XRP Investor Alert: Why James Wynn is Buying Ripple and What It Means for You

XRP Investor Alert: Why James Wynn is Buying Ripple and What It Means for You

The popular trader also said he is done with meme coins and perpetual trading.

James Wynn, the pseudonymous trader who became a major celebrity in the cryptocurrency community in recent months with big bets on meme coins and BTC futures, has officially backed XRP.

In a recent post on

Wynn said the potential for Ripple and its own token is substantial because it could “revolutionize banking systems.” However, the meme coin trader admitted that XRP still remains a gamble, just like all other investments.

Its support comes at some rather peculiar timing, as the company behind the asset just announced that it has rebranded Hidden Road – the prime broker it acquired for $1.25 billion earlier this year – as Ripple Prime. This means that Ripple is now the first and only crypto company to “own and operate a global, multi-asset prime broker, bringing the promise of digital assets at scale to institutional clients.”

Wynn also asked the community to outline the pros and cons of investing in Ripple’s cross-border token. The XRP Army, one of the most vocal parts of the crypto community, was quick to act highlight some advantages, such as Ripple, the second oldest chain in the Top 10, and its fast and cheap layer 1 network.

Others were a bit more skeptical. One user asked how much Ripple’s CEO, Brad Garlinghouse, paid Wynn for the position on Friday.

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In a separate post, Wynn said he is done with meme coins and perpetual trading after ‘finishing’ both ventures and will now focus on building the crypto industry. However, it is not clear whether his new plans are somehow related to Ripple.

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