Ripple CTO David Schwartz revealed that despite initial plans to rapidly reduce its massive XRP holdings, he sees no realistic scenario now where Ripple doesn’t continue holding a large supply, even considering options like escrow or burning.
Ripple CTO’s cryptic tweet sparks speculation and interpretations among the XRP community about its meaning, ranging from potential major announcements to symbolism related to semantography.
As 2023 closes, XRP adoption metrics show the cryptocurrency approaching 5 million holders, underscoring growing real-world use driving optimism for 2024.
Banker Predicts XRP Could Surge Over 385,000% to $2,500 Based on Calculation That 40,000 XRP May Soon Equal $100 Million
Crypto expert Kristin Dack warns the XRP community about the risks of Ripple burning all of its escrowed XRP, which could eliminate over $23B worth of tokens and expose holders to unpredictable losses.
Reaper Financial’s CEO Patrick Riley predicts that XRP could surge to $22 per token in the next bull run, representing over a 3,500% increase from current prices.
The XRP Ledger is facilitating phase 2 of Palau’s stablecoin project trial aimed at improving financial access for citizens through a US dollar-pegged token and offline transaction capabilities.
Crypto analyst Alan Santana predicts that Ripple’s XRP token could see massive 120% gains in the first six months of 2024 amid bullish sentiment.
Attorney John Deaton criticized former SEC Chair Jay Clayton’s comments on the Ripple lawsuit, while Galaxy CEO Michael Novogratz acknowledged the role of the XRP Army. XRP price declined nearly 6%.
Breaking from stagnant trends plaguing the crypto market, XRP’s price has showcased a consistent bullish climb based on technical indicators like higher highs and lows, surging volume, and supportive buying interest.
