Crypto News: 5 Bullish Facts About XRP That Every Investor Needs to Know

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  • XRP Ledger (XRPL) offers built-in decentralized features, but its adoption in certain areas remains debated.
  • XRP’s price action suggests a potential bullish breakout, with key resistance levels in focus.

Panos Mekras, co-founder at Anodos Finance, recently highlighted several key characteristics of XRP and its native technology, the XRP Ledger (XRPL).

He pointed out that XRP is deflationary, decentralized, and features a native decentralized exchange (DEX). Additionally, he pointed out that XRPL was among the earliest tokenization pioneers and also accommodates non-fungible tokens (NFTs).

According to Mekras, these traits make XRPL safer than all other networks because all features are built into its Layer 1 architecture, eliminating threats from smart contracts, wallet drains, and blind signing.

Yet, Mekras’ statements drew a split reaction. Some community members pointed out that Ripple, the group behind XRP, continues to have control over its network, particularly through its enormous holdings in escrow.

Another point of contention has been whether XRP is deflationary. While small amounts of XRP are being burned with each transaction, critics argue that this does not necessarily mean that it is deflationary because its total supply is still extremely large.

This also came up for discussion, as XRPL’s decentralized exchange, while one of the earliest, has not been as popular as well-established decentralized finance (DeFi) exchanges such as Uniswap and PancakeSwap.

Another controversial aspect was XRPL’s tokenization capabilities. While XRPL tokenization preceded Ethereum and other blockchains, they later took over tokenized asset platforms.

Similarly, XRPL’s adoption of NFT lags behind Ethereum, Solana, and other major chains. Critics further claimed that though XRPL’s security model reduces smart contract threats, it lacks smart contract capabilities, which limits its potential for competing with networks that fuel large DeFi ecosystems.

Mekras Defends Claims on XRP Supply and XRPL Validators

Mekras defended his points, stating that Ripple does not control XRPL validators and that Bitcoin is not deflationary. He clarified that XRP’s total supply has not altered since its inception, with the escrow system having been misunderstood as an increase in circulating supply.

While a few users perceived this as a minor issue, there are those saying that Ripple’s control over releases from escrow generates uncertainty. Despite all this controversy, XRP’s solid marketplace dominance cannot be denied.

It has maintained a loyal following throughout the years, and its integration with financial institutions makes it a dominant force among crypto players. Most investors remain bullish on its long-term prospects, particularly if there is increased regulatory clarity and adoption.

XRP Tests Golden Pocket at $2.36, Bulls Target $3.40

XRP is currently priced at $2.38, with technical analysts eyeing a possible bullish breakout. Technical analysis shows that XRP reached the 0.618 Fibonacci retracement level at $2.36, a level often referred to as thegolden pocket.”

This level has held steady, which is a signal of potential purchasing interest. Furthermore, a Relative Strength Index (RSI) bullish divergence indicates that momentum is reversing in favor of buyers.

Source: X

If the current support stands, XRP can target higher price levels, with resistance at $2.70. Future breakouts will push prices toward $3.05 and $3.40, with a final test at an all-time high of $3.80.

Market sentiment is upbeat, and as sellers appear to have run out of steam, the next few days might determine XRP’s next major movement.





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