Ripple’s XRP remains a hot topic among legal experts and crypto enthusiasts. It’s been marking repeated wins recently, prompting people to wonder what the next step was for the token.
Join us as we explore the views of prominent figures in the crypto world regarding Ripple’s approach to XRP, its price, and the market.
Understanding Ripple’s Strategy
Bill Morgan, a well-known attorney and crypto lover, recently shared his insights about Ripple’s decision on its XRP escrow releases. He believes that Ripple’s decision to hold onto a big part of its monthly XRP shows their commitment to stabilizing the cryptocurrency’s value. Morgan’s idea lines up with insights from the ongoing legal battle between Ripple and the SEC.
Morgan’s comments came after an anonymous crypto enthusiast questioned why Ripple didn’t sell a significant part of its XRP escrow, even after getting legal clarity.
XRP Price: A Closer Look
Cryptocurrency vlogger Flare Community offers a broader view, stressing the real value of XRP. They think that while XRP might have short-term price ups and downs, its real value is increasing. They highlight how developers keep making the XRP ecosystem stronger and more flexible. According to them, a price drop isn’t a sign of XRP losing value but a chance to buy it at a good price.
Also Read: XRP Whales Keep Buying Despite Flash Crash: Price to Surge?
Bill Morgan, in response to Flare Community, simply says that even though Ripple’s XRP is legally clearer now, its price hasn’t jumped significantly compared to the past.
The Power of Bitcoin and Ethereum
XRP community member XRPJulian raises a crucial issue about how the broader cryptocurrency market depends a lot on the prices of Bitcoin (BTC) and Ethereum (ETH). They’re eager for the day when individual cryptocurrencies like XRP will be valued for what they are, without being swayed by BTC or ETH prices.
While the talks about Ripple’s XRP are complicated, one thing is clear: we’ll watch closely as it develops and the market changes in the coming months. Stay tuned for more updates.
This Might Interest You: Ripple Attorney Predicts 3 Likely Outcomes of SEC Lawsuit