XRP Witnesses a Wait-and-See Scenario
According to Blockchain Bulletin, XRP has dropped 11% this week and 2% in 24 hours, cooling off after a 40% surge earlier this month pressured by $140M in transfers from Ripple co-founder Chris Larsen and widespread profit-taking, with 93% of supply still in the green.
The leading on-chain metrics provider added, “Whale activity, combined with overheated metrics, suggests short-term caution rather than panic.”
Therefore, XRP’s current consolidation signals the need for caution not impulsive buying or panic selling.
Similar sentiments were shared by market analyst Degram who stated, “This isn’t a breakdown — it’s a pause. The kind of pause that often fuels the next leg. If bulls hold the line, XRP could make another run toward 3.70, completing the measured move from its breakout wedge.”
The analyst noted that after a stunning 110% breakout, $XRP is now cooling off, retesting the key $2.97–$3.14 zone as support. Backed by a rising trendline, the bullish structure remains firmly intact.
This explains why a wait-and-see situation has taked center stage in the XRP network as the 3rd-largest cryptocurrency by market cap trades at $3.13.
Ripple CTO Emphasizes the Importance of XRPL in XRP
In response to XRP enthusiast Hiram SGIG’s question on XRP’s relevance amid growing RLUSD talk, Ripple CTO David Schwartz reaffirmed XRP remains a core focus, emphasizing that increased XRPL adoption will drive XRP’s utility and value.
Schwartz pointed out, “I don't have the numbers in front of me, but I'm pretty sure XRP's use as a bridge in Ripple Payments dwarfs every other asset.”
He argued that the XRP Ledger serves as a foundational stepping stone towards expanding the utility of XRP and ultimately unlocking broader institutional adoption.
This is because XRP functions as a neutral bridge currency in a fragmented, multi‑stablecoin ecosystem. Unlike fiat‑stablecoins tied to specific currencies, XRP remains chain‑agnostic and globally interoperable, enabling seamless conversions across tokenized assets, loans, securities, and diverse stablecoins.
As institutions gradually shift toward on‑chain settlement and as XRPL evolves in capability and compliance, Schwartz believes XRP is poised to become integral in tokenized financial systems, extending far beyond fast payments to become the liquidity backbone in a truly interoperable, global asset ecosystem.
He noted, “I also think that more use of XRPL for real financial use cases will translate to more utility and value for XRP. XRP has a privileged place on the XRP Ledger and is not as likely to get worked around as, say, ETH has been.”
Conclusion
Ripple CTO David Schwartz reaffirmed that the XRP Ledger plays a pivotal role in driving XRP’s real‑world utility, particularly as a neutral bridge asset amid a crowded stablecoin landscape.
With XRPL paving the way for greater XRP adoption, the token faces a wait-and-see sentiment after retreating from its $3.65 all-time high.
