XRP Price Skyrockets to $9,800 Before Rapidly Returning to Previous Levels

XRP experienced a sudden flash surge, reaching $9,800 on multiple exchanges before quickly reverting to its original price. This event raised concerns about data integrity and exchange system reliability.

Online Reactions

KingXRP claimed the surge might indicate XRP's future as a global reserve currency. The $650 trillion real estate market is expected to tokenize on the XRP Ledger via RealFi, with potential major CEX listings.
Analyst Skipper_xrp highlighted Marius Jurgilas's belief in XRPL's potential for massive institutional investments focused on utility rather than speculation.
The BXE token, linked to decentralized journalism on the XRP Ledger, is launching on November 14th, with projections of significant price increases.

Utility vs. Speculation

unknowDLT referenced Brad Garlinghouse's statement on shifting from speculation to utility, with XRP at the forefront.
The upcoming Clarity Act could drastically reduce the value of most projects, contrasting this bull run with previous ones.
Former US Treasurer Rosie Rios acknowledged XRP's role in the new financial system.

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