XRP Dominates Patrick Bet-David's Twitter Poll Notching Up a Spirited Debate in the Crypto Community

A Twitter poll by Patrick Bet-David notched up a spirited debate in the crypto community. The question? Which digital asset has the best long-term tech.

A recent Twitter poll by Patrick Bet-David has sparked a lively debate within the crypto community. The poll aimed to determine which digital asset boasts the best long-term technology among the following options: Ripple (XRP), Bitcoin, Ethereum, or "Other." Voters were also encouraged to provide reasoning behind their picks.

With over 108,000 votes cast, the results showcased a strong preference for XRP, which secured 44.7% of the votes. Bitcoin followed closely behind with 36.8%, while Ethereum garnered a significantly lower 8%. Lastly, "Other" crypto assets collectively accounted for 10.6% of the votes.

This strong showing by Ripple comes amidst ongoing tech upgrades and positive market shifts for the project. Despite the pending SEC lawsuit, XRP has managed to gain ground in the crypto market.

One key factor contributing to this positive sentiment is the recent news regarding the SEC's acceptance of Grayscale's application to launch XRP exchange-traded funds (ETFs). This "acknowledgment" by the SEC now grants 240 days for the SEC to decide on these applications, a move that could significantly bolster XRP's market standing.

Bullish Pennant & Price Targets

Ripple's XRP is also drawing attention for its technical chart and positive market vibes.

Analysts like Egrag Crypto are highlighting a "bullish pennant" pattern for XRP, suggesting a price jump to $15–$17.

#XRP – The Bounce Off is Real! ($15-$17):

🔷The Bullish Pennant formation remains intact! 👍

🔷Conservative Target: Measure the pole leg from the lower end of the pennant—this brings us to $15. 🎯

🔷Normal Measured Move: Measure the pole leg from the top of the pennant,… pic.twitter.com/XYul2LfyL9

This technical pattern typically indicates strong upward momentum if the market remains bullish. However, experts advise caution, and a price break above $3.40 is crucial to confirm a major price surge.

Related: Is the Ripple Lawsuit Set for a Breakthrough After SEC and Binance Agree to Pause Suit?

XRPL Gets NFT Upgrade

Beyond market moves, Ripple's tech improvements continue to unfold.

The XRP Ledger (XRPL) has made strides in the Non-Fungible Token (NFT) space. A recent update introduced the NFTokenMintOffer amendment, enabling users to mint and create offers for NFTs in a single transaction.

This simplifies the process, reduces transaction costs, and enhances the user experience on XRPL. The amendment, approved through XRPL's governance process, showcases Ripple's dedication to boosting the functionality and usability of its blockchain.

XRP Price Dip & Market Consolidation

Despite the bullish vibes, the XRP market appears to be encountering some resistance. The price experienced a 3.79% dip, settling at $2.67 at the time of writing.

The MACD chart suggests a bearish trend, with the MACD line positioned below the signal line, indicating selling pressure.

Related: XRP Surpasses Bitcoin and Solana to Lead Upbit’s Korean Won Market: Here’s Why

On the other hand, the RSI is still at 50.72, indicating market indecision, which could suggest a consolidation phase for XRP.

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