Cryptocurrencies like XRP and BTC offer advantages in global use, control, and long-term growth, as Ripple CTO emeritus David Schwartz highlights key differences shaping their role against stablecoins. Key Takeaways: Ripple's David Schwartz favors XRP and BTC over USD for escrow, citing stronger upside.
Ripple revives XRP's payments pitch, with President Monica Long saying it can cut cross-border costs, boost liquidity, and improve settlement speed.
Ripple President Monica Long has highlighted decentralized identities as another area in which XRP could dominate. This came as she explained why these decentralized identities are a game-changer.
New reports reveal that XRP's supply on Coinbase has crashed to historical lows as investors and community members appear to be boycotting the exchange following the recent delay in the CLARITY Act. On the one hand, the recent movement shows joint unity among XRP holders as they collectively exit exchanges in protest.
Schwartz emphasizes that XRP's long-term relevance depends on real-world utility, not viral misreadings of an old quote.
XRP is left with no stable ground. Holders are living in fear and not rushing to buy amid any short-term price recovery.
XRP sits at $1.30 right now. Crypto analyst Egrag Crypto spotted a falling wedge pattern that's been building for nine months, and he thinks it could push the token all the way to $8.30 after a potential dip to 83 cents first.
A drop to 83 cents could be the setup XRP investors have been waiting for. Related Reading: Standard Chartered Sees Bitcoin Exploding To $500K By 2030 Crypto analyst Egrag Crypto has identified a falling wedge structure in XRP's price chart that spans nearly nine months, with the token trading around $1.30 after a prolonged slide.
XRP investment products saw $3.56M in weekly outflows, ending a two-week inflow streak as price stayed near $1.31 and institutional appetite weakened.
The opportunity comes with a few conditions, though. Here's what traders need to know.
XRP has continued to see weak performance across its ETF market with all existing funds recording little to no demand from institutional investors.
Ripple's institutional trading platform Ripple Prime is scaling rapidly as institutional clients have supported it with leverage surging by over 70 times. As highlighted by Eri Carpe Diem on X, Ripple itself is showing huge financial support as a way to reassure investors.