Digital Asset Investor Sees Next Nine Months as Significant for XRP

Crypto commentator Digital Asset Investor (@digitalassetbuy) said the next nine months could be a significant period for XRP while also citing a historical market pattern tied to U.S. midterm elections.

In a post dated Thursday, Oct. 22, Digital Asset Investor cited a comparison spanning 100 years. He said 92% of nine-month periods after midterm elections ended with gains, with an average return of 19%. He said the only negative period was associated with the Great Depression. He called the statistic “one of the most interesting statistics I’ve ever heard regarding investing.”

Grayscale expanded its in-kind crypto transfer program to cover 10 investment products, including XRP. In-kind transfers move crypto assets rather than cash.

XRP spot exchange-traded funds recorded a one-day net inflow of 708,000 XRP, bringing cumulative inflows to 1.8 billion XRP. A separate transfer moved 41.96 million XRP, valued at $57.07 million, from Evernorth to an unidentified wallet.

The Commodity Futures Trading Commission and the Securities and Exchange Commission are working toward a unified crypto regulatory framework, including a joint interpretation of what qualifies as a security or a commodity.