XRP Market Cap Falls Amid Broader Crypto Decline, Analyst Offers Insight

Crypto investors express frustration as XRP continues to decline, aligning with broader market trends. Versan Aljarrah, founder of Black Swan Capitalist, argues that the focus on XRP's day-to-day price movements misses its true function.

XRP's True Purpose

Aljarrah suggests XRP is not a typical speculative asset reliant on debt and hype but rather a settlement asset designed to enhance liquidity and resolve debt.
Temporary price drops are seen as noise while its utility-based value grows.

Market Volatility and Developments

XRP's market cap has fallen from over $210 billion to approximately $129 billion, reflecting broader crypto market volatility driven by ETF expectations and liquidations.
Ripple has invested nearly $4 billion in acquisitions, including Hidden Road and Rail, enhancing adoption.
Expanded partnership with Thunes to improve cross-border payments infrastructure.
A Spot XRP ETF launched by Canary Capital attracted $268 million, marking the largest crypto-ETF debut of the year.
Four more spot XRP ETFs are anticipated, potentially bringing up to $1.2 billion in capital.

XRP Price