Ripple came away from Swell in New York this week with a whole tableful of good news: its OCC trust bank charter received final approval, BNY will custody XRP and RLUSD, a Robinhood partnership, RLUSD launched on Coinbase, Moody’s rated RLUSD A2/P-1, and the company also said its annualized product revenue is expected to reach around $900 million by the end of 2026.
And XRP? It spent the week hovering around 1.25. During Swell, people were complaining that “around 1.30, it just doesn’t move.”
Let’s be blunt: most of this feast is for RLUSD and Ripple the company. The charter, custody, ratings, revenue—which of these says “you have to buy XRP”? Even Garlinghouse had to go onstage and specifically say, “We will never give up on XRP” and “RLUSD is complementary, not a replacement.” The fact that the CEO has to say that publicly tells you people are having doubts.
Then there are those monthly-chart gurus on the timeline, admitting the price isn’t going up while throwing out targets of $8, $13, and $30. From 1.25 to 30 is more than a 20-fold increase, supposedly because the price is squeezed between two moving averages. Someone else says, “Holders complaining = classic signal that it’s about to take off.” That logic can justify anything: if it drops, it’s a shakeout; if it rises, “I told you so.”
One small account put it most clearly: adoption and price are two different games. The more money the company makes, the happier its shareholders are—but unfortunately, you don’t own Ripple stock.
#XRP #Ripple
And XRP? It spent the week hovering around 1.25. During Swell, people were complaining that “around 1.30, it just doesn’t move.”
Let’s be blunt: most of this feast is for RLUSD and Ripple the company. The charter, custody, ratings, revenue—which of these says “you have to buy XRP”? Even Garlinghouse had to go onstage and specifically say, “We will never give up on XRP” and “RLUSD is complementary, not a replacement.” The fact that the CEO has to say that publicly tells you people are having doubts.
Then there are those monthly-chart gurus on the timeline, admitting the price isn’t going up while throwing out targets of $8, $13, and $30. From 1.25 to 30 is more than a 20-fold increase, supposedly because the price is squeezed between two moving averages. Someone else says, “Holders complaining = classic signal that it’s about to take off.” That logic can justify anything: if it drops, it’s a shakeout; if it rises, “I told you so.”
One small account put it most clearly: adoption and price are two different games. The more money the company makes, the happier its shareholders are—but unfortunately, you don’t own Ripple stock.
#XRP #Ripple