Quick overview

---

Ripple’s Middle East/Africa region head, Reece Merrick, clarified common misunderstandings related to XRP.

 

Merrick’s position is that one of the more common ones is that Ripple and XRP are perceived to mean the same thing. Some media and large exchanges have had difficulty telling the difference between Ripple and XRP.

Some critics believe that Ripple and XRP are faceless entities because the token was created from the company’s basement. Preston Byrne mentioned how Ripple Labs controlled assets related to that token. He claimed that the company’s attempts to dissociate itself from Ripple are merely a facade.

Schwartz fired back by saying the same people who set out to rebuild the satellite-based system that set in motion the liquid that is XRP also founded a company named Ripple, claiming XRP had precedence over the company.

Meanwhile, the latest market action showed XRP exhibited a bull flag, which led to a multi-week high.

However, past results do not guarantee future outcomes; recognizing patterns is one of the most used methods for technical analysis. The resemblance in price movements can suggest that XRP is likely preparing for another comparable move.

Traders highlighted that the digital asset shows signs of strength even as the wider market moves past its volatile phases.

Price levels around $2 in the past months are clear signals of low volatility, encouraging the mindset that a strong and impulsive shift is probable, especially when following a bullish move like XRP experienced.

The trump card, or the next potential catalyst, is likely to be a regulatory goal, an institutional buying pressure, or a macro change. The XRP community project XRP may soon try to reclaim its leadership position among altcoins.

The combination of bullish technical formations, XRP strategically enhancing the Ripple blockchain’s ecosystem for controlled growth, and heightened optimism from the community makes it likely that XRP price will face volatile movements in the market.