Popular crypto influencer John Squire has commented on the popular claim within the crypto community from critics labeling XRP as a “dead coin”. In Squire’s view, XRP is “loading,” potentially setting up for a monumental rally.

“Institutional Money Is Knocking”

In a May 1 lengthy post on X, John Squire noted that Ripple-affiliated cryptocurrency XRP is the only top 10 cryptocurrency to have been mired in a multi-year-long legal battle with the U.S. government and emerged victorious.

Now that the case with the Securities and Exchange Commission has concluded, Squire believes XRP could witness a floodgate of institutional adoption, which could subsequently propel its price north. According to the pundit, big money is currently warming up as the CME Group prepares to roll out cash-settled XRP futures this month.

It’s worth mentioning that a similar product from America’s leading exchange, Coinbase, launched in April, signaling institutional-grade interest in XRP.

Squire backed this sentiment by citing rumors of a potential XRP trust from asset management giant BlackRock — arguably the most highly awaited XRP product. He claims this is not retail-driven hype but early indications of Wall Street quietly positioning itself.