U.S. bank license approval experiences a 'turnaround'... XRP, why are skeptical investors turning away?

From XRP “Hater” to “Believer”… Analysts’ Changing Attitudes Toward Ripple After Securing US Banking License

A well-known cryptocurrency analyst who previously criticized Ripple (XRP) has recently completely reversed his stance. He now calls XRP a “world currency” and emphasizes its potential to become a core driver of global financial market transformation in the future. The pivotal moment prompting him to reassess Ripple’s previously underestimated potential is the major breakthrough of obtaining a US banking license.

This individual is cryptocurrency commentator Minus Wells. He recently retracted his negative position on XRP on his X (formerly Twitter) account and openly admitted, “My thoughts have completely changed now.” He referred to his past continuous disparagement of XRP as a “hater,” acknowledging that such judgment was definitely incorrect.

The turning point for Wells was Ripple’s recent acquisition of a banking charter from the Office of the Comptroller of the Currency (OCC). He commented, “Ripple has officially become a regulated bank,” which is evidence of cryptocurrency’s shift from an absurd speculative asset to a genuine financial infrastructure. He specifically mentioned the physical XRP coins he received, describing them as “the tangible embodiment of a world currency.”

A comparison with Bitcoin (BTC) also followed. Wells criticized, “XRP has physical coins, but Bitcoin does not,” and stated, “You can no longer trust Bitcoin without regulation or physical backing.” He added, “Bitcoin probably can’t even get a banking license in the US,” highlighting the regulatory gap between XRP and Bitcoin.

However, he explicitly clarified that his “change of stance” is unrelated to promotional activities. Neither his past criticisms nor his current positive outlook have been financially motivated. He explained, “In the crypto industry, hiring influential people to criticize specific tokens is extremely rare,” and “Most of the time, it’s ‘whale investors’ who want to pump up certain assets and spend money to create hype.”

In fact, Wells mentioned the case of Ripple’s crash last October caused by a large-scale sell-off. He pointed out that this was a “classic example of market manipulation” and warned about the structural background preventing XRP’s price from rising freely. Relatedly, Wells remains skeptical about XRP’s price prospects. He advocates, “Don’t expect XRP to reach $100 (about 14,510,000 KRW), or even break through $20 (about 2,900,000 KRW),” and added, “If you’re lucky, trading above $5 (about 7,255 KRW) might be the limit.”

Recently, XRP has been trading near the $1.70 (about 2,467 KRW) level. Despite strong positive factors like physical backing and regulatory approval, Wells still advises investors to remain “cautiously optimistic.” He suggested, “What’s important for Ripple supporters is to have a realistic outlook rather than over-expectation,” and warned against overly optimistic forecasts.

Wells’ dramatic change in stance can be seen as evidence that XRP’s regulatory and business environment has evolved significantly from the past. Meanwhile, with his still-calm price outlook, Ripple’s future movements will be worth watching as they seek a balance between expectations and reality.

💡 “Without fundamentals, there is no price… Now is the time for a ‘correct assessment’”

How can perceptions of XRP change so dramatically? The case of Minus Wells offers an important lesson. Not being swayed by surface price fluctuations or community enthusiasm, and instead analyzing project structure (tokenomics), regulatory status, and real-world application, becomes crucial.

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Note: The article has been summarized using a language model based on TokenPost.ai. The main content may be omitted or may not fully align with facts.