55
  Speaker 1: All Right, here's a quick article on kind of just
• 3:57
  Speaker 1: a price potential here for Ripple one analyst drawing comparison
• 4:01
  Speaker 1: to a thirteen dollars run if you look at the charts,
• 4:04
  Speaker 1: and also the comparison between kind of a token that
• 4:08
  Speaker 1: has been suppressed much like what happened with Tesla in
• 4:11
  Speaker 1: certain areas around some of these people countering what Tesla
• 4:15
  Speaker 1: was doing. But if you look at what happened with
• 4:17
  Speaker 1: Tesla right there, the explosion SEC versus Tesla lawsuit ends, bam,
• 4:22
  Speaker 1: right here, se still lawsuit ends, and we've seen this
• 4:26
  Speaker 1: big run. Could we be right here on the edge
• 4:28
  Speaker 1: of this and could be thirteen dollars down in the
• 4:31
  Speaker 1: book mark? I don't know. I think a lot of
• 4:33
  Speaker 1: people are still questioning whether or not XRP can run
• 4:36
  Speaker 1: to that level still, though I think it's within range.
• 4:40
  Speaker 1: Three bucks. I think is within sight right now. Now,
• 4:42
  Speaker 1: remember we told you all about this yesterday. We did
• 4:45
  Speaker 1: a full video breaking down a lot of what's happened
• 4:48
  Speaker 1: in really the last twenty four hours on XRP. Go
• 4:51
  Speaker 1: back and check that video out if you did not
• 4:53
  Speaker 1: find it, But we broke down a lot of the topics.
• 4:55
  Speaker 1: One of course, was magnetic and what was going to
• 4:57
  Speaker 1: happen with that, And of course RLU this is ripple
• 5:01
  Speaker 1: stable coin will be launched very soon. This is already
• 5:04
  Speaker 1: set up on trust lines now that are going to
• 5:07
  Speaker 1: enable you to get lower cost trust lines. If you
• 5:10
  Speaker 1: know anything about trading on the XRP ecosystem, there's a
• 5:14
  Speaker 1: trust line that has developed. Mainly what it does is
• 5:16
  Speaker 1: it helps kind of create a benefit for or against
• 5:20
  Speaker 1: and controlling these scams that can happen within these ecosystems.
• 5:24
  Speaker 1: And with that is basically you're establishing a trust line
• 5:27
  Speaker 1: to make a trade, and that's what has been happening.
• 5:29
  Speaker 1: The problem was the amount of money that in XARP
• 5:32
  Speaker 1: that you'd have to lock up to do that. Now
• 5:34
  Speaker 1: it is reduced dramatically, but there still is one so
• 5:38
  Speaker 1: one thing, if you look at the chart right here
• 5:40
  Speaker 1: right now, you because of this reduction, now you've got
• 5:44
  Speaker 1: a whole bunch of XRP freedom in your account. So
• 5:46
  Speaker 1: if you're out there running a lot of different trust lines,
• 5:48
  Speaker 1: all of a sudden you are considerably more advanced in
• 5:52
  Speaker 1: terms of what you can trade on with XRP, so
• 5:54
  Speaker 1: more value, lower costs, And that's kind of the main
• 5:58
  Speaker 1: thing that makes it some that really pay attention to
• 6:01
  Speaker 1: within the ecosystem. Jaman is the wallet that we've talked about.
• 6:05
  Speaker 1: Also now they did an update yesterday and it was
• 6:08
  Speaker 1: one we were expecting that it was going to happen.
• 6:11
  Speaker 1: I will say this that even though the update did occur,
• 6:14
  Speaker 1: it occurred and there were some problems, and it wasn't
• 6:17
  Speaker 1: a bad thing. It was just some issues in terms
• 6:19
  Speaker 1: of bugs. I think probably them trying to deal with it.
• 6:22
  Speaker 1: But right now Jaman was not working connection through this
• 6:25
  Speaker 1: wallet interaction does not use other wallets out there. This
• 6:29
  Speaker 1: was coming from Magnetic, one of the deckses. So a
• 6:32
  Speaker 1: good example of what I think is happening right now.
• 6:35
  Speaker 1: Much like Phantom. If you guys remember when we started
• 6:37
  Speaker 1: seeing trades that wouldn't go through, that's the same or
• 6:40
  Speaker 1: has a lot of similarity to what's happening now with
• 6:42
  Speaker 1: the XRP ecosystem. I think what they're going to do,
• 6:45
  Speaker 1: and they've even mentioned this, is they're probably going to
• 6:47
  Speaker 1: put some sort of frame of monetary value on the
• 6:50
  Speaker 1: app itself to reduce the amount of you know, kind
• 6:53
  Speaker 1: of questionable traders out there and get more locked in users,
• 6:58
  Speaker 1: which will make it more valuable because if you look
• 7:01
  Speaker 1: at Phantom, their capability of earning revenue is different. They
• 7:04
  Speaker 1: can run nodes, they can do a lot of staking
• 7:06
  Speaker 1: things like that that doesn't necessarily happen on the XRP ecosystem.
• 7:10
  Speaker 1: Within these so Jaman, I think we'll get a little
• 7:12
  Speaker 1: bit cleaned up. That will be one to watch for sure.
• 7:15
  Speaker 1: Other things I want to hit on right here, Ripples.
• 7:17
  Speaker 1: We talked about this one. Ripples is now available on bittrue.
• 7:21
  Speaker 1: This of course will absolutely skyrocket. I think there's another
• 7:25
  Speaker 1: project out there. These are tokens, so again high risk,
• 7:29
  Speaker 1: likely to lose it all kind of scenario. But the
• 7:31
  Speaker 1: point is if you're interested in meme tokens, we're going
• 7:35
  Speaker 1: to see some heavy activity coming your way on XRP.
• 7:39
  Speaker 1: One other day to watch is the ray Verse launch.
• 7:41
  Speaker 1: This is December fifth. Also, again, more gaming possibilities on
• 7:45
  Speaker 1: the XRP ecosystem. Next step, of course, I want to
• 7:49
  Speaker 1: get in on the first time ever xrp's trading volume
• 7:51
  Speaker 1: exceeded the combined volumes of Ether and Bitcoin. That's what
• 7:55
  Speaker 1: I said, the combined trading volumes of the two top toekens.
• 8:01
  Speaker 1: Volume is exploding on XRP. People understand where this is heading,
• 8:04
  Speaker 1: and I think we are in for a big move
• 8:07
  Speaker 1: now if you look at some of the leading indicators,
• 8:10
  Speaker 1: this is the Korean market, and in the Korean market,
• 8:13
  Speaker 1: look at the statement that they put in right here
• 8:16
  Speaker 1: XRP and KRW the Korean basically dollar volume hit three
• 8:21
  Speaker 1: point seven billion in upbit. That was a twenty seven
• 8:23
  Speaker 1: percent exchange volume, twenty seven percent of the entire exchange
• 8:27
  Speaker 1: one point two billion on bitam. This of course gets
• 8:30
  Speaker 1: into a scenario where it's outpacing Bitcoin at three hundred
• 8:34
  Speaker 1: and forty million in volume. So again, this is a
• 8:37
  Speaker 1: small part of the crypto ecosystem, but us to see
• 8:41
  Speaker 1: that moving in a major Asian market, that's a big deal,
• 8:45
  Speaker 1: and of course XRP has been part of that. Do
• 8:47
  Speaker 1: you guys want to follow a lot of this, go
• 8:49
  Speaker 1: over to the deck screener. Just click on XRPL and
• 8:51
  Speaker 1: you can start to see some of the tokens that
• 8:53
  Speaker 1: are moving already. Bear is one of the big meme tokens.
• 8:56
  Speaker 1: You've already seen. Magnetic we talked about that. There is
• 8:59
  Speaker 1: Drop in there as well, and several other There's Ripples
• 9:03
  Speaker 1: and many more that I think we're going to see
• 9:05
  Speaker 1: a lot of activity on. So be on the lookout.
• 9:08
  Speaker 1: It is starting to happen within the XRP ecosystem, all right.
• 9:12
  Speaker 1: So one last thing is when you look at influencers,
• 9:15
  Speaker 1: you look at celebrities. This is a huge statement by
• 9:18
  Speaker 1: Katie Perry, and of course she's talking about none other
• 9:20
  Speaker 1: than XRP. She's delighted to announce I'm partnering with Ripple.
• 9:24
  Speaker 1: All tickets from an upcoming tour we purchaseable with XRP
• 9:29
  Speaker 1: at a five percent discount. So this is going to
• 9:30
  Speaker 1: be interesting because this most likely will lead the way
• 9:34
  Speaker 1: for Hollywood a lot of entertainers that will start to
• 9:37
  Speaker 1: layer down into the secondary influencers, which starts to create
• 9:41
  Speaker 1: that avalanche of effect on all of this. So if
• 9:44
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• 9:46
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• 10:01
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• 10:02
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• 10:04
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• 10:07
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